Trade and Investment KwaZulu-Natal CEO Neville Matjie says the province could recover by becoming a leading exporter to the world's multitrillion-dollar halaal industries.
Neville Matjie says KwaZulu-Natal was well positioned to become a leading exporter in the growing international halaal industries.
KwaZulu-Natal was hit hard by last year's unrest in July, in the midst of an ongoing pandemic to boot. But as it works toward recovery, one think tank is optimistic that it can lead the way in an industry with 500 million consumers across Africa and which brings in trillions of dollars in revenue globally.
The agency's move to target the halaal market is not occurring in isolation. Matjie says when the unrest occurred, TIKZN immediately mobilised a key security cluster response led by KwaZulu-Natal Premier Sihle Zikalala to assist affected businesses. "We have started focusing on the manufacturing of halaal products. There are an estimated 500 million Muslims in Africa alone and this is a huge opportunity for Durban. It creates an opportunity to export products to these regions.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
South Africa and neighbouring countries urged to prioritise inter-African tradeSouth Africa and neighbouring countries need to prioritise inter-African trade to be competitively placed for the halal market.
Read more »
February trade surplus comes in lower than expectedThe Bureau for Economic Research’s estimate for February was for more than R20bn
Read more »
Trade of the Month: Spar vs MassmartPairs trade: core long Spar and opportunistic short Massmart? 🔒
Read more »
Want to trade the markets? Start the smart wayRemember, your money will be on the line. Even though there's a good chance of earning a profit.
Read more »
Congo joins East African Community trade bloc - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The East African Community (EAC) trade bloc is set to admit the Democratic Republic of Congo (DRC) as its seventh member on Tuesday, the EAC said, adding a population of 90 million people to its common market.
Read more »
Avocado prices surge to a 24-year highAvocado prices jumped to the highest in more than two decades amid tightening supplies in Mexico, the world’s biggest exporter of the fruit, signaling pricier guacamole. Moneyweb Inflation
Read more »