Prospects for Greek Entrepreneurship in Sub- Sahara Africa SOUTH AFRICA

EU Council President Herman Van Rompuy  "I hope the Summit [EU-Africa Summit 2014] will mark a new stage in our relationship with Africa.”  “It was time for a ‘shift from development cooperation to a partnership of equals with trade and investment playing a key role."

Geert Laporte of the European Centre for Development Policy Management. "In just a few years Africa has become an attractive bride that can choose among several candidates." "In just a few years Africa has become an attractive bride that can choose among several candidates."

Foreign Policy, Regions, EPA  EPA:  Negotiations for an Economic Partnership Agreement (EPA) with the EU continue. It is imperative that the EPA should support the South African Government’s objectives of strengthening regional integration and promoting domestic industrial development and job creation.

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

 South Africa:  Open economy.  A resilient and diversified international economy:  Statistics for the period 1982 to 2012 show that South Africa’s GDP growth follows global GDP growth trends.  On average, the economy has grown at 3.2 percent a year from 1994 to 2012, despite the global setback of the 2008 recession.

 Export/Import:  Export contributions are still below the 31% level reached in 2008  Imports stand at 36% of GDP  Most important imports are fuels, machinery and equipment, autos, medical equipment, medicines  Most important exports are commodities, autos, agro produce, the mining value chain

South Africa's total road network is about kilometers, of which over km are paved or surfaced roads. South Africa has an extensive rail network – the 10 th lengthiest in the world – connecting with networks in the sub-Saharan region. More than 50 airlines, making around 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. South Africa - global perspective 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: 2 nd most sophisticated financial market 2 nd lowest effective business tax rate 4 th ranked for ease of accessing capital 4 th ranked i.t.o. the cost of capital 6 th ranked for infrastructure 7 th for FDI as a % of GDP Source: Brazil National Confederation of Industry. Competition Brazil 2010: A Comparison of selected countries South Africa – emerging market perspective

The JSE Securities Exchange one of the world’s top 20 exchanges. 1 st for the regulation of securities exchange, strength of auditing & reporting standards by Global Competitiveness Report. 34 th out of 183 countries in the World Bank Ease of Doing Business 2011 –2 nd in the ease of getting credit –2 nd for good practice in protecting both borrowers and lenders –10 th in investor protection Economic Achievements Source: SouthAfrica.info

54 th out of 139 countries in the World Economic Forum’s Global Competitiveness Index. –9 th in financial market development –27 th in the protection of intellectual property Economic Achievements

Africa is becoming more attractive... Source: Ernst & Young’s Africa attractiveness survey

RankSectorProportion % 1Coal, Oil and Natural Gas25.13% 2Metals20.75% 3Automotive OEM8.15% 4Alternative/Renewable energy7.53% 5Communications7.32% 6Hotels & Tourism5.49% 7Real Estate3.00% 8Chemicals2.89% 9 Building & Construction Materials2.78% 10Transportation1.89% South Africa’s FDI Composition Source: The Financial Times Ltd

INVESTMENT ENVIRONMENT &OPPORTUNITIES

Spatial Development Initiatives In South Africa WEST COAST INVESTMENT INITIATIVE FISH RIVER SDI LUBOMBO SDI WILD COAST SDI KWAZULU- NATAL SDI. MAPUTO PLATINUM SDIPHALABORWA SDI

Possible Development Corridors & SDIs in SADC LUBOMBO SDI MALANGE Development Corridor LOBITO Development Corridor NAMIBE Development Corridor COAST-TO-COAST Corridor TAZARA Development Corridor Walvis Bay Dev. Corridor MAPUTO Development Corridor NACALA Development Corridor BEIRA Development Corridor

Moving In Major investment projects in other African nations by South African businesses since the end of apartheid Aviation Telecommunications Manufacturing Hotels & Retail Mining Source: Business Map; New York Times South Africa: Role in Africa Energy & Oil