The Embassy in Portugal organised a Trade & Investment Seminar “South Africa: Business Opportunities in the Automotive sector” in close cooperation with Cefamol, the Portuguese Moulds & Tooling Association. The event took place in Marinha Grande (north of Lisbon) on 1 February 2017.

The seminar was jointly hosted by Ambassador MJ Gaoretelelwe and Mr J Faustino, the President of CEFAMOL, and aimed at creating a bigger awareness of the South African market potential as a stable and sophisticated trade & investment destination specifically in the automotive sector.

Mr Jorge Maia, Head of Research: Economic Studies at the IDC was the invited keynote Speaker. The programme further included AICEP, the Portuguese Trade & Investment Agency, and a case-study of a Portuguese company (CR Moulds) which has invested in the automotive sector in South Africa. The Closing Remarks were be made by Mr Manuel Oliveira, Secretary General at CEFAMOL, who used the opportunity to announce a EU funded trade mission to South Africa in April 2017 which includes a visit to the NAACAM Show in Durban.