South Africa - International Franchise Association

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South African National Accreditation System Website: http://www.sanas.co.za South African Revenue Services Website: http://www.sars.gov.za The South African Bureau of Standards Website: http://www.sabs.co.za Return to top Return to table of contents
Return to table of contents Chapter 6: Investment Climate • Openness to Foreign Investment • Conversion and Transfer Policies • Expropriation and Compensation • Dispute Settlement • Performance Requirements and Incentives • Right to Private Ownership and Establishment • Protection of Property Rights • Transparency of Regulatory System • Efficient Capital Markets and Portfolio Investment • Competition from State Owned Enterprises • Political Violence • Corruption • Bilateral Investment Agreements • OPIC and Other Investment Insurance Programs • Labor • Foreign-Trade Zones/Free Ports • Foreign Direct Investment Statistics • Web Resources Openness to Foreign Investment Return to top The government of South Africa is open to green field foreign investment as a means to drive economic growth, improve international competitiveness, and obtain access to foreign markets for its exports. Merger and acquisition activity is more sensitive and requires more advance work. Virtually all business sectors are open to foreign investment. Certain sectors require government approval for foreign participation, including energy, mining, banking, insurance, and defense. Excepting those sectors, no government approval is required to invest, and there are few restrictions on the form or extent of foreign investment. The Department of Trade and Industry's (DTI) Trade and Investment South Africa (TISA) division provides assistance to foreign investors. The DTI concentrates on sectors in which research has indicated that the foreign country has a comparative advantage. TISA offers information on sectors and industries, consultation on the regulatory environment, facilitation for investment missions, links to joint venture partners, information on incentive packages, assistance with work permits, and logistical support for relocation. DTI publishes the "Investor's Handbook" on its website: http://www.dti.gov.za/publications/publications.htm. While the South African government supports investment in principle, investors and other observers are concerned that there is insufficient commitment to support foreign investors. Some investors express a belief that the national level government lacks a sense of urgency when it comes to providing support for investment deals. Several investors report trouble gaining access to senior decision makers to provide support for the investment. Additionally, South Africa has begun scrutinizing merger and acquisition related foreign direct investment more closely for its impact on jobs and local industry.
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Doing Business in South Africa- 201
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South Africa is well integrated int
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• Telecommunications Equipment; a
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Return to table of contents Chapter
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Close Corporations: Close corporati
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local, provincial, and national —
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BEE Codes of Good Practice and othe
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distributors who sell to wholesaler
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Trade Promotion and Advertising Ret
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Page 27 and 28: electricity producers in the world.
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Page 47 and 48: Date: October, 2013 Venue: NASREC,
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Page 93 and 94: For most payment processes, two rel
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South Africa - International Franchise Association

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