Page 7 - HGR November 2017
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NEWSLINE 5

  Herman Breedt, President of the Johan-       expo, where face to face meetings will be     states. Today’s expo further strengthens
nesburg Chamber of Commerce & Industry         held between our delegates and captains       the relationship between our member
(JCCI) said it was always important for        of industry of the Southern African region    states as they share a common desire to
countries to broaden their trade horizons      in particular.”                               influence the global agenda of the 21st
and reduce their exposure to downturns                                                       century in a manner that reflects the
of domestic economic markets. “A trading         Bene M’Poko, Ambassador of the              aspirations of developing our regions. This
forum like this one broadens our hori-         Democratic Republic of Congo, Dean of the     expo is also important as it consolidates
zons and showcases a new region that is        Diplomatic Corps and Dean of the African      our trade and investment relationship, as
relatively unknown to South African busi-      Group, said Africa could learn from the       we look to cementing relations based on
ness,” he said.                                ASEAN region’s approach to development.       mutual and equal benefits,” she said.
                                               Among other things, ASEAN countries
  Sello Rasethaba, Chairman of the Black       have a tradition of carrying out in-depth       Highlighting South Africa’s economic
Business Council, expressed the hope that      research and then making it available to      transformation efforts and industrialisa-
the Forum would constitute a platform to       citizens, he said. “In addition, when ASEAN   tion agenda, the Minister said: “We need
strengthen and promote trade, business         countries make treaties and agreements,       to expose our own people to the advanced
and investment ties amongst African            they implement them. In Africa, we tend to    manufacturing and levels of skill and qual-
and ASEAN countries. He said Operation         forget the treaties and decisions we make.    ity out there, in order to support our own
Phakisa had been modelled on Malaysian         In ASEAN, Africa has a model to follow, and   industrialisation programmes,” she said.
development plans, and said South Africa       we need to start with agriculture,” he said.
hoped to work together with Singapore                                                          The three-day expo and forum attract-
to grow its shipping sector, among other         South Africa’s Minister of Small Busi-      ed ASEAN and pan-African dignitaries,
areas. “This comes at an opportune time.       ness Development, Lindiwe Zulu, con-          manufacturers, importers and exporters
South Africa is going through difficulty in    gratulating ASEAN on its 50th anniversary     for meetings on enhancing bilateral trade
terms of economic growth, but it is also       this year, noted the great strides the ten    and investment opportunities for these
an opportune time. We are running at an        ASEAN nations had made in terms of            fast-growing economic blocs. A second
economic deficit, so you came at the right     industrialisation. “ASEAN’s growth can        leg of AABE will be held in Singapore in
time, when you can invest in our country       impact Africa’s growth too, if we manage      August 2018, and an Indonesia-Africa
and we can also invest in your countries.      this relationship well,” she said. “South     Business Forum will be staged in Bali in
Let’s work together to take advantage of       Africa and our continent overall shares a     April 2018. For more information, visit
our good political ties to the benefit of our  rich history of collaboration and socio-      www.aabexpo.com/africa-asean-busi-
people.”                                       economic relations with ASEAN nation          ness-forum/

  Speaking at the official opening of          Lewis interim results
the Expo, Edward Liu, Group Managing           September 2017
Director of event organisers Conference &
Exhibition Management Services (CEMS),         Revenue for the interim period                rest of the financial year. Management
said the AABE series and supporting trade      remained unchanged at R2.7 billion            continues to focus on sales growth,
missions serve as a strategic platform         (R2.7 billion). Operating profit before       managing expenses, and reducing
linking businesses between ASEAN and           investment income dipped to R191.8            debtor costs.
the African Union (AU), via the commercial     million (R275.0 million). Net profit
hubs of Singapore and South Africa.            attributable to ordinary shareholders           Following the acquisition of UFO,
                                               fell to R143.4 million (R174.3 million).      the group will be well positioned to
  “Among other efforts, we have as-            Furthermore, headline earnings per            service customers across all market
sembled 27 manufacturers and technol-          share took a knock to 163.9 cents per         segments.
ogy providers from Singapore, together         share (194.8 cents per share).
with another 20 companies represented                                                          The important festive trading
by the various ASEAN embassies in South          The trading environment is ex-              season will be supported by strong
Africa as well as enterprises supported by     pected to remain challenging for the          promotional activity and new mer-
the Small Enterprise Development Agency,                                                     chandise ranges.
and the Richards Bay Industrial Develop-
ment Zone. Over the next three days we
hope to host some 2000 – 3000 trade
visitors and members of the public to the

                                               NOVEMBER 2017 | HOME GOODS RETAILER
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