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The Nigerian-South African Chamber of Commerce is one of the most dynamic Chambers of Commerce in Nigeria. Nigerian-South African Chamber of Commerce (NSACC as it is fondly called) is a bilateral organization that was formed in May 2000 to promote trade relations between Nigeria and South Africa. |
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Foluso Phillips, Chairman
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Toyin Cameron, Executive Secretary
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This is done through a variety of Business Networking Forums, Trade Missions to and from Nigeria and South Africa, amongst others.
Since the inauguration of NSACC, trade between the two countries has grown tremendously, this is a testimony to the fact that the NSACC has been a veritable economic tool responsible for the increment in the trade between Nigeria and South Africa. In the year 2000, the level of trade between the two countries was at $16million; in the year 2010 the level of trade had gone up to $2billion.
Furthermore, NSACC has been a catalyst to the increasing number of South African Companies doing business in Nigeria and also in Nigerian Companies doing business in South Africa. We bring together regularly, Government and Private bodies. This is done through our sector led events and topical forums.
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The membership strength of the Chamber as at August 2011 is three hundred financial members all of which are corporate members. We have a 95% member retainership rate. Membership comprises fully Nigerian owned firms, South African firms and those with ownership by both Nigerian and South African investors.
NSACC’s membership activities cover almost the whole spectrum of business activities in Nigeria, including: banking/finance services; manufacturing; insurance; advertising; accounting/auditing; management consulting; airline services; broadcasting; engineering; law; freight; hospitality; health/pharmaceuticals; oil and gas; property; telecommunication; stock brokering; and information technology. Membership is spread all over the country with specific presence in Lagos, Abuja, Port Harcourt, Kaduna, Kano, Gombe, Ibadan and Onitsha.
We have an increasing number of South African firms that have indicated interest in joint partnership with Nigerian firms and other forms of economic cooperation. This is further facilitated by our regular Trade Missions, and our collaborations with the Economic Arm of the South Africa High Commission in Nigeria. We work with the South Africa’s Department of Trade officials in Nigeria and we constantly receive Trade Delegates from South Africa.
The objectives of NSACC are lofty but are quite achievable. They are to: promoting bilateral trade and investment between Nigeria and South Africa; to represent members affected by changes in Nigeria and /or South African legislations; to serve as an interactive lobby for Nigerians and South African having commercial interest in Nigeria - through the organizing of regular monthly business breakfast. This is achieved with prominent South African and Nigerian speakers, featuring current topics on bilateral trade and providing an ideal environment for business contacts and information exchange.
Other objectives of NSACC are: to conduct regular sector specific seminars with the aim of encouraging members to meet and discuss problems of mutual interest; to maintain close liaison with officials in government departments and representative bodies concerned with furthering Nigerian-South African trade and industrial relationships; to publicize the views of the Chamber on matters of common interest in the Chamber’s monthly newsletter; ‘NSACC news’ and the Chamber website; to hold a data bank of information to members wishing to obtain advice on matters relating to Nigerian- South African trade and industry, to update regularly a relevant list of contacts for Nigerian and South African importers and exporters. NSACC also notifies members of current South African and Nigerian trade fairs and specialized exhibitions and provides reference to domestic and foreign supply sources and information on tariffs and customs procedures.
For International Business partnerships; enquiries about South African Businesses; creation of a platform for contact making, and other business related features; the solution is at your fingertips - Nigerian-South African Chamber of Commerce - your one stop solution. Visit our website - www.nsacc.org.ng - for regularly updated information Foluso Phillips Chairman on our forums and events.
