The college will take a delegation of about 40 people on the trade mission to Johannesburg and Pretoria on Oct. 5-13, said Dr. Okoroafor Nzeh, the chairman of the department of business administration at Paine College. Nzeh will attend the trade mission with several faculty members and students.
The cost for business owners is $6,000, which includes travel and lodging. Most meals and incidentals will be the responsibility of each participant.
Paine College was awarded a $75,000 grant by the UNCF Special Programs Corp. as part of the group’s Global Entrepreneurship Initiative, Nzeh said.
Other colleges participating are Alabama State University, Prairie View A&M University, St. Augustine College and North Carolina Central University.
“The money will be utilized to look at the global perspective of engaging United States entrepreneurs with other countries of the world,” Nzeh said. “We choose to go to South Africa because we want to engage with South African businesses.”
The grant is also being used to develop an entrepreneurship course at Paine, which will include certification, he said.
Nzeh said South Africa was a logical choice because it is a free market economy and has a conducive political system. It is also the world’s largest supplier of platinum, chromium and manganese, he said.
The mission will bring together delegates from U.S. industry, government and historically black colleges with South African business and government leaders. Participants will receive market information, embassy briefings and one-on-one meetings with South African business contacts for U.S. companies that plan to enter or expand their presence in South Africa.
There will also be visits to South African facilities where a U.S. company’s service might be applicable.