Liaison Office of South Africa

                    in Taiwan, Taipei                                                           

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                              Suite 1301, 13th FL., 205 Tun Hwa North Rd., Taipei 105, Taiwan

                              Tel: (02) 8175-8588           Fax: (02) 2712-5109

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Please click here to

 download application

 form for trade enquiry

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2014 South Africa Project Book

 Investment Opportunities

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Useful Links:

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For the latest economic and financial data for South Africa; June 2014:

 

http://wwwrs.resbank.co.za/

webindicators/

EconFinDataForSA.aspx

 

To establish a company in South Africa please access the following website: Companies and Intellectual Property Registration Office: www.cipro.co.za

 

For general trade statistics and investment incentives: The Department of Trade and Industry South Africa: www.thedti.gov.za

 

For customs ,anti-dumping and countervailing issues: The International Trade Administration Commission of South Africa: www.itac.org.za

 

For tax related issues: South African Revenue Service: www.sars.co.za

List of South African product importers in Taiwan

                        Trade and Investment

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TRADE AND INVESTMENT

Trade remains a fundamental cornerstone between South Africa and Taiwan.

We thank the Ministry of Economic Affairs, the various Business Organisations / Associations and the individual business persons for their continued support for growing trade relations between SA and Taiwan.

This year, SA looks forward to enhancing and strengthening cooperation between our two business sectors within the automotive, agro-processing and SMMEs sectors.

SA is fast becoming an important investment destination for many global companies in order to capitalise on the growing consumer market.

The role of the Liaison Office of South Africa:

A primary function of the Trade Office in the Liaison Office of South Africa (LOSA) is to facilitate and provide information with regard to trade related queries.

Contact details:

For trade and investment inquiry, please contact Trade Section of the Liaison Office of South Africa:

Tel: (02) 8175-8577

Fax: (02) 2712-5109

E-mail: south.africa@msa.hinet.net

 

* We have included a trade request form for you to fill in so that we can provide accurate and pertinent information relating to your enquiry. The information you provide is voluntary and is treated as confidential.

For additional introduction on trade issues and opportunities in SA:

National Development Plan 2030

The Nine-Point Plan for Economic Recovery

Industrial Policy Action Plan (IPAP)

Department of Trade and Industry http://www.thedti.gov.za

South African Custom & Excise:

http://www.sars.gov.za/ClientSegments/Customs-Excise/Pages/default.aspx

Tariff Amendments 2015:

http://www.sars.gov.za/Legal/Secondary-Legislation/Tariff-Amendments/Pages/Tariff-Amendments-2015.aspx

South African Exhibition: http://www.exsa.co.za

 

SA-TAIWAN TRADE RELATIONS:

According to the South African Department of Trade and Industry (dti), trade between SA and Taiwan totaled R4.320 billion during 2Q 2016.

 

According to the Taiwan Bureau of Foreign Trade, during Jan-Jun 2016, SA was ranked by country as Taiwan¡¦s 36th total trade partner.  SA was ranked by country as Taiwan¡¦s 34th export partner and 36th import partner.

 

According to the Directorate General of Customs, Ministry of Finance, ROC, total trade between SA and Taiwan during Jan to Jun 2016 was recorded at USD592.182 million.

SA¡¦s exports to Taiwan include: Ferro-chromium, containing by weight more than 4% of carbon, Other maize (corn), Bituminous coal, Sedan (including convertible, sports) and station wagons, of a cylinder capacity exceeding 1,500 cc but not exceeding 3,000 cc, Titanium ores and concentrates, Refined copper, cathodes and sections of cathodes, unwrought, Aluminium, not alloyed, unwrought, Chemical wood pulp, dissolving grades, Ferro-manganese, containing by weight more than 2% of carbon, Bullions, gold, non-monetary.

SA¡¦s imports from Taiwan include: Solar cell, Other polystyrene, in primary forms, Parts and accessories of the machines of heading, Other tubes, pipes and hollow profiles, welded, of circular cross-section, of stainless steel, Parts and accessories for other motor vehicles, Telephones for cellular networks or for other wireless networks, Bicycles, Other screws and bolts, whether or not with their nuts or washers, of iron or steel, Other knitted or crocheted fabrics of synthetic fibres, dyed, Expansible polystyrene.

Taiwanese companies that operate in SA are focused mostly in Manufacturing, Service, Trading, & Wholesale Sectors.

 

Latest Available Trade Data:

According to the dti, total trade between SA and Taiwan during Jan to Nov 2015 was recorded at ZAR17.6bn

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INVESTMENT IN SOUTH AFRICA

For an overview of the investment process, opportunities, incentives schemes and reasons why South Africa remains one of the world¡¦s most attractive investment destinations.

 

Why Invest in South Africa?


South Africa is one of the most sophisticated and promising emerging markets globally.

South Africa is ranked by the World Bank as an ¡§upper middle-income country¡¨. South Africa is the second largest economy in Africa. In 2014, the World Bank listed its GDP at $350.1-billion (R5.416-trillion) and its population at 54 million. Per capita GDP is $6 483, according to the World Economic Forum.

The World Economic Forum's Global Competitiveness Report of 2015-2016, South Africa is ranked 49th in its Global Competitiveness Index out of 140 economies, up from 56th in the previous reporting period. It ranked the country first for strength of auditing and reporting standards as well as financing through local equity market. South Africa was also ranked 12th for financial market development; it ranked 29th for market size, 33rd for business sophistication and 38th for innovation, out of 140.

The World Bank Group¡¦s report; Doing Business 2015, ranked South Africa 73 out of 189 economies, in terms of the ease of doing business.

Political and macroeconomic stability: South African is politically stable and has a well capitalised banking system, abundant natural resources, well developed regulatory systems as well as research and development capabilities, and an established manufacturing base.

One of the main reasons for South Africa becoming one of the most popular trade and investment destinations in the world is due to the country ensuring that it can meet specific trade and investment requirements of prospective investors.

The potential of the South African economy is evident in its diversity of sectors and industries. It offers world class clusters in environmental technologies, ICT, transport equipment, creative industries and financial services.

South Africa possesses a large resource base of skilled, semi-skilled and unskilled labour. The South African government has introduced wide-ranging legislation to promote training and skills development and fast-track the building of world-class skills and competences.

South Africa has very competitive labour costs. For professional jobs, labour costs are less than half of the cost of European countries. For manufacturing jobs, labour costs are around 1/3 cost of Europe.

South Africa boasts one of the most modern and extensive transport infrastructures in Africa and boasts a world class financial infrastructure

World class research and development - with more patents by foreign companies than any other country in Africa or Eastern Europe

South Africa Yearbook 2014/15

http://www.gcis.gov.za/content/resourcecentre/sa-info/yearbook2014-15  

 

 

How to do Business in SA


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Where to Start:

 

A good guide for investors about the dynamics and principles involved in the South African business environment is the Investor's Handbook Publication [PDF]. @ www.thedti.gov.za

The following issues are covered in this publication:

 

¡P        Entry and residence of foreign investors and expatriate labour;

¡P        Foreign exchange control;

¡P        Business entities and registration;

¡P        Sources of finance for the foreign investor;

¡P        Property and licences, including intellectual property, cellular and

         banking licences as well as prospecting and mining rights;

¡P        Land - acquisition, rezoning, sub-division and transfers;

¡P        Site development, including information about building permits,

         environment assessment, electricity, water and telephones;

¡P        Importing and exporting, which includes information about import and

         export permits, registration, customs, payment deferment, duty drawback,

         bonded warehouses and manufacturing under rebate;

¡P        Tax registration for businesses, which includes information on tax

         registration, value-added tax, employee tax, regional levies and

         accounting policies;

¡P        Other relevant laws, such as competition, environmental and labour laws; and

¡P        Contact information for the labour sector, national investment agencies and

         the provincial promotional agencies.

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Investment Facilitation:

 

¡P        General information on investing in South Africa and the business environment;

¡P        Detailed information for potential investors, on the various economic sectors

         in South Africa;

¡P        Providing finance to explore investment opportunities in South Africa;

¡P        Facilitating your company's investment;

¡P        Facilitating direct government support in the form of incentives for

         your investment;

¡P        Aftercare / ongoing contact and problem-solving, after your company invested

         in South Africa.

 

Facilitating your company's investment:

The Department of Trade and Industry (the dti) offers a service by liaising with regulatory institutions and other government departments to resolve bottlenecks, such as residency permits, zoning of land as well as other regulatory matters. The offering is targeted at local and foreign companies, which includes new and existing businesses. 

The dti's Trade and Investment South Africa (TISA) can assist businesses with resolving bureaucratic bottlenecks, and will act on behalf of clients to reduce lead-time for investment processes. All current and potential investors qualify for this offering.

To benefit from this offering, investors should contact TISA (Investment Promotion and Facilitation), which is best positioned to provide this service.

To enquire about this offering or for more information, contact the dti Customer Contact Centre (RSA) 0861 843 384 or (International) +27 (12) 394 9500, and ask for Investment Promotion and Facilitation.

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Investment in SA¡¦s Provinces:

For more details information on the nine different Provinces within South Africa from an investor¡¦s perspective see:

1.     Eastern Cape Provincial Government (http://www.ecprov.gov.za)

2.     Free State Provincial Government

       (https://www.govpage.co.za/free-state-provincial-government.html)

3.     Gauteng Provincial Government (http://www.gautengonline.gov.za)

4.     KwaZulu-Natal Provincial Government (http://www.kwazulunatal.gov.za)

5.     Limpopo Provincial Government (http://www.limpopo.gov.za)

6.     Mpumalanga Provincial Government (http://www.mpumalanga.gov.za)

7.     Northern Cape Provincial Government (http://www.northern-cape.gov.za)

8.     North West Provincial Government (http://www.nwpg.gov.za)

9.     Western Cape Provincial Government (https://www.westerncape.gov.za/your_gov/70)

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Provincial Investment Promotion Agencies (PIPAS):

1.     Trade & Investment Kwa-Zulu Natal (http://www.tikzn.co.za) - (TIK)

2.     Trade & Investment Limpopo (http://www.til.co.za) - (TIL)

3.     Eastern Cape Development Corporation (http://www.ecdc.co.za/ecdc/index.asp)

        - (ECDC)

4.     The Western Cape Investment and Trade Promotion Agency ¡V

        South Africa  (http://www.wesgro.co.za) - (WESGRO)

5.     Gauteng Economic Development Agency (http://www.geda.co.za) - (GEDA)

 6.     Mpumalanga Economic Growth Agency (http://www.mega.gov.za) - (Mii)

 7.     Free State Development Corporation (http://www.fdc.co.za) - (FDC)

 

The New Economic Growth Path

Government, under the leadership of Minister Ebrahim Patel, on 23 November 2010 released the Framework of the New Economic Growth Path aimed at enhancing growth, employment creation and equity. The policy¡¦s principal target is to create five million jobs over the next 10 years. This framework reflects government¡¦s commitment to prioritising employment creation in all economic policies. It identifies strategies that will enable South Africa to grow in a more equitable and inclusive manner while attaining South Africa¡¦s developmental agenda. 

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Central to the New Growth Path is a massive investment in infrastructure as a critical driver of jobs across the economy.

  • The framework identifies investments in five key areas namely: energy, transport, communication, water and housing. Sustaining high levels of public investment in these areas will create jobs in construction, operation and maintenance of infrastructure.
  • The new growth path sees the infrastructure programme as a trigger to build a local supplier industry for the manufacture of the components for the build-programme.
  • Specific measures, particularly changes to procurement policy and regulations, are identified to ensure that this is achieved. Risks include the still fragile global recovery; competition and collaboration with the new fast-growing economies; and competing interests domestically.

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The New Growth Path identifies five other priority areas as part of the programme to create jobs, through a series of partnerships between the State and the private sector.

  • Green economy: expansions in construction and the production of technologies for solar, wind and biofuels is supported by the draft Energy on Integrated Resource Plan. Clean manufacturing and environmental services are projected to create 300 000 jobs over the next decade.
  • Agriculture: jobs will be created by addressing the high input costs and upscaling processing and export marketing. Support for small holders will include access to key inputs. Government will explore ways to improve working and living conditions for the country¡¦s 660 000 farm workers. The growth path also commits the Government to unblocking stalled land transfers, which constrain new investment.
  • Mining: calls for increased mineral extraction and improving infrastructure and skills development. It focuses support for beneficiation on the final manufacture of consumer and capital goods, which can create large-scale employment. It foresees the establishment of a state mining company concentrating on beneficiation and enhanced resource exploitation in competition with a strong private mining sector.
  • Manufacturing: calls for re-industrialisation in the South African economy based on improving performance through innovation, skills development and reduced input costs in the economy. The document targets a doubling of South Africa¡¦s research and development investment to 2% of gross domestic product by 2018.
  • Tourism and other high-level services: hold employment potential and the framework calls for South Africa to position itself as the higher education hub of the African continent.

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Smarter coordination between government and stronger partnerships with the private sector and organised labour will galvanise our resources in achieving the aims of the New Growth Path.

  • Government calls on every South African to contribute to building our nation over the coming 20 years to ensure a collective effort, creativity and solidarity.
  • Good leadership and strong governance are critical in ensuring that South Africa takes charge of the new opportunities. Government commits to cut wasteful spending, tackle corruption and align the allocation of public money with developmental priorities.
  • Government recognises that job targets can only be achieved if the State performs better and if the private sector grows in labour-absorbing parts of the economy.
  • The New Growth Path identifies measures to strengthen the capacity of the state and enhance the performance of the private sector to achieve employment and growth goals.

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The New Growth Path proposes major improvements in government, with a call for slashing unnecessary red tape, improving competition in the economy and stepping up skills development.

  • The role of government departments and agencies in meeting set targets for scarce and key skills is critical. This emphasis on skills applies across the economy and will be a centrepiece of partnership with business and labour.
  • Key targets include the aim to produce 30 000 engineers by 2014, with a focus on Mathematics and Science as well as changes to university funding formulae to achieve this, and 50 000 artisans by 2015, with annual targets for Eskom and Transnet and for individual Sector Education and Training Authority institutions to achieve this.
  • The document calls for greater focus on workplace training, targeting on-the-job training and refresher programmes for 10% of the workforce every year.
  • It also calls for measures to make it easier to import scarce skills by streamlining the work permit and visa system. This will be accompanied by a skills transfer programme to ensure that local skills development is enhanced.

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The framework identifies a ¡§development package¡¨ ¡V a coordinated set of actions across a broad front, this consists of macroeconomic strategies, microeconomic measures and stakeholder commitments to drive employment and economic growth.

  • The document recognises the challenges of an uncompetitive currency and sets out clear steps for government to address the impact of the Rand on the economy.
  • In expanding on government¡¦s tools to address inflation, a stronger role will be considered for competition policy and strategic investigations into conduct leading to high and volatile prices for intermediate inputs for producers and basic consumer goods, including important commodities such as maize, steel and fertilisers.
  • Government calls for greater focus by South African business on opportunities in Africa¡¦s fast-growing economies. This is accompanied by commitments to improve cross-border infrastructure and measures to address unnecessary regulatory obstacles to the movement of people and goods, as part of building a common market on the continent.

 

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