Investment Promotion

Strategic Objective: To facilitate and promote domestic and foreign direct investment 

MEGA hosted the Consulate General of India Mr Randhir Jaiswal in Mpumalanga Province on 14th and 15th January 2015. The purpose of the visit was for him to interact with the business community of Mpumalanga, and inform them of the new economic development in India, since the elections in that country in 2014. Meeting were arranged for him to meet with the following business organisations, their officials and members: Middelburg Chamber of Commerce, NAFCOC, and KLCBT. The Consul General also met with MEGA CEO and its EXCO.

MEGA’s Trade and Investment Promotion Division participated in the Department of Trade and Industry (the dti) led Investment and Trade Initiative ITI Mission to India form the 23 to the 27 February 2015. The Trade and Investment Mission targeted the cities of Hyderabad and Kolkata. Forty business enquiries were received during the ITI India Mission.

MEGA’s Trade and Investment Promotion Division has been actively involved since the beginning of March 2015 in the facilitation process of Masorini Steel Project – Hebei Iron & Steel Group Co., Ltd (HBIS) & Industrial Development Corporation (IDC).This includes inter-alia the interactions between the investors and stakeholder related to inter-alia the supply of water, power , infrastructure, land and so on.

Investments valued at R220m implemented
Investment Promotion to intensify international marketing around the Nkomazi SEZ.

200 jobs created
To focus and promote investment in labour intensive sectors of Provincial economy.

480 investors assisted
To increase awareness of Investment Promotion services – e-marketing strategy to be developed in cooperation with Corporate Communications.

Chances to planned targets
There were no changes in performance indicators during the year