Liaison Office of South Africa
in Taiwan, Taipei
Suite 1301, 13th FL., 205 Tun Hwa North Rd., Taipei 105, Taiwan
Tel: (02) 8175-8588 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.dti.gov.za
South African Custom Duty: http://www.sars.gov.za/home.asp?pid=180
Tariff Amendment 2012: http://www.sars.gov.za/home.asp?pid=54521
South African Exhibition: http://www.ezsa.co.za
SA-TAIWAN TRADE RELATIONS:
According to the South African Department of Trade and Industry (dti), trade between SA and Taiwan totaled R18.6bn during Jan-Oct 2013.
According to the Taiwan Bureau of Foreign Trade, during Jan-Oct 2013, SA was ranked by country as Taiwan¡¦s 30th total trade partner.
SA was ranked by country as Taiwan¡¦s 28th export partner and 31st import partner.
SA¡¦s exports to Taiwan include: bituminous coal, containing by mass more than 4 percent of carbon, aluminium (not alloyed), titanium ores and concentrates, non-alloy pig iron containing by mass 0.5 percent ore, chemical wood pulp, dissolving grades, copper waste and scrap, and containing by mass more than 2 percent of carbon, fruits.
SA¡¦s imports from Taiwan include: mineral fuels, mineral oils and product of their distillation; bituminous substances; mineral waxes, boilers machinery and mechanical appliances; parts thereof, electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles, plastics and articles thereof, vehicles other than railway or tramway rolling-stock, and parts and accessories thereof, articles of iron or steel, iron and steel, man-made filaments, organic chemicals, and man-made staple fibres.
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 for Nov 2013 was recorded at ZAR1.649bn
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?
The World Economic Forum's Global Competitiveness Report of 2010/11 ranked South Africa 54th out of 139 global nations. The cost of doing business in South Africa compares favorably to other emerging world markets.
Political and macroeconomic stability: The South African government has achieved significant successes in ensuring macro-economic stability, via the implementation of macro-economic policies directed at promoting domestic competitiveness, growth and employment.
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 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.
World class research and development - with more patents by foreign companies than any other country in Africa or Eastern Europe
Why should you invest in this emerging market?
The recent publications of some key statistics for 2010/11:
• In 2011, at 5.5%, South African interest rates were at a 30-year low.
• South Africa¡¦s debt to GDP ratio is 32% (USA 100%, Japan 200%, UK 90%). The World Bank recommends a ratio of 60%.
• South Africa sold $1.8 billion worth of cars to the US in 2010, putting us ahead of Sweden and Italy as suppliers to the US export market.
• South Africa exported 36.9% more vehicles in 2010 than 2009.
• The South African stock market rose 16.09% in 2010, ranking 8th out of the G20 nations and ahead of all of the G7 countries (Bespoke Investment Group).
• South Africa is ranked 1st out of 142 countries in respect of regulation of security exchanges according to the World Economic Forum Global Competitiveness Report 2011/12
• South Africa is ranked 1st in respect of auditing and reporting, according to the Global Competitiveness Report 2011/12.
• South Africa ranks 1st out of 60 countries in the Economist¡¦s House Price index for the period 1997 ¡V 2009.
• South Africa's banks rank 2nd in the world for soundness, according to the Global Competitiveness Report 2011/12.
• The South African Rand was the second best performing currency against the US Dollar between 2007 and 2011, according to Bloomberg¡¦s Currency Scorecard.
• SA ranked 1st in Platinum output, 2nd in Palladium output, 3rd in Gold output, 6th in Coal output and 9th in wool output. (Economist)
• SA is ranked 2nd out of 183 countries for good practice in protecting both borrowers and lenders when obtaining credit for business (World Bank Doing Business Report 2011)
• SA is ranked 3rd in the world for protection of minority shareholders interests, according to the Global Competitiveness Report 2011/12.
• South Africa ranked 6th in house price improvement indices as a % change in 2009, and 1stas a % change 1999/2009. (Economist).
• SA is ranked 10th out of 142 countries for Strength of Investor Protection, according to the Global Competitiveness Report 2011/12.
• SA is ranked 10th out of 183 countries for good practice in protecting investors in business. (World Bank Doing Business Report 2011).
• South Africa ranks 11th out of 60 countries in the "Big Mac Index 2011" behind China, Hong Kong, Malaysia, Thailand, Russia and Egypt. The relative price of a Big Mac went down by 29% in South Africa. In Norway, it went up by 118%.
• South Africa is ranked 12th out of a total of 134 economies in the World Economic Forum¡¦s Global Gender Gap Report 2010, ahead of many developed nations, including, the UK (15th), United States (19), Canada (20), Australia (23) and France (46).
• South Africa ranked 15th in terms of "largest deficits" but as a percentage of GDP is not in the top 40 countries. (Economist).
• The JSE ranks 16th in terms of "largest market capitalisation" and 19th in terms of largest gains. (Economist)
• SA is ranked 23rd out of 81 countries in the Jones Lang LaSalle's "World's most Transparent Real Estate Markets" placing it well ahead of China, Brazil, India and Russia. "Robust governance, strong auditing and a developed legal system" were cited as the main reasons for leading the developing markets in this rating.
• South Africa ranks 24th out of 192 countries in the Economist¡¦s "Largest Gold Reserves" Index and 30th in terms of official US$ reserves.
• In a survey of 192 countries, South Africa¡¦s unemployment as a percentage of economically active population ranked 27th.
• SA ranks 28th in terms of number of cars produced and 18th in terms of number of cars sold. (Economist).
• South Africa is ranked 34th out of 183 countries for ease of doing business according to Doing Business 2011, a joint publication of the World Bank and the International Finance Corporation.
• South Africa ranks 41st out of 192 countries in the Economist¡¦s "Biggest Exporters" Index.
• South Africa ranked 50th out of 142 countries in the World Economic Forum¡¦s Global Competitiveness Report 2011/12, up from 54th in 2010/11.
• South Africa ranks 54th in a comparison of the overall tax burden of 150 countries worldwide.
• South Africa ranks in the top 20 countries for agricultural output.
• According to a survey of 62 countries by the World Bank and the IMF, South Africa has the 36th highest foreign debt, ahead of the US, Japan and all the European countries surveyed. The economist ranks South Africa 29th out of 60.
How to do Business in SA
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.
¡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.
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 (http://www.fs.gov.za)
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.mpumalamga.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 (http://www.capegateway.gov.za)
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. E/Cape Development Corporation (http://www.ecde.co.za) - (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 Investment Promotion Agency (http://www.fdc.co.za) - (FIPA)
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