EDC explores South African business opportunities

    JOHANNESBURG, South Africa, June 25 /CNW Telbec/ - Canadian companies are
well-positioned to be involved in infrastructure and other key business
opportunities in South Africa, said Stephen Poloz, Senior Vice-President of
Financing Products Group, Export Development Canada (EDC).
    "There are plenty of opportunities for Canadian businesses to help South
Africa build much-needed infrastructure, from green building solutions to
transportation to communications technologies to the investments being made
leading up to the 2010 World Cup in construction and infrastructure," Mr.
Poloz told senior business leaders from South Africa and Canada at a reception
hosted jointly by EDC and the Canadian High Commission.
    Mr. Poloz and EDC's Ottawa-based Chief Representative for Africa and the
Middle East, Rizwan Haider, are in South Africa this week for high-level
meetings with South African buyers, Canadian exporters and local banks.
    In the first five months of 2009, EDC business in South Africa is running
well ahead of last year with CAD 310 million in business facilitated based on
a significant increase in information and communications technology
    Last year, EDC facilitated CAD 412 million in trade and investment in a
diverse range of sectors of the South African economy such as: extractive,
information and communication technology, infrastructure and environment,
light manufacturing, resources, and transportation.
    "South Africa has been directly impacted by the global slow down, along
with virtually every other country, and the authorities are responding with
much-needed infrastructure projects," said Mr. Poloz. "EDC is working
alongside colleagues from the Department of Foreign Affairs and International
Trade Canada to create new trade opportunities when global trade is faltering
and risks are high."

    EDC is Canada's export credit agency, offering innovative commercial
solutions to help Canadian exporters and investors expand their international
business. EDC's knowledge and partnerships are used by more than 8,300
Canadian companies and their global customers in up to 200 markets worldwide
each year. EDC is financially self-sustaining, a recognized leader in
financial reporting and economic analysis, and has been recognized as one of
Canada's Top 100 Employers for eight consecutive years.

For further information:

For further information: Media: Phil Taylor, Export Development Canada,
(613) 598-2904, Blackberry: ptaylor@edc.ca; Rizwan Haider, Export Development
Canada, (613) 598-3234, rhaider@edc.ca

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