Liaison Office of South Africa
in Taiwan, Taipei
Suite 1301, 13th FL., 205 Tun Hwa North Rd., Taipei 105, Taiwan
Tel: (02) 2715-2295 Fax: (02) 2712-5109
Please click here to
form for trade enquiry
Trade and Investment
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.
For trade and investment inquiry, please contact Trade Section of the Liaison Office of South Africa:
Tel: (02) 8175-8577
Fax: (02) 2712-5109
* 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:
Department of Trade and Industry http://www.thedti.gov.za
South African Custom & Excise:
Tariff Amendments 2015:
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
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 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
How to do Business in SA
Where to Start:
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
¡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.
¡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
¡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.
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
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)
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)
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.
Central to the New Growth Path is a massive investment in infrastructure as a critical driver of jobs across the economy.
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.
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.
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 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.
South Africa citizens residing in Taiwan - why is it necessary to register at our offices ?
Schools, universities and other academic institutions who wish to request an informational briefing,
please enter here
Members of the travel industry who wish to request an audio -visual presentation on South African tourism, please enter here.
S A I I A A T E F