Business Opportunities in South Africa for Foreigners
(Business)
South Africa is the most modern
and sophisticated place for business in Africa but how can foreigners join in
the successes that South Africa has been having? It is an attractive place to bring
your business or to invest in an existing business there for a few of very good
reasons that America, Europe and the Middle East is not doing lately. South
Africa is a very attractive place for foreigners to do business because
economic reforms have given the place stability. Taxes have been reduced,
tariffs lowered, the deficit has been brought under control and change controls
have been relaxed. All this economic stability is a place where you want to go
for business. What is most important is that the government has made it clear
that they welcome foreign investments.
It is easy to conduct business in
South Africa since it is one of the least expensive places for foreigners to
live with a high standard of living that makes it easy to expand business
opportunities. There are business
opportunities for foreigners in the fields of
energy and fuels, steel
production, deep level mining, telecommunications and information technology. South Africa is the
best place of all African countries to conduct business with foreigners.
Foreign businesses feel welcomed because the government has provided incentives
for value-added manufacturing projects, support for industrial innovations and
a good environment for small business development with access to convenient
international airports. Why wouldn’t a
foreigner want to conduct business in South Africa?
Foreigners should want to conduct
business in South Africa because they have protections. The country has a
well-developed and regulated regime based on best international practice.
Competition legislation follows the European Union, United States and Canadian
models. It is a fair place to conduct business since there are anti-competitive
conduct restrictive practice laws in place. They will not tolerate price=fixing,
predatory practices or abuses by dominant firms that own a market share of
more than 35% in their field like large international companies like Dole and
Monsanto has dominated in South America.
Some current business
opportunities open to foreigners in South Africa is a number of companies who
are seeking investors are the 13-hectare retail development to boost
Heidelberg. The company is in the business of water projects, sanitation,
electricity and roads. Jobs and infrastructure badly needed in all regions of
Africa to improve the quality of life for the citizens. The world should no
longer have to see poor African children playing in the mud with flies in their
mouth surrounded by their feces. Another major project is the GGDA that is
working on building a pleasure resort at Ratanda. The Richards Bay Industrial
Company is seeking workers and innvestors to manufacture styrene-butadiene
rubber latex in South Africa.
There
are many opportunities being offered but the most important thing being offered
are the people of South Africa willing to learn and to teach in tandem and in
union with foreigners to create a better world for all of us. There are still many untapped resources in Africa.
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