Canada has renewed its interest in strengthening trade and investment ties with South Africa. The country has made a commitment to scale up, speed up and synergize its partnership with Africa’s second-largest economy.
Speaking at the opening plenary session of a high profile event dubbed the Africa Investment Forum, Marcello DiFranco, Head of Office at the High Commission of Canada in Johannesburg, said that the Canadian Trade Commissioner Service, an export promotion platform, is working hard to increase trade and investment between Canada and South Africa.
He was speaking after he met South Africa’s President Cyril Ramaphosa at the Forum in Johannesburg this week.
DiFranco stated this weekend that he had a productive first meeting with Patrice Motsepe, Chairman of mining company, African Rainbow Minerals, whom he described as a Captain of Industry and a true icon in South Africa’s business world.
“Canadian businesses are doing big things across Africa,” commented Omar Alghabra, Canada’s Parliamentary Secretary to the Minister of International Trade, and Member of Parliament for Mississauga Centre.
He added that he and Canada’s representatives were fortunate to discuss the opportunities and challenges they are working with on the sidelines of the Africa Investment Forum.
DiFranco noted that the Forum had over 20 Canadian companies attend the first edition of the event.
On his part, Mr. Alghabra said that Canada is committed to free trade adding that “Africa is a priority.”
Alghabra recently wrapped-up his trip to the Africa Investment Forum following meetings with Canadian consulting engineering firm HATCH Global and South African burger chain, Roco Mamas, with a call to increase investment within both countries.
He urged both nations to work on building relationships with and for businesses so that they can expand trade and investment. He added that more markets will equal more opportunities for businesses to grow, prosper and create well-paying jobs across both regions.