KZN businesses urged to participate in continental trade fair
KwaZulu-Natal Premier Sihle Zikalala is urging local businesses to take advantage of next week's mega Intra-Africa Trade Fair in Durban.
He says many stand to benefit from the event, which's set to boost the local economy by hundreds of millions of rands.
Over a thousand companies from across the continent will descend on the city to showcase their products and services.
"The trade fair is expected to yield massive economic spin-offs for KwaZulu-Natal and the country as a whole,” says Zikalala.
“It will also attract high-level delegations, including heads of state from the continent. We estimate that the IATF 2021 will attract 10 000 buyers and sellers, 1100 exhibitors and will result in US$40 billion in trade deals.
"The hosting of this event also augurs well for our Economic Recovery and Reconstruction Plan.
"The calculated economic impact of hosting the event is expected to include a total direct spend of R235 million, R580 million contribution to the GDP, and an annualised employment contribution of 1 200."
The seven-day African trade and investment exhibition will be hosted at the Inkosi Albert Luthuli International Convention Centre in Durban from 15 November.
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