PEOPLES GAZETTE
Bobby Moroe, South Africa’s Consul General in Lagos, says there are approximately 120 South African businesses in Nigeria, but in the past few years, there has been a slow withdrawal of some, especially in the retail sector.
Conversely, he said there are fewer than 10 registered Nigerian companies in South Africa, raising questions about why such was the case.
Mr Moroe spoke on Tuesday at the South Africa- Nigeria Trade and Investment Roundtable as part of activities to mark the inaugural South Africa Week.
The South African Consulate organised South Africa Week to commemorate the 29th anniversary of the country’s democracy and 29 years of formal diplomatic relations with Nigeria.
“Why are there fewer investments from Nigeria to South Africa, and yet, South Africa has so many investments in Nigeria, and what kind of opportunities do you think the South African government should create for Nigerian business in South Africa?” he said.
He noted that one of the reasons for this development could be because of visas, which was a topical issue in his day-to-day discussions.
Mr Moroe said that Nigerian businessmen and…
