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Market Brief on
South Africa (SA)
March 2016
Location Facts and Figures
South Africa is located on the tip of the continent of Africa. It is bordered by Botswana, Lesotho, Mozambique, Namibia, Swaziland and Zimbabwe.
Total Population (2015) 53 675 563million
Area 1 219 090 sq. km
Time Zone +2 hrs GMT
Capital City Pretoria
International Telephone Code
+27
Currency South African Rand
Exchange Rate 1US$ : 15.75 Rands (01 March 2016)
GDP (2015 est.) US$317. 3 Billion
GDP per capita (2015 est.)
US$6 354
GDP Growth Rate (2015 est.)
1.5 %
Ease of Doing Business (World Bank 2016)
73 /189
Inflation Rate 4.8 % ( 2015)
Official Language(s) Zulu, Xhosa, Afrikaans, English, Sepedi, Setswana, Sesotho, Xitsonga, Swati, Tshivenda, Ndevele.
Business Hours 0830/0900hrs-1700 hrs 0900hrs-1500hrs (Sat)
Banking Hours 0830 hrs-1600 hrs (weekdays) 0900hrs-1100hrs (Sat)
Literacy Rate 94%
Measures Metric System
Important International Participation
UN, AU, SADC, SACU, WTO
Cities and Population
City Population
Johannesburg 4.4345 million
Cape Town 3.740 million
Durban 3.442 million
Pretoria 3.178 million
Port Elizabeth 1.152 million
Vereeniging 0.747 million
Pietermaritzburg 0.618 million
East London 0.755 million
Bloemfontein 0.747 million
Polokwane 0.629 million
South Africa Trade with the World
Major import sources of SA (2014) Major export destinations of SA (2014)
0
20
40
60
80
100
120
2011 2012 2013 2014 2015
US$
Bill
ion
Years
Exports Imports
15%
10%
7%
7%
5%5%
4%
3%
3%
2%
39%
China Germany
Saudi Arabia United States of America
Nigeria India
Japan United Kingdom
Italy Thailand
Other
10%
7%
6%
5%
5%
5%
5%4%4%3%
46%
China United States of America
Area Nes Germany
Namibia Botswana
Japan United Kingdom
India Mozambique
Other
Source: Trademap
Source: Trademap Source: Trademap
Major import products of SA (2014) Major export products of SA (2014)
South Africa Trade with Zimbabwe
23%
13%
10%8%
7%
2%
2%
2%
2%
2%
29%
Mineral fuels, oils, distillation products, etc
Machinery, nuclear reactors, boilers, etc
Electrical, electronic equipment
Vehicles other than railway, tramway
Commodities not elsewhere specified
Plastics and articles thereof
Optical, photo, technical, medical, etc apparatus
Pharmaceutical products
Miscellaneous chemical products
Organic chemicals
Other
15%
13%
10%
10%8%
7%
3%
3%
2%
2%
27%
Pearls, precious stones, metals, coins, etc
Ores, slag and ash
Mineral fuels, oils, distillation products, etc
Vehicles other than railway, tramway
Iron and steel
Machinery
Edible fruit, nuts, peel of citrus fruit, melons
Electrical, electronic equipment
Aluminium and articles thereof
Plastics and articles thereof
Other
0
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
1 2 3
US$
'00
0
Years
Imports Exports Trade Balance: Surplus(Deficit)
2012 2013 2014
Source: Trademap Source: Trademap
Source: Trademap
Zimbabwe’s major exports to South Africa (2014)
Products Zimbabwe Major exports to South
Africa in 2014 (US$’000)
Annual growth in value between
2010-2014, %, p.a.
South Africa Imports from the World in 2014
(US$’000)
All products 185,111 -3 99,892,738
Tobacco and manufactured tobacco substitutes
46,388 -2 195,118
cotton (not combed or carded, yarn, fabrics)
21,040 -12 189,793
Precious metal ores, slag and ash 13,233 18 161,686
Mineral substances 9,520 25 279,376
Iron and steel 9,150 -5 1,249,374
Oil cakes 8,584 4 502,378
Wood and articles of wood, wood charcoal
8,134 1 396,803
Tea 7,249 4 209,619
Coke and Semi coke of coal. 7,082 5 23,256,835
Raw hides and skins (other than furskins) and leather
5,865 54 113,869
Source: Trademap
Zimbabwe products with export potential to SA Zimbabwe's imports from SA
Tobacco and manufactured tobacco substitutes
Meat and edible meat offals
Textile articles
Furniture
Footwear, gaiters etc.
Iron and steel and articles thereof
Dairy products, eggs and honey
Vegetable, fruit, nuts
Aluminium and articles thereof
Head gear and parts of
Works of art, collectors pieces and antiques
Beverages, Spirits and vinegar
Articles of apparel accessories knit or crochet
12%
8%
6%
6%
5%
5%
4%
4%4%
4%
42%
Machinery, boilers, etc
Vehicles other than railway, tramway
Fertilizers
Plastics and articles thereof
Cereals
Pharmaceutical products
Electrical, electronic equipment
Mineral fuels, oils, distillation products, etc
Iron and steel
Paper and paperboard, articles of pulp, paper and board
Other
Useful Addresses Preferential Trade Arrangements
Embassy of the Republic of Zimbabwe in SA 798 Merton Avenue Arcadia Pretoria Tel: +27 12 3425125 Fax: +27 12 3425126 E-mail: [email protected]
Consulate of the Republic of Zimbabwe in SA Johannesburg 13 A Boeing Street West Bedfordview Johannesburg South Africa Johannesburg Tel: +27 11 6165534/0373400 Fax: +27 11 6151016 E-Mail: [email protected] Website: www.zimbabwe.consulate.co.za
Cape Town 53-55 Kypur Street 7925 Zonnebloem Cape Town E-Mail: [email protected] Website: www.zimbabwe.consulate.co.za
Embassy of South Africa in Zimbabwe 7 Elcombe Avenue Belgravia P.O. Box AV 654 Avondale Harare Tel: +263 4 753147/251843 Fax: +263 4 749657 E-mail: [email protected] Johannesburg Chamber of Commerce and Industry 6th Floor JCC House 27 Owl Street (Corner Empire Road) Milpark Tel: +27 11 7265300 Fax: +27 11 482 2000 E-mail: [email protected]
SADC Trade Protocol
Zimbabwe and South Africa are both members of the SADC Protocol. The Protocol is an agreement between SADC Member States to reduce customs duties and other barriers to trade on products from each other. By January 1, 2008, most customs duties (on 85% of tariff lines) had been eliminated for goods originating from SADC Member States.
Zimbabwe – South Africa Bilateral Trade Agreement
Zimbabwe and South Africa signed a bilateral trade Agreement, most recent version being in 1996 August, where qualifying products get reciprocated preferential duty free regime or preferential tariff quota.
For more information on trading under SADC Trade Protocol or Zimbabwe South Africa Bilateral Trade Agreement, refer to ZimTrade’s “Guide to Zimbabwe’s Trade Agreements”.
SAITEX- Johannesburg 19-21 June 2016 Tel: +27 11 2663000 Fax: +27 11 2663205 E-mail: [email protected] Website: www.gallagher.co.zw
Source Africa, Cape Town 7 – 9 June 2016 Tel: +27 21 790 5849 Fax: +27 21 790 0037 E-mail: [email protected] Website: http://www.sourceafrica.co.za
Africa’s Big Seven, Johannesburg 19- 21June 2016 Tel: +27 11 7837250 Fax: +27 11 7837269 E-mail: [email protected] Website: www.exhibition.com
For more information on trade fairs in South Africa refer to www.eventseye.com; wwwtradefairdates.com; www.expodatabase.com.
Trade Fairs
Trad