EU Council President Herman Van Rompuy It was time for a shift from - - PowerPoint PPT Presentation

EU Council President Herman Van Rompuy

“It was time for a “shift from development

cooperation to a partnership of equals with trade and investment playing a key role." (EU-Africa Summit 2014)

Geert Laporte of the European Centre for Development Policy Management.

“In just a few years Africa has become an attractive bride that can choose among several candidates."

Africa is becoming more attractive...

DISCO DISCOVERIN VERING G SOU SOUTH TH AFRICA AFRICA

http://www.youtube.com/watch?v=sYb7gXEAA20&sns=em http://www.youtube.com/watch?v=sYb7gXEAA20&sns=em

Republic of South Africa

A constitutional democracy with a three-tier system of government and an independent judiciary, that combines parliamentary and presidential systems. Legislative authority is held by the Parliament of South Africa. The President of South Africa is the head of state and head of government and his Cabinet. The president is elected from the Parliament to serve a fixed term. The national, provincial (9) and local levels of government all have legislative and executive authority and in the South African Constitution are "distinctive, interdependent and interrelated".

EU – South Africa FTA Greece and South Africa have a DTA and an agreement for the Protection of Capital and Investments MOU on Political Consultations Corporate tax 28% VAT 14%

Trade Agreements in Africa

ECONOMIC PARTNERSHIP AGREEMENT: Negotiations for an Economic Partnership Agreement (EPA) with the EU continue. The EPA should support the objectives of strengthening regional integration and promoting domestic industrial development and job creation.

• South Africa is an open and diversified

international economy.

• South Africa’s GDP growth for the period 1982 to

2013 follows global GDP growth trends.

• On average, the economy has grown at 3.2

percent a year from 1994 to 2012, despite the global setback of the 2008 recession.

• Export/Import:
• Export contributions are still below the 31%

level reached in 2008

• Imports stand at 36% of GDP

SOUTH SOUTH AFR FRIC ICAN AN IM IMPOR PORTS TS FR FROM OM THE W THE WORLD ORLD (in (in Eur Euro

• ,000

,000)

Co Code Pr Product la label Imp Imported value value in 20 in 2011 Imp Imported value value in in 2012 Imp Imported value value in in 2013 TOTAL AL All All pr products 71599290. 71599290.45 45 79007733. 79007733.92 92 77892581. 77892581.23 23 '2 '27 Miner ineral l fu fuels ls, , oil ils, s, dis istil illa lation ion products, s, etc 15248353. 15248353.97 97 17755381. 17755381.05 05 16774653. 16774653.72 72 '8 '84 Machiner inery, , nuclear lear reactors, s, boil ilers, s, etc 10818318. 10818318.2 11905000. 11905000.22 22 11228256. 11228256.18 18 '8 '85 El Electrical, ical, electr lectronic eq ic equipme ipment 6726254. 6726254.21 21 7004358. 7004358.83 83 7917737. 7917737.36 36 '8 '87 Vehic icles les other t than rail ilway, , tramw mway 6508974. 6508974.38 38 7205139. 7205139.6 6928755. 6928755.46 46 '3 '39 Pl Plast stics ics and artic icles les thereof 1727237. 1727237.3 1892385. 1892385.27 27 1897497. 1897497.38 38 '9 '90 Optical, ical, pho photo, , technical, ical, med medical, ical, et etc 1775508. 1775508.62 62 1844207. 1844207.24 24 1834289. 1834289.68 68 '30 '30 Pha harmaceu maceutica cal pr prod

• duc

ucts 1579231. 1579231.28 28 1837251. 1837251.24 24 1715310. 1715310.34 34 '2 '29 Organic c ic chemica micals ls 1229927. 1229927.94 94 1311380. 1311380.59 59 1277514. 1277514.41 41 '38 '38 Miscell scellan aneo eous us che hemi mica cal pr prod

• duc

ucts 1026364. 1026364.03 03 1136941. 1136941.79 79 1257724. 1257724.55 55 '7 '72 Ir Iron and st steel 997743.27 .27 956906.16 .16 1174894. 1174894.88 88 '7 '73 Ar Artic icles les of ir iron or s steel 1010618. 1010618.45 45 1095226. 1095226.02 02 1165532. 1165532.98 98 '4 '40 Rubber and artic icles les thereof 1077365. 1077365.75 75 1158676. 1158676.76 76 1096162. 1096162.31 31 '2 '28 In Inorg chemica micals ls, , precious ious metal metal compo mpounds 943950.83 .83 909549.23 .23 952443.76 .76 '1 '10 Ce Cereals ls 854046.45 .45 1001145. 1001145.87 87 848954.66 .66 '4 '48 Paper and pa paperboard, , artic icles les of pulp lp 753973.59 .59 796758.81 .81 797610.64 .64 '6 '64 Footwear, , gait iters s and t the l lik ike, , parts s thereof 662539.23 .23 743215.66 .66 747811.5 .5

GREEK GREEK EX EXPOR PORTS TS TO O THE THE WORLD ORLD (in Eur (in Euro ,000

• ,0000

Code Product label Exported value in 2011 Exported value in 2012 Exported value in 2013 TOTA L All products 22767279.82 27354124.23 27298580.23 '27 Mineral fuels, oils, distillation products, etc 6876121.18 10636184.49 10887176.56 '76 Aluminum and articles thereof 1242095.21 1197142.35 1185337.9 '30 Pharmaceutical products 870660.76 956812.08 1047981.08 '85 Electrical, electronic equipment 969775.14 1079527.2 965557.2 '39 Plastics and articles thereof 886585.83 910171.28 903673.79 '20 Vegetable, fruit, nut, etc food preparations 765987.22 873637.13 877730.74 '08 Edible fruit, nuts, peel of citrus fruit, melons 652762.77 757867.89 830536.52 '84 Machinery, nuclear reactors, boilers, etc 762856.91 772059.8 731623.35 '15 Animal, vegetable fats and oils 328050.28 426276.1 607537.32 '03 Fish, crustaceans, molluscs, aquatic invertebrates 580055.68 601633.96 549802.96 '99 Commodities not elsewhere specified 655534.1 551379.87 526542.38 '74 Copper and articles thereof 569930.29 578616.81 500379.5 '72 Iron and steel 846733.31 635669.83 477385.44 '25 Salt, sulphur, earth, stone, plaster, lime, cement 263550.19 385803.63 447204.5 '52 Cotton 346629.65 509824.27 436687.7 '04 Dairy products, eggs, honey, edible animal product 312482.76 364511.09 413852.5 '24 Tobacco and manufactured tobacco substitutes 370529.1 427456.42 391970.42 '73 Articles of iron or steel 489312 385884.5 379449.49

Product ct code Product ct label

Gr Gree eek k impor imports ts fr from

• m Sou

South A th Africa frica

Valu lue in 2011 Valu lue in 2012 Valu lue in 2013 TOTAL All l products cts 53345.1 .15 46054.5 .52 57425.6 .68 '74 Copper r and articl icles s thereo reof 5445.7 .73 16911.8 .8 23978.0 .06 '87 Vehicl icles s other r than railw lway, y, tramwa way 20273.0 .04 8116.1 .11 6763.7 .76 '03 Fish, , crusta stace ceans, s, mollu luscs, scs, aquatic tic inverte rtebrate rates 5995.6 .68 4073.6 .61 4969.6 .68 '27 Minera ral l fuels, ls, oils, s, distill tillatio tion products, cts, etc 48.8 .82 4806.3 .3 '08 Edib ible le fruit, t, nuts, s, peel l of citrus s fruit, it, melon lons 4741.4 .41 3093.1 .11 4328.2 .23 '39 Plastics stics and articl icles s there reof 5205.9 .93 4179.3 .35 3215.4 .49 '20 Vegeta table le, , fruit, t, nut, , etc food preparatio rations 1030.2 .27 849.8 .87 1445.5 .5 '89 Ship ips, s, boats ts and other r floatin ting structu ctures res 2446.0 .09 1712.9 .95 1113.4 .49 '72 Iron and steel 2250.0 .09 570.7 .72 1000.5 .56 '38 Misce cell llaneous s chemica ical l products cts 478.8 .88 328.1 .13 909.4 .46 '41 Raw w hides s and skins s (other r than fur skins) s) and leath ther 436.5 .52 562.9 .95 621.1 .12 '84 Mach chin inery, ry, nucle clear reacto ctors, rs, boile lers, rs, etc 960.6 .63 796.9 .99 617.3 .35 '90 Optica tical, photo to, , tech chnica cal, l, medical, ical, etc apparatu ratus 1076.2 .22 616.6 .6 566.1 .16 '25 Salt, lt, sulph lphur, r, earth th, stone, , plaste ster, , lime and cement 123.4 .49 66.8 .87 326.7 .74 '85 85 Elect ectric ical, l, electr ctroni nic c equ quip ipmen ent 147 47.9 .9 512 12.4 .41 313 13.1 .19 '32 Tannin ing, , dyein ing extract racts, s, tannins, ins, pigments ts 263.4 .49 167.1 .17 298.8 .89 '44 Wood and article cles s of wood, , wood charco coal 331.7 .7 346.0 .01 272.5 .54 '31 Fertili tilize zers rs 219.7 .7 122.8 .85 229.6 .62 '33 Esse sentia tial l oils, s, perfu fumes, s, cosmetics, tics, toilet letri ries 160.8 .82 137.6 .63 216.8 .83 '70 70 Glass ass and d glasswa assware 160 60.8 .82 80. 0.09 09 180 80.6 .69 '76 Alumin inum and articl icles s there reof 60.3 .31 159.6 .61 '68 Stone, plaste ster, , cement, t, asbesto stos, s, mica, , etc articl icles 83.2 .28 76.2 .2 137.7 .77

Product ct code Product ct label

Gr Greek eek expo xports ts t to South

• South Africa

frica

Valu lue in 2011 Valu lue in 2012 Valu lue in 2013 TOTAL All l products cts 27986.0 .08 36774.4 .42 40076.6 .62 '85 Electri ctrica cal, l, electro ctronic c equip ipment 2231.4 .42 6637.9 .98 9697.6 .68 '30 Pharm rmace ceutica tical products cts 4594.9 .94 8265.4 .4 7254.6 .63 '95 95 Toys, s, games, es, sports ts requ quis isite ites 232 329.0 .06 399 998.1 .18 477 778.4 .45 '84 Mach chin inery, ry, nucle clear reacto ctors, rs, boile lers, rs, etc 2634.2 .2 2842.7 .74 2456.6 .61 '99 Commoditie ities s not else sewh where re specifie cified 1391.4 .41 1447.0 .03 2191.6 .6 '76 Alumin iniu ium and article cles s there reof 897.4 .45 1111.9 .9 2068.1 .13 '74 Copper r and articl icles s thereo reof 428.6 .62 784.5 .55 1060.7 .79 '39 Plastics stics and articl icles s there reof 984.3 .32 1012.3 .38 954.6 .64 '20 Vegeta table le, , fruit, t, nut, , etc food preparatio rations 1397.1 .15 1006.1 .15 885.3 .37 '15 Anim imal, l, vegeta table fats s and oils, s, cleava vage products cts 1154.4 .48 1025.5 .59 767.9 .92 '31 Fertili tilize zers rs 3863.3 .34 684.3 .36 '26 Ores, s, slag and ash 1219.2 .2 574.4 .44 '32 Tannin ing, , dyein ing extract racts, s, tannins, ins, pigments ts 626.7 .78 408.9 .99 512.7 .7 '08 Edib ible le fruit, t, nuts, s, peel l of citrus s fruit, it, melon lons 79.6 .69 309.4 .47 462.2 .26 '48 Paper and paperbo rboard, rd, article cles s of pulp lp 162.2 .26 278.3 .36 392.2 .24 '71 Pearl rls, s, precio cious s stones, s, metals, s, coins, ins, etc 78.9 .98 73.8 .87 380.9 .95 '64 Footwe twear, , gaite iters s and the like, , parts rts thereo reof 281.4 .44 449.4 .43 368.1 .15 '18 Coco coa and cocoa preparatio rations 78.2 .26 224.7 .71 366.6 .65 '33 Esse sentia tial l oils, s, perfu fumes, s, cosmetics, tics, toilet leteri ries 268.5 .52 318.8 .8 352.3 .34 '25 Salt, lt, sulph lphur, r, earth th, stone, , plaste ster, , lime and cement 119.1 .18 398.1 .11 329.7 .76 '19 Cerea real, l, flour, , starch ch, , milk preparatio rations s and product cts 362.5 .57 346.0 .01 319.2 .22 '68 Stone, plaste ster, , cement, t, asbesto stos, s, mica, , etc articl icles 107.6 .69 127.5 .52 254.4 .47

Ease Ease of

• f doing busines

doing business s ranking anking: RSA RSA 41 41 GREECE 72 GREECE 72

South Africa –emerging market perspective

Of 14 emerging markets; Australia, Canada, Russia, Mexico, China, Poland, Spain, India, Korea, Brazil, South Africa, Colombia, Chile & Argentina South Africa is:

2nd most sophisticated financial market 2nd lowest effective business tax rate 4th ranked for ease of accessing capital 4th ranked i.r.o. the cost of capital 6th ranked for infrastructure 7th for FDI as a % of GDP Brazil, Russia, India, China, South Africa (BRICS)

South Africa’s FDI Composition

Rank Sector Proportion % 1 Coal, Oil and Natural Gas 25.13% 2 Metals 20.75% 3 Automotive OEM 8.15% 4 Alternative/Renewable energy 7.53% 5 Communications 7.32% 6 Hotels & Tourism 5.49% 7 Real Estate 3.00% 8 Chemicals 2.89% 9 Building & Construction Materials 2.78% 10 Transportation 1.89%

Investment Opportunities

Sector Sub-sector Agro-processing Fisheries and Aquaculture, Floriculture, Fruit and Vegetable Processing Plants, Juices, Meat Processing, Wine Production, Confectionery, Indigenous teas and Natural Fibres. Automotives Interiors, Engine Parts/Components, Electronic, Drive Train Components, Body Parts, Aluminum Components and Diesel particulate filters. Chemicals and Allied Industries

Titanium Beneficiation Initiative, Fluoro chemicals Expansion Initiative,

Polypropylene Conversion.

Restructuring of State Owned Chemical Enterprises.

Business Process Outsourcing & IT Enabled Services

• Call Centres, Back Office Processing and Shared Corporate Services.
• Enterprise solutions viz. fleet management, knowledge management, asset

management solutions. Electro Technical Manufacturing of: automotive electronics, microchips and telecommunication equipment. Tourism Hotels and self-catering holiday resorts, Adventure-, Eco-, Sport- Conference- and cultural tourism, gaming, infrastructure development, leisure complexes and world class golf courses, harbour & waterfront developments, transfrontier conservation areas, cruise liners & transportation.

Incentive Benefit Main Conditions

The Enterprise Investment Program (EIP) The EIP (manufacturing) is a cash grant for locally based manufacturers who wish to establish a new production facility, expand an existing facility or upgrade an existing facility in the clothing and textiles sectors the EIP will be used to stimulate investment within manufacturing and tourism. Foreign Investment Grant To compensate qualifying foreign investors for the cost of moving qualifying new machinery and equipment from abroad to SA. Foreign investors only Industrial Development Zone Exemption from VAT when sourcing goods and services from South African customs territory and duty-free imports

• f raw materials and inputs for export

Prospective SDZ operator companies must apply for permits to develop and operate an SDZ

Incentive Benefit Main Conditions

Section 12i Tax Allowance Tax deductions of up to R 900m depending on status viz. preferred

• r qualifying projects.

Training allowance/ deduction of up to R30m or R36 000 per employee. Valid until December 2015 Capital investment > R 200m Critical Infrastructure Fund Infrastructure projects intended to service SDZ, shall qualify for a grant of 30% of the qualifying infrastructure development cost The minimum qualifying infrastructure development cost is R15m

NBG INTRALOT, PHILIPPOU GROUP FRIGOGLASS PETZETAKIS GERMANOS METALUMIN, GEROVASSILIOU, TSAKSARLIS, SOLDATOS - ESCAPADES WINES

• Federation of Hellenic Communities in SA

email federationsa@speedweb.co.za

• Hellenic, Italian, Portuguese Alliance

email emmanueld@tsohle-unicode.co.za

• Hellenic News of South Africa

email sahellenicnews@gmail.com

• JCCI Johannesburg Chamber of Commerce

email info@jcci.co.za www.jcci.co.za Department of Trade and Industry, South Africa Web www.thedti.gov.za

USEFULL CONTACT INFORMATION

Hellenic-African Chamber of Commerce & Development email: info@helafrican-chamber.gr web: www.helafrican-chamber.gr Panayiotis Dermentzoglou Greek Commercial Counsellor in South Africa email ecocom-johannesburg@mfa.gr Antonis Mavridis Trade Officer, South African Embassy, Athens email mavridisantonis@gmail.com

MARKET ACCESS DATA BASE OF THE EU

http://madb.europa.eu/madb/

South Africa today is one of the most sophisticated and promising emerging markets globally, mainly because of

Political & economic stability with sound macro-economic management Competitive sectors/industries Favourable cost of doing business Skills availability World class financial system Excellent transport & logistical infrastructure Abundant natural resources