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SOUTH AFRICA YOUR GATEWAY INTO AFRICA OPEN FOR BUSINESS
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OUR COUNTRY Area :1,219, 090km 2 Population :44,8 million Currency :R1 = 100 cents Time :GMT + 2 hrs Head of the State :President Thabo Mbeki Business language :English Total GDP 2005 :US $ 213 billion GDP per capita (PPP):US $ 12 100 Real GDP Growth :4.8%
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STRATEGIC GEOGRAPHIC POSITION TO GLOBAL SHIPPING ROUTES OUR LOCATION
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IN AFRICA 6% OF AFRICA’S POPULATION 18% OF AFRICA’S GDP 45% OF AFRICA’S MINERAL PRODUCTION 50% OF AFRICA’S PURCHASING POWER DYNAMIC FORCE IN SADC DRIVING FORCE BEHIND NEPAD
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SOUND ENVIRONMENT PROGRESSIVE LEGAL FRAME WORK FINANCIAL SYSTEM ROBUST AND WELL REGULATED WORLD’S 17 TH LARGEST STOCK EXCHANGE (JSE) SA FUTURES EXCHANGE (SAFEX) SA BOND EXCHANGE (BESA) Johannesburg Securities Exchange
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OUR INFRASTRUCTURE Roads & Rail Extensive road and rail network across South Africa which connects with Sub-Saharan African region Ports Strategic ports are located in Durban, Cape Town, Port Elizabeth, East London, Richards Bay, and Saldanha Bay. Together these handle over 13,000 vessels and 188 million tons cargo a year. Airports Approximately 148 licensed airports/ aerodromes 9 major airports 20 scheduled domestic airlines licensed to provide air services
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Network Broadband infrastructure Reliability South Africa offers telecommunications infrastructure with world-class connectivity and uptime 99.8% digital, optic fiber based, 120gbps to us Global connectivity, 3 submarine cables, satellite earth stations Direct dialing 235 countries, VOIP technology Digital transmission speeds of 120 mbps to 155mbps Convergence of voice, data, e-commerce and web services High capacity technology and broadband wireless Space stream and satellite networking technology Up to 99% up-time for end to end domestic fiber networks
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OUR ECONOMY 26 Quarters of consecutive growth Consumer and Business confidence at 25 year high’s Inflation and interest rates are at 25 year low’s 2004-2005: 300 000 new jobs created (formal sector) FDI into SA increased eightfold to around $8bn Ranked 42 nd on World Competitiveness Report 19 SA Companies ranked on Fortune’s Global 2000 “South Africa is poised on the edge of Greatness ….it is a great place to do business because of its political stability: the country has a modern economic policy which is in tune with global imperatives” Peter Hain, British Minister for Africa
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INVESTMENT CLIMATE INCREASED GROSS FIXED CAPITAL FORMATION INCREASED FOREIGN PURCHASES OF SA EQUITIES CONSTRUCTION BOOM NEW PROJECTS WORTH R4 BILLION GOVERNMENT INFRASTRUCTURE PROJECTS R 370 BILLION “ SA’s financial stability ratio’s are all good. But SA’s most important feature, which other emerging markets don’t have is it’s safeguards in the form of sound company law and strict stock exchange rules and regulations.” John Gnodde Chief Executive, Brait Private Equity.,
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RECENT INVESTMENTS BARCLAYS:R33 BILLION (Financial sector) VODAFONE:R 21 BILLION (Telecommunication) BHP BILLITON:R 4.4 BILLION (Mining) VSNL/ TATA:R 1.2 BILLION ( Telecommunication) TALK TALK (UK):R 200 MILLION ( BPO/ CALL CENTERS) IFA HOTELS & RESORTS: R 1 BILLION (Tourism) MAN FERROSTAAL: R 1.8 BILLION (MINING)
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The leading manufacturing sector in South Africa. Comprising 6.6% of GDP and 84% of Africa’s vehicle production. All major Original Equipment Manufacturers (OEMs) are represented in South Africa. Mercedes-Benz C class RHD, BMW 3-Series, Toyota Corolla, Ford engines and VW Golf/ Jetta are built in South Africa. Contract to build Hummer H3 South Africa is the 3 rd largest supplier of catalytic converters to the USA, after Germany and Japan. INDUSTRIAL CAPABILITY AUTOMOTIVES
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Murray & Roberts Made by South Africans Dubai Burj Al Arab
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OPPORTUNITIES 2010 SOCCER WORLD CUP
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OPPORTUNITIES AGRO – PROCESSING, BIO FUELS AUTOMOTIVES CHEMICALS AND ALLIED INDUSTRIES ELECTRO TECHNICAL BUSINESS PROCESS OUTSOURCING / CALL CENTERS CLOTHING, TEXTILES, LEATHER AND FOOTWEAR TOURISM MINING AND METAL INDUSTRIES
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“For to be free is not merely to cast off one's chains, but to live in a way that respects and enhances the freedom of others.” Nelson Mandela
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THANK YOU
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CONTACT US SOUTH AFRICAN CONSULATE GENERAL SUITE 600 200 SOUTH MICHIGAN AVENUE CHICAGO, IL 60604 PH.312 939 7929 FAX. 312 939 2588 EMAIL. cmanuel@thedti.gov.za
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