The African continent is poised for its markets to expand like never before, which means that these countries are also heavily focused on creating collaboration opportunities in their respective markets for international companies.
Tools and Build South Africa 2018 (TBS 2018), is incorporating four co-located shows – The Global Trade Show of Networking & Match-Making South Africa 2018, Smart Electronics and Security 2018 (SES 2018), Household and Appliances South Africa 2018 (HAS 2018), and Food and Beverage South Africa 2018 (FBS 2018) – and will take place from 27-29 July at the Gallagher Convention Centre, Johannesburg.
The Brics Summit, which consists of the five global emerging national economies, Brazil, Russia, India, China and South Africa will be hosted locally this year around the same time as TBS. This has the potential to create additional business, trade and/or investment opportunities for exhibitors and visitors.
In February, Cyril Ramaphosa took over the reins as the new president of South Africa, which opened a new era for South African economic development. President Ramaphosa has already begun to make changes to revitalise the economy. With this South Africa sees a fresh start, especially in the tools, building supplies and construction industry as a whole.
In March, an agreement to launch the African Continental Free Trade Area (AfCFTA) was signed, creating the largest free trade area on the world. Now, the most important aspect of the Continental Free Trade Area (CFTA) agreement to come into action this year, will affect the percentage of intra-African ‘export’ costs, which are currently high and report only a 15% share of the total African trade, whereas if the CFTA were in place already, it would show that the goods accounted for are set at a higher percentage of over 40%.
To date, 80% space (over 12000m2) of Halls 3, 4 and 5 of Gallagher Convention Centre is booked. Many famous brands are confirmed to exhibit at the show, while Brazil, Turkey and South Africa are committed to set up country pavilions in Hall 3.
The organisers are keeping the door open for France, Spain, Holland, Italy, Portugal and other countries who are interested in exhibiting, and the team looks forward to welcoming them to join the expo in a few weeks.
Access for pre-registered buyers is currently open and the organisers will soon start business match-making between exhibitors and those pre-registered buyers. TBS organisers will continue the match-making programme until the show opens.