TRADERS AND INVESTORS DELIBERATE TOWARDS SUCCESS
By: Nomvula Ndlovu
“Infrastructure development is crucial in unlocking a country’s potential.”
This was the issue discussed at the East3Route Investment Seminar, held at the Durban International Convention Centre (ICC) on Monday.
Delegates and officials from South Africa, Mozambique, Swaziland and the Seychelles, which are the participating countries, assembled to share their experiences in the development sector.
The seminar aims to showcase investment and trade opportunities in each of the four partner regions. It also seeks to promote and accelerate cross-border economic activity.
Speaking at the seminar, the Chairperson of MassMart, Kuseni Dlamini, said, “it is always good to have the source of supply close to the consumer. However, the trade and investment industry is growing rapidly. This then leads to national and international trading.”
He went on to say that enhancing physical infrastructure will, “unleash the full potential of our economy.”
The Transnet Group Chief Executive Officer, Brian Molefe, who was representing South Africa, said that economy needs sustainable infrastructure.
“A diverse and sustainable economy will lead to greater infrastructure development. This will then lead to job creation and tourism investment. As Transnet we are doing all the necessary steps for growth,” Molefe said.
He revealed that their main focuses are the rail link between South Africa and Swaziland and the Durban Dig Out Port expected to be complete by March 2015.
“Infrastructure is the catalyst for investment and job creation,” he added.
One of the delegates, Talia Feigenbaum from Urban –Econ, applauded the seminar.
“I think the seminar is a very exciting initiative. We are brought together to deliberate and discuss issues. This is a great programme to network and establish potential trading between countries. This is the platform where issues facing the trading industry get to be unpacked,” she said.