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.
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.
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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