South Africa of today is one of the most sophisticated, diverse and promising emerging markets globally. Strategically located at the tip of the African continent, South Africa is a key investment location both for the market opportunities that lie within its borders and as a gateway to the rest of the continent, a market of approximately one billion people.
The government of South Africa is open to green field foreign investment as a means to drive economic growth, improve international competitiveness and obtain access to foreign markets for its exports.
All business sectors are open to foreign investment. Certain sectors require government approval for foreign participation, including energy, mining, banking, insurance and defense.
Trade and Investment South Africa (TISA) TISA offers information on sectors and industries, consultation on the regulatory environment, facilitation for investment missions, links to joint venture partners in South Africa.
South Africa is the economic powerhouse of Africa and forms part of the BRICS group of countries with Brazil, Russia, India and China. It has a favourable demographic profile and its rapidly expanding middle class has growing spending power.
South Africa has a wealth of natural resources including coal, platinum, gold, iron ore, manganese nickel, uranium and chromium and it is enjoying increased attention from international exploration companies, particularly in the oil and gas sector.
The South African Department of Trade and Industry
Responsible for encouraging a dynamic industrial, globally competitive South African economy characterized by inclusive growth and development, decent employment and equity built on the full potential of all citizens.
Trade and Investment South Africa (TISA)
Trade and Investment South Africa (TISA) aims to increase export capacity and support direct investment flows via the implementation of strategies directed at targeted markets
- Increase the quality and quantum of foreign and domestic direct investment
- Undertake effective investment recruitment campaigns
- Provide an efficient facilitation and information service in order to retain and expand investment into South Africa
- Develop new and existing South African exporters’ capabilities in order to grow exports globally (goods, services and capital)
- Provide appropriate information, financial support and practical assistance to sustain organic growth in traditional markets and penetrate new high growth markets
South Africa Promotion and Protection of Investment Bill
The bill is intended to promote investment by modernizing the current investment regime and getting investors whether foreign or local to achieve a balance of rights and obligations that apply to all investors when investing in South Africa.
Information about Investment climate in South Africa has been summarized as follows;
For more reading