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Mozambique presents great opportunities for South African companies to invest in, said Antonio Domingos Mapure, permanent secretary of the Mozambican province of Cabo Delgado province.
At a seminar held on Monday, Mapure urged South African businessmen to invest in the province's gas sector.
The Department of Trade and Industry (DTI) is currently leading a trade delegation to Mozambique for a trade and investment mission to the neighboring country.
Mapure said the mission, which began on Monday, comes at a significant time when the province is preparing to launch the 2018-2027 development program, which includes investment attraction elements.
The program aims to attract more than $ 50 million investment in gas extraction in the Rovuma Basin and in the launch of graphite exploration.
This, he said, represents a huge opportunity for South African companies.
"South Africa has been a privileged partner of Mozambique for years, and its participation in the agricultural sector is very active, which is of interest to this province." Our priority areas are in line with the interest South African investments in Mozambique include tourism, fisheries, human capital, aquaculture, mining and energy, "said Mapure.
South African companies operating in the electrical energy and renewable energy sectors, architects and engineering services, the built environment, telecommunications and mining services, participate in the mission. d & # 39; investment.
Mapure also reassured companies of Mozambique's commitment to sharing business opportunities, creating a favorable business environment for laws and regulations, and encouraging domestic and international investment.
South African High Commissioner to Mozambique, Mandisi Mpahlwa, said South African companies are aware that the world is keenly interested in oil and gas exploration in Cabo Delgado province.
"Implementing more than $ 50 million worth of gas exploration investments in the Rovuma Basin presents significant opportunities for South African businesses and we want to partner with Mozambique and the United States." the province for building its new future and taking advantage of new opportunities.
"We believe that we can contribute, through our quality products, programs and services and in terms of backup services, in a much more economical and efficient way as these large global companies undertake their investments," he said. said Mpahlwa.
Trade and Industry Minister Rob Davies said the mission offered the South African government the prospect of pursuing collaboration and economic partnerships with African countries to achieve higher levels of funding. higher industrialization through trade and sustainable investment.
Total trade volume in 2017 was Rs 51 billion and the trade balance between the two countries in 2017 was R26.6 billion in favor of South Africa.
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