South Africa improved its global competitiveness ranking to 50th in the World Economic Forum’s Global Competitiveness Report for 2011/12, after having slipped to 54th in 2010/11. In 2012/13, the country maintained its position as the best place in the world to secure business credit.
It was also the 10th best country in investor protection.
The country’s strengths lie in its outstanding performance in financial market development, the accountability of private institutions and the effectiveness of its competition policies. The World Bank’s Doing Business Report of 2012 set the country’s ranking at 35th from 36th in 2011. The best recorded improvement was with regard to the ease of starting a business, the consequence of the introduction of the new Companies Act, which included the simplification of the company registration procedure.
The strength of KwaZulu-Natal as a preferred investment destination is its two major seaports - Durban and Richards Bay - as well as Dube TradePort, home to King Shaka International Airport.
The province also boasts:
• A large labour pool;
• Diverse cultures;
• The ideal position to be the trade gateway to Africa;
• Highly competitive land and building costs;
• World-class transport and tele-communications infrastructure; and
• Advocacy and lobbying for investor incentives; and
• An idyllic climate and lifestyle.
|In close proximity, and within easy access of South Africa’s two largest ports – Durban and Richards Bay and King Shaka International Airport|
|A large labour pool|
|Gateway to other African countries|
|Low land and building costs|
|World-class transport and telecommunications infrastructure|
|Advocacy and lobbying for investor incentives; and Idyllic climate|
Long, traditional ties have been developed with South Africa's top trading partners and other important focus markets, with double taxation agreements and memoranda of understanding signed with various countries. Growing increasingly important as a trading partner of the European Union, South Africa is additionally a full member of the World Trade Organisation, while strong political and economic links within the African continent and membership of the Southern African Development Community offer trading opportunities within southern Africa. Companies locating in South Africa not only have the opportunity to source their inputs at very competitive prices but often have a domestic market for their products and services. Investors can use South Africa and particularly KwaZulu-Natal with its excellent infrastructure and logistics mechanisms as a gateway to take products and services to the rest of Africa.
South Africa's increasing international presence has led to several trade agreements being negotiated with other countries. Facilitating the growth of the country's export markets, these favourable agreements have opened up innumerable opportunities for companies based here to increase their international trade:
|The African Growth and Opportunity Act provides potentially huge opportunities for a variety of the country's economic sectors, from manufacturing to agriculture, to access the enormous US consumer market on a duty and quota-free basis on approved products, for a period extended to 2015|
|The Trade Development and Customs Agreement with the European Union sees a positive trend in trade flows developing between South Africa and the EU, with the aim of zero duty|
|Negotiations are in progress between the five-nation Southern African Customs Union and the four-country European Free Trade Association. A proposed US/Sacu agreement was also finalised in 2004, with both of these covering the entire range of trade and trade-related issues (including market access, tariff and non-tariff barriers, intellectual property rights, investment, competition and government procurement|
The comprehensive US/Sacu free trade agreement is the second most significant trade relationship exercise after Agoa between the US and African countries, increasing the number of products that Sacu members can export to the US market. With a more balanced and equitable Sacu pact having already been signed by leaders of member states towards the end of 2002, the International Trade Administration Commission now oversees implementation of the Sacu agreement as well as other multilateral and bilateral trade agreements.
Exporting a range of products and services to a diversity of markets, South African trade has weathered adverse international conditions fairly well. With specific trade and investment requirements being met, the country has fast become one of the most popular trade destinations.
|Aluminium conversion and fabricated products|
|Automotive parts and components|
|Beneficiation and value-addition of resources|
|Business process outsourcing|
|Food processing; and|
|Clothing, textiles, leather and footwear|
|COMPANY NAME||SOURCE COUNTRY||WEBSITE|
|Andina Group South African Calcium Carbide – [SACC]||Spain||www.andinagroup.com|
Amajuba District Municipality is situated within the north western corner of the KwaZulu-Natal. The district has abundant water, a reliable labour force, well developed transport infrastructure, first world educational, medical and community services, internationally-acclaimed tourism attractions, and an enviable lifestyle. It comprises of three local municipalities namely Newcastle, Dannhauser and Utrecht. The district’s economy was historically focused on coal mining but colliers have closed. The municipality is predominately urban and the largest concentration of people occurs in the Newcastle, Madadeni, Osizweni areas.
|Newcastle||034 328 7600 /1||034 312 firstname.lastname@example.org|
|Madlangeni||034 331 3041||034 331 email@example.com|
|Dannhauser||034 621 2666/7/3080||034 621 firstname.lastname@example.org|
The government projects are the responsibility of each respective government department, therefore TIKZN is not responsible for the updating of this information. For further assistance, kindly contact the department responsible directly. Follow this link for available projects:http://www.kwazulunatal.gov.za
Despite the fact that KwaZulu-Natal covers such a small portion of South Africa's land area, a significant percentage of the country's small-scale farmers are based here. Agriculture in KwaZulu-Natal is extremely diverse and is reflected in the patterns of its topography. Most of the world's agricultural activities can be practised here. Due to the good reliable rainfall and fertile soils, the region's agricultural sector has become very productive, and is known for its specialist capability in several types of farming. The Province has a total of 6.5 million hectares of land for farming purposes of which 82% is suitable for extensive livestock production and 18% is arable land.
The agricultural sector is focused mainly on the following:
Crops: Sugar, Maize
Horticulture: Sub-tropical fruits especially pineapples and bananas, Cashew nuts, Potatoes, Vegetables
Animal Husbandry: Beef, Sheep (mutton and wool), Pigs, Poultry
Forestry: SA Pine, Saligna, Black Wattle, eucalyptus, poplar,
There is tremendous potential for agricultural expansion in KwaZulu-Natal. It has been conservatively estimated that if the agricultural natural resources were optimally managed, the present production yield could be increased dramatically, thus unlocking the full agricultural production potential of KwaZulu-Natal.
The social programs and the government/private sector joint projects that have been facilitated and implemented by the sugar industry bear testimony to the industry's conscious commitment to the socio-economic and welfare upliftment of its employees. The key challenge for the sugar cane industry remains the maintenance of competitiveness in relation to other world-class producers and industries.