TRADE, Industry and Competition Minister Ebrahim Patel has emphasised that Nigeria is a critical market for South African capital and goods while South Africa is a big market for Nigerian businesses.
Patel, who forms part of a delegation accompanying President Cyril Ramaphosa to on a West Africa four-nation visit, was speaking on the sidelines of the South Africa – Nigeria business forum on Wednesday.
Patel said the forum is aimed at creating a platform for South African companies to engage and exchange business contacts with their Nigerian counterparts to forge joint venture partnerships.
“The business forum was about getting the view of individual business people identified in the areas of ICT, infrastructure, finance and banking on how we can get greater economic cooperation between the two countries,” said Patel.
“The one key metric of economic development is the level of trade between countries. Nigeria is today South Africa’s biggest supplier
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