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Tracking investment interest in South Africa and the Eastern Cape
The ECDC trade and investment promotion unit (TP/IP) has started to track international trends and leads of global companies wanting to invest or partner with local companies for either trade or investment-related business opportunities.
Investor signal tracking could provide possible growth opportunities for local businesses and allow them, in partnership with global companies, to expand their operations and boost the provincial economy.
According to FDI Markets, one of the tools used by the ECDC TP/IP Unit, between 2010 and 2011, there were 37 international investor signals from international companies wanting to either invest, do business, or partner with firms in South Africa and the SADC region.
THESE SIGNALS INCLUDED:
• companies wanting to find new overseas suppliers
• businesses considering new, overseas, Greenfields project
• companies looking at new investment strategies
SECTORS FOR INVESTMENT INCLUDED:
• business services
• financial services
• Automotive original equipment manufacturer (OEM)
According to an analysis carried out by ECDC, companies interested in investing in South Africa are also looking at India, Mexico, Kenya, Angola, Australia, Congo (DRC), Mozambique, Cameroon, Poland, Morocco and Indonesia.
SOURCE: FDI MARKETS & ECDC INTERPRETATION