One of Torino Lounge products. Picture: TIKZN

Business In The News South Africa

KZN businesses on a trade mission to seek opportunities in Zambia

CAPE TOWN, February 12  – Torino Lounge, a KwaZulu-Natal based manufacturer of lounge suites, will be one of 12 local companies seeking to expand their client base when they participate in a trade mission and business engagements in Lusaka, Zambia, in March.

Trade and Investment KwaZulu-Natal (TIKZN), a provincial agency which promotes KZN as an investment destination and also assists local companies to access international markets, has coordinated a group of 12 companies from the province to explore business opportunities in Zambia.

Torino Lounge has been supplying the Zambian market since the early 2000’s.

The trade mission aims to promote business engagements between companies in the neighboring Zambia and the province of KwaZulu-Natal.

This trade mission follows a few previous trade promotion engagements between the two regions like the 2013 trade mission which was initiated and led by TIKZN in partnership with the department of economic development, tourism and environmental affairs in KZN.

In 2014, six KZN companies participated in the Zambian International trade fair, and in 2015 TIKZN participated in the outward selling trade mission organized by the Department of Trade and Industry (the dti).

TIKZN chief executive, Zamo Gwala, said that KZN companies were eager to meet with their Zambian counterparts who have a desire to do business and expand trade between the two countries.

“As part of this trade mission, there will be a business to business session on March 7, therefore interested entities in Zambia are encouraged to view the profiles of the KZN delegates online and secure their meetings,” Gwala said in a statement.

Gwala said that KZN has continued engagements with Zambia by having invited delegates to the KZN Export Week held annually in October.

Lester Bouah, executive manager for export development and promotion unit at of TIKZN, said that KZN and Zambia have the potential to trade at optimal levels in different sectors of the economy especially in the manufacturing space.

Bouah said that there was still work that needs to be done in terms of further strengthening trade and investment relations between our regions, focusing on new collaboration and trade partnerships in key sectors of our economies.

“Traditionally, trade between South Africa and Zambia has been in favour of South Africa with a focus on electrical and electronic equipment, vehicles, machinery, iron and steel,” Bouah said.

“However, we continue to encourage bilateral trade and are working on new initiatives in this regard later in 2018 to promote the flow of trade. We are optimistic that this trade mission will provide a platform for such engagements to be initiated.”

The KZN delegation will consist of companies under the Durban Chamber of Commerce and Industry (DCCI), the South African Footwear and Leather Export Council (SAFLEC) ,and private companies from the footwear, furniture, automotive and agro-processing sector.

ANA

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