Bangladeshi entrepreneurs in Pretoria, South Africa have said mining industry is the biggest sector in South Africa and the Bangladeshi investors can explore this area apart from opportunity in real estate business and RMG sector.

They said it is easy to prepare business  documents in South Africa making it easier to initiate business in the country.

Foreign Minister Dr AK Abdul Momen joined an exchanges of opinion session with Bangladeshi entrepreneurs in Pretoria recently.

The Bangladeshi entrepreneurs informed that according to the law of South Africa anyone including foreign nationals can purchase land there following legal procedures.

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So, there exists opportunity for Bangladeshi investors to buy and develop land in South Africa.

They suggested that real estate business in South Africa could also be explored by Bangladesh investors.

The Bangladeshi entrepreneurs heartily welcomed the Foreign Minister and expressed their profuse compliments for his interest in developing the trade and business opportunities for the Bangladeshi businessmen and entrepreneurs, who are living in South Africa.

During the discussion session, the Bangladeshi entrepreneurs identified that South Africa is the business hub for Southern African countries.

They informed that the neighbouring countries of South Africa do not have sea ports and import from or through South Africa.

Bangladeshi entrepreneurs opined that Bangladeshi garments manufacturers therefore should consider exporting their products to South Africa.

They also informed that the South African farmers produce fruits, vegetables, poultry and dairy products in their vast land and some lands are being left by the producers.

Bangladeshi investors can consider purchasing  such land and invest in agro- based industries like fruits and vegetables production and processing, they said.

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The Bangladeshi entrepreneurs and businessmen also expressed view that by following the required banking procedures, Bangladesh expatriates would be able to keep money in their own accounts. 

They also advised that branches of Bangladeshi banks can be opened in South Africa with full operational capacity.