MEGA working to encourage foreign investment

Recently two outward selling missions were undertaken in this financial year, namely, to Algeria, Tunisia, the Kingdom of Saudi Arabia, and the United Arab Emirates, and the team successfully organised the National Exporter Development Programme Workshop, an Inward Mission from Oman with potential investors and key stakeholders.

“Mpumalanga Province’s growing employment is testament to MEGA’s efforts to create an enabling environment for businesses to invest.

MEGA will continue working hard on our efforts to bring more investment and create more jobs in Mpumalanga so that we can address poverty and unemployment and put a greater dent into the number of people who are still without work,” said MEGA Acting Senior Manager for Trade & Investment Promotion Mr Thulani Nobela.

In the financial year to date, the trade and investment team has now attracted
R420 million in committed investments, which will help create more than a 100 jobs in Mpumalanga.

The one project deals with prefabricated concrete with an estimated investment of R100 million, while the second project is for the establishment of a timber processing plant with an investment of R320 million.

Nobela, said: “Each new investment recorded represents a vote of confidence in the Mpumalanga Province economy, our hard working residents, and in the dedicated team at the MEGA Trade & Investment department.

These figures prove that our province is top of mind for investors, a position we hope to grow in more markets. We welcome the new investments, a testament to our work to grow jobs in this province”.

The Trade & Investments Promotion unit’s primary is to promote foreign trade by facilitating the interaction of local businesses with international counterparts and attracting foreign and domestic investment into the province of Mpumalanga.