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the dti Warns About Possible Scam Targeting Businesses Looking to Conduct Trade and Investment with the Rest Of Africa
It has come to the attention of the Department of Trade and Industry (
) that a company by the name of Intergovernmental Development Marketplace (IGDMp) is circulating a letter to companies inviting them to participate in a Trade Invest Africa initiative at a cost of R7 500.
The company falsely claims that it is running a programme in partnership with the
to assist companies to participate in the Intra-Africa marketplace, and to be preferred suppliers or contractors to provide goods and services to all African countries in a government-to-government procurement programme.
Minister of Trade and Industry, Dr Rob Davies launched Trade Invest Africa (TIA) which is an initiative of
, in July this year. TIA is the arm of
that coordinates and implements South Africa's economic strategy for Africa, premised on the development integration approach. The initiative focuses on advancing the priorities for Africa set out in the Industrial Policy Action Plan (IPAP) and the National Export Strategy, as well as the opportunities uncovered through continental trade negotiations.
The Acting CEO of TIA, Ms Lerato Mataboge says neither
nor TIA has entered into any partnership with IGDMp or has had any discussions with the company’s Executive Director, who is listed as a Professor Clough Marshall in the letters that are being sent to companies.
“As a government department, we are providing a free service to companies interested in investing in various parts of Africa or conducting trade with other companies from across the continent. We are not working with any private company to provide this service. We suspect this is a scam by an unscrupulous group of individuals who are using information from
website, including the logo, to illegally dupe unsuspecting people. We would like to advise companies that have already paid money to this company to report to the police,” says Mataboge.
Any company that is approached to pay for a service to be rendered by Trade Invest Africa or
Call Centre on 0861 843 384 or 012 394 9500 to report the matter.
Sidwell Medupe - Departmental Spokesperson
Tel: (012) 394 1650
Mobile: 079 492 1774
Issued by: The Department of Trade and Industry
Follow us on Twitter: @the_dti