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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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 products/importers in Taiwan

                        Trade and Investment

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Celebrating 20 Years of Freedom and Democracy

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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:

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

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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 the economic powerhouse of the African continent, with a Gross Domestic Product (GDP) of R2,3 trillion (US$309bn) - four times that of its Southern African neighbours, and comprising 30% of the entire GDP of 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.


The World Bank Group's report; Doing Business 2010, ranked South Africa 34 out of 183 economies, in terms of the ease of doing business.

 

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 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

 

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


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.

 

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 (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 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.

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.

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.

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.

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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