http://www.polity.org.za
Deepening Democracy through Access to Information
Home / Statements RSS ← Back
Moscow|St Petersburg|Africa|Business|Gas|Mining|Oil-and-gas|Projects|Roads|Africa|China|Russia|Agro-processing And Mining Sectors|Oil And Gas|Bulelani Magwanishe|Infrastructure|Vladimir Putin
|Africa|Business|Gas|Mining|Oil-and-gas|Projects|Roads|Africa||Oil And Gas|Infrastructure|
moscow|st-petersburg|africa-company|business|gas|mining|oilandgas|projects|roads|africa|china|russia|agro-processing-and-mining-sectors|oil-and-gas|bulelani-magwanishe|infrastructure|vladimir-putin
Close

Email this article

separate emails by commas, maximum limit of 4 addresses

Verification Image. Please refresh the page if you cannot see this image.

Sponsored by

Close

Article Enquiry

DTI: Deputy Minister Magwanishe hails spief engagements successful

Verification Image. Please refresh the page if you cannot see this image.
Close

Embed Video

DTI: Deputy Minister Magwanishe hails spief engagements successful

Photo by Duane
Deputy Minister of Trade and Industry Bulelani Magwanishe

5th June 2017

SAVE THIS ARTICLE      EMAIL THIS ARTICLE

Font size: -+

The Deputy Minister of Trade and Industry, Mr Bulelani Magwanishe says the St Petersburg International Economic Forum (SPIEF) proved to be a successful platform to drive and promote Africa’s economic growth. Magwanishe was representing government at the SPIEF held in St Petersburg from 1-3 June 2017, Moscow.

According to Deputy Minister Magwanishe, the talks and engagements with government officials and businesspeople at SPIEF were a great marketing tool for Africa’s integration, as well as the infrastructure and skills development plans.

“The engagements also focused on accelerating some of the projects identified in our joint efforts with fellow BRICS members to gather impetus and be implemented. In-roads were also made in creating new markets for agro-processing and mining sectors, especially for emerging exporters and entrepreneurs for the East Asian markets,” says Magwanishe

He adds that as government, it was important to educate potential investors and businesspeople about the African agenda and the economic activities of the continent.

“Certain countries still do not know much about Africa’s economic activities and projects. The continent needs to do a lot of marketing to show its potential and focus on helping the facets of our economic activities like Russia and China do.” he said.

Magwanishe points out that Africa should also move in the direction of creating platforms such as SPIEF in order to capitalise on some of the largest untapped reserves of minerals, oil and gas. He says these platforms draw the attention of the most important economic players to the opportunities of a particular country and its potential. The value of SPIEF is evidenced by the signing $35 billion worth of deals during the forum.

He adds that the South African government will always advocate for continental development, market integration, regional industrialisation, infrastructure development and investments.

SPIEF is an annual international conference dedicated to economic and business issues facing Russia, Africa and BRICS, held with the direct support of the President of the Russian Federation, Mr Vladimir Putin.

The St Petersburg International Economic Forum attracts international participants, including government and business leaders from the emerging economic powers, as well as leading global voices from academia.

 

Advertisement

Issued by Department of Trade and Industry

To watch Creamer Media's latest video reports, click here
 
Advertisement

EMAIL THIS ARTICLE      SAVE THIS ARTICLE ARTICLE ENQUIRY

To subscribe email subscriptions@creamermedia.co.za or click here
To advertise email advertising@creamermedia.co.za or click here

Comment Guidelines

About

Polity.org.za is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Mining Weekly
Research Channel Africa

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Polity.org.za is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now
Register Close