South Africa-Angola Chamber of Commerce celebrates advisory investment milestone

South Africa-Angola Chamber of Commerce celebrates advisory investment milestone

The South Africa-Angola Chamber of Commerce (SA-ACC) last week celebrated the 2500th occasion on which it met, briefed and advised South Africa-based companies interested to invest in Angola on how to make the Angolan market work.

The body was established in 2003 by close to 250 companies which were at the time attracted to the Angolan market in the aftermath of the death of UNITA rebel leader Jonas Savimbi – an event that brought the 27-year civil war to a standstill.

SA-ACC chief executive Roger Ballard-Tremeer said these companies needed a business association to provide the necessary and independent trade and investment support to make business happen.

Ballard-Tremeer is the former South African ambassador to Angola.

He said most of these 250 companies have continued to develop mutually profitable relationships with Angolan partners.

Angola is Africa’s second-biggest oil producer after Nigeria, and it also boasts many natural resources including diamond, gold and timber. Its capital city Luanda is one of the most expensive cities in the world.

South African companies that have invested in Angola include:
•    Nampak/Bevcan owns Angolata which is the only manufacturer of beverage cans in Angola and dominates quite a large market

•    Dawn Group/DPI Plastics owns Fibrex (plastic pipes and fittings for building and construction industry

•    Barloworld owns Barloworld Equipamentos which represents Caterpillar heavy equipment and is the leading heavy equipment supplier

•    The Shoprite Group: owns the chain of Shoprite supermarkets, chain of Usaves, House and Home, and Hungry Lion fast food

•    Du Roi of Tzaneen supplier of the disease-free banana seedlings planted in most, if not all, of the banana farms in Angola

•    Hollard Insurance, supplier of specialised insurance products into the Angolan market via the Nosso Seguros Insurance House

•    Danone, supplier of dairy products into the Angolan market via a local distributor

•    Many other SA suppliers of FMCG goods including perishables

South African companies operating in the oil and gas sector are:
•    Velosi, supplier of highly specialised staff in the oil and gas industry via a local partner

•    ERM, provider of EIA services in the oil and gas industry via a local partner

•    First Battery, supplier of batteries in the oil and gas market via local partners

•    Cummins, supplier of generators in the oil and gas market via a local partner, and many more

Asked whether these companies are still in touch with the SA-AC, Ballard-Tremeer, the former South African ambassador to Angola, told Moon of the South: “Usually companies use the SA-ACC before, during and after the start-up of their investment or trading foray in Angola.

“Once they settle down they use the body for problem solving from time to time, and many use the SA-ACC for visa and work permit application support services.”

The former ambassador also met with Lesley Simpson and Maria Djordjevic, of LSC, a South African public relations and marketing company which has shown a particular interest in the Angolan travel and tourism industry.

Photo: Angola’s capital city Luanda

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