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Prospects for Greek Entrepreneurship in Sub-Sahara Africa. SOUTH AFRICA. EU Council President Herman Van Rompuy. "I hope the Summit [EU-Africa Summit 2014] will mark a new stage in our relationship with Africa.” - PowerPoint PPT Presentation
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Prospects for Greek Prospects for Greek Entrepreneurship in Sub-Entrepreneurship in Sub-
Sahara AfricaSahara Africa
SOUTH AFRICASOUTH AFRICA
EU Council PresidentEU Council President Herman Van RompuyHerman Van Rompuy
"I hope the Summit [EU-Africa Summit "I hope the Summit [EU-Africa Summit 2014] will mark a new stage in our 2014] will mark a new stage in our relationship with Africa.”relationship with Africa.”
““It was time for a ‘shift from It was time for a ‘shift from development cooperation to a development cooperation to a partnership of equals with trade and partnership of equals with trade and investment playing a key role."investment playing a key role."
Geert Laporte of the European Geert Laporte of the European Centre for Development Policy Centre for Development Policy
Management.Management.
"In just a few years Africa has "In just a few years Africa has become an attractive bride that can become an attractive bride that can choose among several choose among several candidates."candidates."
Foreign Policy, Regions, EPAForeign Policy, Regions, EPA
EPA:EPA: Negotiations for an Economic Partnership Negotiations for an Economic Partnership
Agreement (EPA) with the EU continue. It Agreement (EPA) with the EU continue. It is imperative that the EPA should support is imperative that the EPA should support the South African Government’s objectives the South African Government’s objectives of strengthening regional integration and of strengthening regional integration and promoting domestic industrial promoting domestic industrial development and job creation.development and job creation.
South Africa, Africa, NEPADSouth Africa, Africa, NEPAD
Africa FTA:Africa FTA: Ongoing negotiations to establish the Tripartite Ongoing negotiations to establish the Tripartite
FTA (COMESA, EAC, SADC) will combine the FTA (COMESA, EAC, SADC) will combine the three major regional economic communities of three major regional economic communities of 600 million people and combined GDP of 600 million people and combined GDP of USD$1 trillion, as building blocks towards USD$1 trillion, as building blocks towards continental integration. Once established, the T-continental integration. Once established, the T-FTA will contribute to economies of scale, the FTA will contribute to economies of scale, the building of new distribution channels, value building of new distribution channels, value addition and manufacturing in Africa.addition and manufacturing in Africa.
South Africa:South Africa: Open economy.Open economy. A resilient and diversified international A resilient and diversified international
economy: economy: Statistics for the period 1982 to 2012 show that Statistics for the period 1982 to 2012 show that
South Africa’s GDP growth follows global GDP South Africa’s GDP growth follows global GDP growth trends.growth trends.
On average, the economy has grown at 3.2 On average, the economy has grown at 3.2 percent a year from 1994 to 2012, despite the percent a year from 1994 to 2012, despite the global setback of the 2008 recession.global setback of the 2008 recession.
Export/Import:Export/Import: Export contributions are still below the 31% Export contributions are still below the 31%
level reached in 2008level reached in 2008 Imports stand at 36% of GDPImports stand at 36% of GDP Most important imports are fuels, machinery Most important imports are fuels, machinery
and equipment, autos, medical equipment, and equipment, autos, medical equipment, medicinesmedicines
Most important exports are commodities, Most important exports are commodities, autos, agro produce, the mining value chain autos, agro produce, the mining value chain
South Africa's total road network is about 754 000 kilometers, of which over 70 000km are paved or surfaced roads.
South Africa has an extensive rail network – the 10th lengthiest in the world – connecting with networks in the sub-Saharan region.
More than 50 airlines, making around 230 000 aircraft landing, and carrying about 33m passengers a year, move through South Africa’s 10 principal airports.
•The Port of Ngqura is being developed off the coast of Port Elizabeth in the Eastern Cape and is set to be the deepest container terminal in Africa.
SouthSouth Africa - global Africa - global perspectiveperspective
Source: South Africa Geared for Growth, 2010
Of 14 emerging markets; Australia, Canada, Russia, Mexico, China, Poland, Spain, India, Korea, Brazil, SA, 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.t.o. the cost of capital•6th ranked for infrastructure•7th for FDI as a % of GDP
Source: Brazil National Confederation of Industry. Competition Brazil 2010: A Comparison of selected countries
South Africa – emerging market South Africa – emerging market perspectiveperspective
• The JSE Securities Exchange one of the world’s top 20 exchanges.
• 1st for the regulation of securities exchange, strength of auditing & reporting standards by Global Competitiveness Report.
• 34th out of 183 countries in the World Bank Ease of Doing Business 2011
– 2nd in the ease of getting credit
– 2nd for good practice in protecting both borrowers and lenders
– 10th in investor protection
Economic AchievementsEconomic Achievements
Source: SouthAfrica.info
• 54th out of 139 countries in the World Economic Forum’s Global Competitiveness Index.
– 9th in financial market development
– 27th in the protection of intellectual property
Economic AchievementsEconomic Achievements
Africa is becoming more attractive...Africa is becoming more attractive...
Source: Ernst & Young’s Africa attractiveness survey
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%
9Building & Construction
Materials 2.78%10 Transportation 1.89%
South Africa’s FDI South Africa’s FDI CompositionComposition
Source: The Financial Times Ltd
INVESTMENT ENVIRONMENTINVESTMENT ENVIRONMENT
&&
OPPORTUNITIESOPPORTUNITIES
WESTERNCAPE
EASTERN CAPE
FREE STATEKWAZULU/NATAL
NORTH WEST
NORTHERN PROVINCE
NORTHERN CAPE
JOHANNESBURG
BLOEMFONTEIN
KIMBERLEY
GEORGE
NELSPRUIT
MMABATHO
DURBAN
CAPE TOWN
PIETERMARITZBURG
PIETERSBURG
PRETORIA
UMTATA
PORT ELIZABETH
PAARL
GAUTENG
WELKOM
SALDANHA BAY
VREDENBURG
ATLANTIS
NQURA
EAST LONDON
PORT ST JOHNS
PORT EDWARD
RICHARDSBAY
PHALABORWA
MAPUTO
PONTA DO OURO
MOZAMBIQUEMAPUTO
PROVINCE
MBABANE
WITBANK
RUSTENBURG
Spatial Development Initiatives In South Africa
WEST COAST INVESTMENT INITIATIVE
FISH RIVER SDI
LUBOMBO SDI
WILD COAST SDI
KWAZULU-NATAL SDI.
MAPUTO
PLATINUM SDI PHALABORWA SDI
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Kisangani
Brazzaville
KanangaDar es Salaam
Menongue
Gaborone
PretoriaMaputo
Johannesburg
Durban
Port Elizabeth
Kinshasa
Bujumbura
Kigali
Maseru
Matadi
Huambo
Kimberley
East London
KahembaDodoma
Mtwara
Toamasina
Bloemfontein
Bulawayo
Livingstone
Mbandaka
Nacala
Kigoma
Mbabane
Pointe Noire
Port Gentil
Toliara
Antananarivo
Beira
Cape Town
Harare
Libreville
Lilongwe
Malanje
Lumumbashi
Lusaka
Mombasa
Nairobi
Walvis Bay
Windhoek
Democratic Republic of Congo
Tanzania
Rwanda
Burundi
Angola
Zambia
Malawi
Mozambique
Zimbabwe
Namibia
Botswana
South Africa
Swaziland
Lesotho
Congo
GabonKenya
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"A"A
Benguela
Namibe
Luanda
Madagascar
Possible Development Corridors & SDIs in SADC
LUBOMBO SDI
MALANGEDevelopment
Corridor
LOBITODevelopment
Corridor
NAMIBEDevelopment
Corridor
COAST-TO-COAST Corridor
TAZARA Development
Corridor
Walvis BayDev. Corridor
MAPUTODevelopment
Corridor
NACALADevelopment
Corridor
BEIRADevelopment
Corridor
Moving InMajor investment projects in other African nations by South African businesses since the end of apartheid
Aviation
Telecommunications
Manufacturing
Hotels & Retail
MiningSource: Business Map; New York Times
South Africa: Role in Africa
Energy & Oil