Prospects for Greek Prospects for Greek Entrepreneurship in Sub-Entrepreneurship in Sub-

Sahara AfricaSahara Africa

SOUTH AFRICASOUTH AFRICA

EU Council PresidentEU Council President Herman Van RompuyHerman Van Rompuy

"I hope the Summit [EU-Africa Summit "I hope the Summit [EU-Africa Summit 2014] will mark a new stage in our 2014] will mark a new stage in our relationship with Africa.”relationship with Africa.”

““It was time for a ‘shift from It was time for a ‘shift from development cooperation to a development cooperation to a partnership of equals with trade and partnership of equals with trade and investment playing a key role."investment playing a key role."

Geert Laporte of the European Geert Laporte of the European Centre for Development Policy Centre for Development Policy

Management.Management.

"In just a few years Africa has "In just a few years Africa has become an attractive bride that can become an attractive bride that can choose among several choose among several candidates."candidates."

Foreign Policy, Regions, EPAForeign Policy, Regions, EPA

EPA:EPA: Negotiations for an Economic Partnership Negotiations for an Economic Partnership

Agreement (EPA) with the EU continue. It Agreement (EPA) with the EU continue. It is imperative that the EPA should support is imperative that the EPA should support the South African Government’s objectives the South African Government’s objectives of strengthening regional integration and of strengthening regional integration and promoting domestic industrial promoting domestic industrial development and job creation.development and job creation.

South Africa, Africa, NEPADSouth Africa, Africa, NEPAD

Africa FTA:Africa FTA: Ongoing negotiations to establish the Tripartite Ongoing negotiations to establish the Tripartite

FTA (COMESA, EAC, SADC) will combine the FTA (COMESA, EAC, SADC) will combine the three major regional economic communities of three major regional economic communities of 600 million people and combined GDP of 600 million people and combined GDP of USD$1 trillion, as building blocks towards USD$1 trillion, as building blocks towards continental integration. Once established, the T-continental integration. Once established, the T-FTA will contribute to economies of scale, the FTA will contribute to economies of scale, the building of new distribution channels, value building of new distribution channels, value addition and manufacturing in Africa.addition and manufacturing in Africa.

South Africa:South Africa: Open economy.Open economy. A resilient and diversified international A resilient and diversified international

economy: economy: Statistics for the period 1982 to 2012 show that Statistics for the period 1982 to 2012 show that

South Africa’s GDP growth follows global GDP South Africa’s GDP growth follows global GDP growth trends.growth trends.

On average, the economy has grown at 3.2 On average, the economy has grown at 3.2 percent a year from 1994 to 2012, despite the percent a year from 1994 to 2012, despite the global setback of the 2008 recession.global setback of the 2008 recession.

Export/Import:Export/Import: Export contributions are still below the 31% Export contributions are still below the 31%

level reached in 2008level reached in 2008 Imports stand at 36% of GDPImports stand at 36% of GDP Most important imports are fuels, machinery Most important imports are fuels, machinery

and equipment, autos, medical equipment, and equipment, autos, medical equipment, medicinesmedicines

Most important exports are commodities, Most important exports are commodities, autos, agro produce, the mining value chain autos, agro produce, the mining value chain

South Africa's total road network is about 754 000 kilometers, of which over 70 000km are paved or surfaced roads.

South Africa has an extensive rail network – the 10th lengthiest in the world – connecting with networks in the sub-Saharan region.

More than 50 airlines, making around 230 000 aircraft landing, and carrying about 33m passengers a year, move through South Africa’s 10 principal airports.

•The Port of Ngqura is being developed off the coast of Port Elizabeth in the Eastern Cape and is set to be the deepest container terminal in Africa.

SouthSouth Africa - global Africa - global perspectiveperspective

Source: South Africa Geared for Growth, 2010

Of 14 emerging markets; Australia, Canada, Russia, Mexico, China, Poland, Spain, India, Korea, Brazil, SA, Colombia Chile & Argentina

South Africa is:•2nd most sophisticated financial market•2nd lowest effective business tax rate•4th ranked for ease of accessing capital•4th ranked i.t.o. the cost of capital•6th ranked for infrastructure•7th for FDI as a % of GDP

Source: Brazil National Confederation of Industry. Competition Brazil 2010: A Comparison of selected countries

South Africa – emerging market South Africa – emerging market perspectiveperspective

• The JSE Securities Exchange one of the world’s top 20 exchanges.

• 1st for the regulation of securities exchange, strength of auditing & reporting standards by Global Competitiveness Report.

• 34th out of 183 countries in the World Bank Ease of Doing Business 2011

– 2nd in the ease of getting credit

– 2nd for good practice in protecting both borrowers and lenders

– 10th in investor protection

Economic AchievementsEconomic Achievements

Source: SouthAfrica.info

• 54th out of 139 countries in the World Economic Forum’s Global Competitiveness Index.

– 9th in financial market development

– 27th in the protection of intellectual property

Economic AchievementsEconomic Achievements

Africa is becoming more attractive...Africa is becoming more attractive...

Source: Ernst & Young’s Africa attractiveness survey

Rank Sector Proportion %

1 Coal, Oil and Natural Gas 25.13%2 Metals 20.75%3 Automotive OEM 8.15%4 Alternative/Renewable energy 7.53%5 Communications 7.32%6 Hotels & Tourism 5.49%7 Real Estate 3.00%8 Chemicals 2.89%

9Building & Construction

Materials 2.78%10 Transportation 1.89%

South Africa’s FDI South Africa’s FDI CompositionComposition

Source: The Financial Times Ltd

INVESTMENT ENVIRONMENTINVESTMENT ENVIRONMENT

&&

OPPORTUNITIESOPPORTUNITIES

WESTERNCAPE

EASTERN CAPE

FREE STATEKWAZULU/NATAL

NORTH WEST

NORTHERN PROVINCE

NORTHERN CAPE

JOHANNESBURG

BLOEMFONTEIN

KIMBERLEY

GEORGE

NELSPRUIT

MMABATHO

DURBAN

CAPE TOWN

PIETERMARITZBURG

PIETERSBURG

PRETORIA

UMTATA

PORT ELIZABETH

PAARL

GAUTENG

WELKOM

SALDANHA BAY

VREDENBURG

ATLANTIS

NQURA

EAST LONDON

PORT ST JOHNS

PORT EDWARD

RICHARDSBAY

PHALABORWA

MAPUTO

PONTA DO OURO

MOZAMBIQUEMAPUTO

PROVINCE

MBABANE

WITBANK

RUSTENBURG

Spatial Development Initiatives In South Africa

WEST COAST INVESTMENT INITIATIVE

FISH RIVER SDI

LUBOMBO SDI

WILD COAST SDI

KWAZULU-NATAL SDI.

MAPUTO

PLATINUM SDI PHALABORWA SDI

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Kisangani

Brazzaville

KanangaDar es Salaam

Menongue

Gaborone

PretoriaMaputo

Johannesburg

Durban

Port Elizabeth

Kinshasa

Bujumbura

Kigali

Maseru

Matadi

Huambo

Kimberley

East London

KahembaDodoma

Mtwara

Toamasina

Bloemfontein

Bulawayo

Livingstone

Mbandaka

Nacala

Kigoma

Mbabane

Pointe Noire

Port Gentil

Toliara

Antananarivo

Beira

Cape Town

Harare

Libreville

Lilongwe

Malanje

Lumumbashi

Lusaka

Mombasa

Nairobi

Walvis Bay

Windhoek

Democratic Republic of Congo

Tanzania

Rwanda

Burundi

Angola

Zambia

Malawi

Mozambique

Zimbabwe

Namibia

Botswana

South Africa

Swaziland

Lesotho

Congo

GabonKenya

"A

"A"A

Benguela

Namibe

Luanda

Madagascar

Possible Development Corridors & SDIs in SADC

LUBOMBO SDI

MALANGEDevelopment

Corridor

LOBITODevelopment

Corridor

NAMIBEDevelopment

Corridor

COAST-TO-COAST Corridor

TAZARA Development

Corridor

Walvis BayDev. Corridor

MAPUTODevelopment

Corridor

NACALADevelopment

Corridor

BEIRADevelopment

Corridor

Moving InMajor investment projects in other African nations by South African businesses since the end of apartheid

Aviation

Telecommunications

Manufacturing

Hotels & Retail

MiningSource: Business Map; New York Times

South Africa: Role in Africa

Energy & Oil