Doing Business in South Africa
Welcome to the Pretoria office of the Export to Group in South Africa. Our business exists to help businesses like yours develop and prosper in the rapidly developing markets of the Africa. We offer market entry and ongoing support to international companies who have selected South Africa either as a target market or the entry point to the entire African market for their products, services or technologies. We also offer our African clients assistance regarding investment and trade opportunities in other markets where we have a local presence and will match their sourcing needs with the appropriate products and services from the best possible suppliers around the globe.
Export to South Africa- a few facts and figures
The country is the largest economy in Africa and a regional hub that can act as a gateway into the Sub-Saharan Africa market for international companies. South Africa has enjoyed broad political stability, with relatively strong and independent institutions. South Africa is a resource rich country with opportunities in several sectors, including mining, power, infrastructure, rail, aerospace, agriculture and light manufacturing. South Africa benefits from a well developed financial sector and modern infrastructure, making it an important investment destination for many companies with international aspirations. We see good export and investment opportunities across a wide range of sectors that match the capabilities of ambitious businesses. South Africa is a member of the Southern African Development Community (SADC) and has recently joined the BRICS.
South Africa has a strong services sector. The government has set up an infrastructure upgrade programme to reduce infrastructure problems in energy, transport and water. The programme should help create short term employment and help enable the economy to grow in the longer term.
The top sectors presenting major project opportunities are:
finance, real estate and business services
general government services
wholesale, retail, catering and accommodation
In January 2014, the South African Reserve Bank increased interest rates for the first time in 18 months. It also cut the growth forecast from 3% to 2.8%. There are mixed assessments over how this will affect the economy. However current high value and infrastructure opportunities are worth £90 billion. Further projects until 2020 are planned and are worth £270 billion. The Southern African Development Community (SADC) has a plan in place to boost regional trade which will significantly increase the opportunities for international companies making efforts to do business in the market.
Infrastructure projects will cover the following areas:
power, including green energy (£28 billion projected spend)
water and sanitation
rail and ports (£22 billion upgrade developments planned)
hospitals and healthcare
schools and universities
urban regeneration projects, low cost housing and government buildings
In general terms small to medium sized companies involved in the following industries should contact us immediately to discuss opportunities in the following business sectors
Machinery - Packaging, Industrial & Analytical Instruments
Oil and Gas
Plastics and Chemicals