South African in­vest­ment into Africa

RISKSA Magazine - - CONTENTS - Source: Na­tional Trea­sury

South Africa has strength­ened its ties with sub- Sa­ha­ran Africa through im­proved trans­port, telecom­mu­ni­ca­tions, fi­nan­cial and diplo­matic links. In bank­ing, re­tail and cel­lu­lar tech­nol­ogy, South African firms are among the largest on the con­ti­nent. Africa ac­counted for 12 per cent of South Africa’s div­i­dend earn­ings in 2012, up from two per cent in 2002. South Africa is the sec­ond- largest de­vel­op­ing- coun­try in­vestor in Africa. The con­ti­nent ab­sorbs 28.2 per cent of South African ex­ports, up from 22.6 per cent in 2002.

South Africa also plays a role in chan­nelling global trade and in­vest­ment into the re­gion. In re­cent years, govern­ment has an­nounced tax and fi­nan­cial- sec­tor re­forms to en­cour­age greater in­vest­ment into and trade with other African coun­tries, and to pro­mote South Africa as a hub ub for fi­nan­cial ser­vices. By the end of 2013, 17 African com­pa­nies had bond and eq­uity list­ings tings on the JSE, and Namibia listed a sov­er­eign bond. Trea­sury has also an­nounced var­i­ous ar­i­ous ad­min­is­tra­tive re­forms to sim­plify cross- bor­der trans­ac­tions.

An­nual South h African trade and in­vest­ment into Africa:

2002 – R5.5 5.5 bil­lion

2007 – R12.6 R1 2.6 bil­lion

2012 – R24.3 R2 24.3 bil­lion

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.