Upload
abigail-curtis
View
219
Download
2
Tags:
Embed Size (px)
Citation preview
Type your title and date here 00/00/0000
UNCLASSIFIED
SOUTH AFRICAInspiring New Ways
Type your title and date here 00/00/0000
UNCLASSIFIED
Type your title and date here 00/00/0000
UNCLASSIFIED
MAP OF THE PROVINCES
9 Provinces:
• Capitals:• PTA – Administrative• Cape Town – Legislative• Bloemfontein - Judicial
Type your title and date here 00/00/0000
UNCLASSIFIED4
WHY SOUTH AFRICA?
• Economic powerhouse of Africa
• Covers just 3% of the African continent and contributes 25% of its GDP
• GDP growth rate: 2.1% + large scale infrastructure investment to create growth and jobs
• Gateway to other sub-Saharan African markets
• 45th most competitive country / ease of Doing Business: ranked 35 out of 183 countries
• English is main business language and similar systems and business cultures
• Suitable time difference
5
THE TRADING RELATIONSHIP – OUR GREATEST SYNERGY
• Over £9.6 billion annually in bilateral trade
• UK in Top 5 trading partners
• Local partnerships and Black Economic Empowerment
• 4 out of 5 South African companies in Europe are
based in the UK
• There are opportunities in various sectors for
British business such as:
Type your title and date here 00/00/0000
UNCLASSIFIED
Advanced Engineering Food & Drink
Agribusiness ICT
Creative Industries Life Sciences
Infrastructure & Energy Ports
Education & Skills Retail
Professional Services
6
SWOT ANALYSIS
Strengths
•Abundant supply of natural resources
•Well-established & modern infrastructure
•Well developed financial and legal services
•Strong Legal and Financial frameworks
•Accountability of private institutions
•Stock exchange amongst the Global Top 10
•Govt spending on Education in 2012/13 was £16 bn
which is 19% of total govt expenditure.
•Fast growing black middle class
Weaknesses
• High unemployment
• Economic Integration/Poverty
• Skills shortage
• Infrastructure bottlenecks in energy, transport & water due to lack of govt capacity
• HIV Aids
• Crime
Type your title and date here 00/00/0000
UNCLASSIFIED
7
POLITICAL & ECONOMIC CONSIDERATIONS
Type your title and date here 00/00/0000
UNCLASSIFIED
Political
•Broad-Based Black Economic Empowerment
•Young, relatively stable, multi-party democracy, dominated by one political party
•2012 is an important year for SA politics
Economic
•Recovered from recession
•Prudent macroeconomic policies, targeting infrastructure-led growth
•Job creation
•Strong business environment attracts investors – according to World Bank survey easiest BRICS country to do business in
•Economy is diversified with strong services sector
8
FOCUS ON EDUCATION
• South Africa underwent a major transformation in education following the end of Apartheid in 1994.
• Huge inequalities still exist.
• Lack of quality teachers, poorly functioning schools, backlog in infrastructure, absenteeism and strong unionisation mean the state system is failing large parts of the population.
• Two education ministries, Department of Basic Education (DBE) & Department of Higher Education and Training (DHET).
• January 2012 the Government launched its Green Paper on Post- School Education and Training outlining a broad policy for expanding and improving access, strengthening institutions, improving infrastructure, raising the quality of teaching and building coherence between basic education, further education and the labour market.
• 50 State Further Education Colleges.
• Numerous private and industry institutions.
Type your title and date here 00/00/0000
UNCLASSIFIED
9
HOW TO ACCESS THE MARKET
• Skills shortage make the opportunities look obvious. But the space is very crowded.
• South African solutions, anti colonial sentiments, bolstering own economy, expensive imports.
• Local relationships are critical.
• Broad Based Black Economic Empowerment (BBBEE) , Preferential Procurement Framework, Preferred Suppliers at Provincial level.
• Government is criticised for changing the system too often.
• May choose to work with private institutions in the first instance
• Sector Education Training Authorities (SETAs)
• National Skills Fund
• Further Education Training institutes need management skills.
• Need to be clear about what you are offering
• No quick wins
Type your title and date here 00/00/0000
UNCLASSIFIED
10
UKTI IS REPRESENTED IN 3 MAJOR CENTRES FOR BUSINESS
Type your title and date here 00/00/0000
UNCLASSIFIED
Johannesburg (covering PTA), Cape Town and Durban
11
HOW UKTI SOUTH AFRICA CAN ASSIST YOUR COMPANYOur Services
• Bespoke research, market entry advice & introduction to potential partners
• In-market programme arranging
• Event Management
• Targeted functions with key & relevant contacts
• Business networking events
• Product launches
For further information visit www.ukti.gov.uk/southafrica
• Ernst & Young Africa Attractiveness – www.ey.com 2012 Africa Attractiveness Report
• Grant Thornton Established a presence in SA - www.gt.co.za Type your title and date here 00/00/0000
UNCLASSIFIED
12
KEY EXAMPLES OF UK COMPANIES OPERATING IN SOUTH AFRICA
Type your title and date here 00/00/0000
UNCLASSIFIED
13Type your title and date here 00/00/0000
UNCLASSIFIED
HMG PROMOTING BRITISH CAPABILITIES AROUND THE WORLD