The economy of South Africa is the second largest in Africa, after Nigeria. It is one of most industrialized countries in Africa. South Africa is an upper-middle-income economy by the World Bank – one of only four such countries in Africa (alongside Botswana, Gabon and Mauritius). Since 1996, at the end of over twelve years of international sanctions, South Africa’s Gross Domestic Product almost tripled to peak at $400 billion […]
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The 20 South African businesspeople who participated in the five-day trade and investment mission to Angola led by the Deputy Minister of Trade and Industry (DTI) Bulelani Magwanishe concluded their visit on Saturday. The businesspeople, whose participation was funded by the DTI, expressed satisfaction with the exposure, reception and outcomes of the mission that they […]
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The South African Revenue Service (SARS) has introduced a new electronic cargo system that tracks the movement of cargo coming into and leaving the country. The introduction of the paperless cargo reporting system will bring to an end one of the last remaining paper-based processes in the revenue service. According to Chief Officer of Customs […]
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South Africa imported US$83.2 billion worth of goods from around the globe in 2017, down by -19.5% over the 5-year period starting in 2013 but up by 11.3% from 2016 to 2017. South Africa’s top 10 imports accounted almost three-fifths (59.8%) of the overall value of its product purchases from other countries. South African imports […]
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Given the various rules and regulations surrounding importing to South Africa, finding a product abroad that you think would take SA by storm can be exciting but a daunting experience when you think of the complicated process that you and the product will go through until the product actually reaches home. First things first: Get […]
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Goods are exported and imported from one country to another in order to maintain a seamless supply chain. Transportation and shipping of the products happen through various routes like rail, road, air and water to reach their destination. But in order to ensure a complete legal and ethical freight shipment, custom clearance is indispensable. There […]
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Intra-Africa trade has received a boost following a $1 billion injection to finance programmes that will expand trade and investment between South Africa and the rest of Africa. African Export-Import Bank (Afreximbank) and the Export Credit Insurance Corporation (ECIC) of SA – a company that provides political and commercial risk insurance to South African exporters […]
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It should be said, however, if you are not yet selling regionally and nationally, then you should first aim at expanding your market share within the local market. Once you have saturated the national market, only then should you look beyond the borders of South Africa. It Increases sales Exporting is one way of increasing […]
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