Department of Trade, Industry and CompetitionTyrone Gunnie2021-02-16T16:30:38+00:00
The Department of Trade, Industry and Competition (DTIC)
Who are we?
We are representatives of the South African national Department of Trade, Industry and Competition, and are part of the South African High Commission. We are responsible for, amongst others, the following:
Promotion of investment from the UK into South Africa;
Export of South African value added goods and services to the UK;
Promotion of joint projects development;
Support for the Black Economic Empowerment (BEE);
Support for the Small Medium Micro Enterprises (SMMEs); and
Support for the Bilateral and Multilateral economic cooperation.
What services do we offer to companies?
Investing in South Africa
Provide information on the business environment.
Provide information on the available investment opportunities.
Arrange investment missions and seminars.
Provide information on incentive packages.
Match investors to potential joint venture partners.
Offer guidance on locating in South Africa.
Buying from South Africa.
Match buyers with suppliers.
Provide information on capability of various sectors or industries.
Organize buying missions to South Africa.
Support buyers to attend certain trade shows and exhibitions in South Africa.
Selling in the UK
Provide information on prospective buyers, wholesalers and distributors.
Facilitate trade missions and seminars.
Arranging and supporting trade shows and exhibitions in the UK.
Provide market intelligence in respect of certain products and services.
10 Reasons to Invest In South Africa
Hot emerging market
South Africa has a growing middle class, affluent consumer base and excellent returns on investment.
No.1 diversified economy in Africa
South Africa is the leading services destination, regional manufacturing hub and most industrialized country in Africa.
Largest presence of Multi-Nationals (MNCs) on the African continent
South Africa is the multinationals’ location of choice. Global corporates enjoy benefits of doing business in the country, with its growing and supportive ecosystem as a hub for innovation, tech and fintech.
Progressive constitution and independent judiciary
South Africa has a progressive Constitution and an independent judiciary. It has a mature, accessible legal system, providing certainty and respect for the law. It is ranked No. 1 in Africa with regard to Strength of Investor Protection and Protection of Minority Shareholders’ Interests.
Favourable market access to global markets
South Africa is a signatory to the African Continental Free Trade Agreement (AfCFTA) which creates a market of more than one-billion people with a GDP of $3.3 trillion that will unlock industrial development. South Africa has several trade agreements that provide access to key export markets such as the EU, USA, Latin America and other regional economic communities.
Abundant natural resources
Rich in precious metals, it is the world’s leading producer of Platinum Group Metals, the sixth-largest producer of gold, has world-renowned underground mining expertise, and more than 110 listed mining operations.
Advanced financial service and banking sector
South Africa has a sophisticated banking sector with a major footprint in Africa and is a financial hub in Africa. The Johannesburg Stock Exchange is one of the world’s top 20 exchanges and the largest stock exchange in Africa by market capitalization (US$ 1.11 trillion).
World-class infrastructure and logistics
With an investment of more than R1 trillion ($65 bln) and continued investment in infrastructure, South Africa has the largest air and port network that links into the rest of the continent and the world. Ranked No. 1 in Africa by the World Bank’s Logistics Performance Index, it is ranked 50th globally for quality of roads and 13th globally for the length of railways. It has two of the world’s top container ports (Durban and Cape Town) and two of the world’s largest dry bulk ports (Richards Bay and Saldanha Bay).
Young trainable workforce
South Africa has a number of world-class universities (11 are ranked among the best in the world) and technical colleges, producing a skilled, talented and capable workforce. It offers a diversified skill set, emerging talent, a large pool of trainable labour, and government support for training and skills development.
Excellent quality of life
Favourable cost of living, diversified culture, cuisine and sports destination all year round. Renowned hospitality sector.