SA firms on Brazil investment trip
12 March 2012
Deputy Trade and Industry Minister Thandi Tobias-Pokolo is leading 45 South African companies on a mission to Brazil this week, on the lookout for trade and investment opportunities - and partnerships on 2014 Fifa World Cup projects.
The Investment and Trade Initiative (ITI) will span three 2014 Fifa World Cup host cities, namely Sao Paulo, Curitiba and Porto Alegre, focusing on South Africa's World Cup legacy while giving emerging exporters insight into the Brazilian market.
The companies - from the built environment, construction, aerospace, rail and marine, manufacturing, agro-processing, services and electro-technical sectors - will take part in trade and investment seminars, targeted business-to-business meetings and site visits.
Tobias-Pokolo said the mission would profile South Africa's expertise in hosting the 2010 Fifa World Cup, while exploring potential partnerships between South African and Brazilian companies in tendering for 2014 World Cup projects.
"Investment and Trade Initiatives (ITIs) create an excellent platform to showcase South Africa's manufacturing and export capabilities as well as investment prospects in the markets in which the ITIs are held, which are targeted high-growth markets," Tobias-Pokolo said in a statement on the weekend.
She added that the ITI would build on relations that were established during similar missions undertaken in 2009 and 2010.
Airports Company South Africa is part of a consortium that recently won a bid for the expansion, maintenance and operation of Guarulhos Airport in Sao Paulo.