ABOUT SOUTH AFRICA
Africa is a massive continent. It consists of 54 countries with diverse histories, economies, politics, legal and tax systems, and has a total population of some 1.1 billion people – or about 15% of the total world population. This makes it one of the most promising emerging markets in the world and, with a profusion of commercial opportunities not just in its wealth of natural resources but across the economic spectrum, a key global investment location.
As the most industrialised country in southern Africa, South Africa offers opportunities not only for companies as a dynamic domestic market but as a springboard to the rest of the continent.
From an FDI perspective, South Africa is an ideal place to invest in for a variety of reasons – a mature, accessible legal system, independent courts and judiciary, advanced financial services and banking sectors, well-developed local capital markets and the finest transport infrastructure in Africa. Read more..
- South Africa is the second largest economy in Africa, contributing 24% of African gross domestic product (GDP) and is part of the G-20 bloc
- South Africa is ranked as one of the five major emerging economies and therefore forms part of the BRICS group (Brazil, Russia, India, China and South Africa)
- The Johannesburg Stock Exchange (JSE) is the largest stock exchange in Africa
- South Africa has concluded more than 100 double taxation treaties worldwide, many with African countries
- South Africa is a natural holding company gateway into Africa with minimum requirements for accessing other sub-Saharan markets
- South Africa has low barriers to foreign direct investments allowing new capital to flow more easily into Africa
- The commercial legal system is closely based on overseas, particularly English law, models
- The cost of doing business in South Africa is generally low
- South Africa has excellent natural resources including coal, platinum, gold, iron ore, manganese nickel, uranium and chromium
- South Africa has a good availability of highly qualified, professional personnel
- South Africa has excellent professional, physical and telecommunications infrastructure
Registering your company in South Africa
South Africa is well suited to act as a base for investment into Africa and Sovereign Trust (SA) is able to assist with the incorporation of South African companies and trusts.
Company registration in South Africa is straightforward. A company is incorporated by lodging its Memorandum of Incorporation and various supporting documents and company forms with the Companies and Intellectual Property Commission (CIPC). A company may trade only when the Commissioner has issued it with a certificate to commence business.