|South Africa||20ft container||40ft container|
LCL shipping from our London office in Feltham TW14 post code
|Total Volume *||Johannesburg|
|Destination||50 kilos||200 kilos||500 kilos|
|Destination||50 kilos||200 kilos||500 kilos|
|Cape Town (CPT)||£140.00||£250.00||£410.00|
|East London (ELS)||£160.00||£290.00||£440.00|
|Port Elizabeth (PLZ)||£160.00||£290.00||£440.00|
* Documentation surcharge applies to any shipping to South Africa.
* For an accurate price, please use our online quotation form above and provide detailed information about your shipment requirement to South Africa.
South Africa is a sophisticated and promising market. It has a well developed economic infrastructure and opportunities in its emerging markets.
There are many UK investors in South Africa, including well known companies like Barclays, BAE Systems, BP, British Airways, Shell, Unilever, Virgin and Vodafone.
Strengths of the South African market include:
While South Africa is a well developed and promising market, there are some challenges when doing business there. These include:
South African capital markets are top rated in the world, making it easy to raise financing. South Africa has a strong services sector. The government has set up an infrastructure upgrade programme to reduce infrastructure problems in energy, transport and water. The programme should help create short term employment and help enable the economy to grow in the longer term.
The top sectors include:
The South African economy is forecast to grow at around 2% in 2015, up from 1.5% in 2014. This is expected to improve further in 2016 and 2017. However, there are still issues of unemployment, poverty and inequality.
South Africa is the most sophisticated and developed economy in Africa. South Africa is the ‘gateway to Africa’ for investors due to its:
The UK is a valued trading partner for South Africa, with annual bilateral trade worth just under £10 billion. Department for International Trade (DIT) is focusing on high value and infrastructure opportunities, which are part of the South African government’s development plan.
Top UK exports to South Africa are:
The business structures available in South Africa changed in 2011 when the New Companies Act was introduced. The structures available now are:
The private company and sole proprietor are the most common and useful structures for creating a business. Close Corporations (CC) are no longer being registered, but CCs that existed before 2011 can continue to exist.
The choice between the various types of entity will depend on many factors, including:
Trading names for companies must be registered with the Companies and Intellectual Property Commission (CIPC).
South African business and legal systems are similar to those in the UK. Labour law is governed by many acts that provide a structure for businesses to operate in. You’ll need to be familiar with some labour acts before trading in South Africa.7.1 Intellectual property (IP)
If a company is incorporated in or managed from South Africa, it’s considered to be South African for tax purposes. The question of residency needs to be addressed to avoid double taxation.
In South Africa, the central government levies most direct and indirect taxes. The tax regime is set by the National Treasury and managed by the South African Revenue Services (SARS). SARS collects revenue, ensures compliance with tax laws and regulates and controls customs. The provincial governments and local authorities also have limited taxing rights.
Value Added Tax (VAT) is the principal source of indirect taxation revenue in South Africa. It’s based on the same principles in the UK and there are certain exemptions for VAT.
A vendor must register for VAT if the taxable supplies for a 12 month period have, or are forecast to exceed R1 million per annum. A vendor may also voluntarily register for VATif the threshold of R50,000 has been exceeded in a 12 month period.
Other taxes include:
South Africa has a complex import process. SARS defines approximately 90,000 product tariff codes that are strictly enforced on all imports. You are encouraged to use a reputable customs clearance agent familiar with South African convention.
Customs South Africa (Customs SA), a division of SARS, requires that you register with its office to get an importer’s code. This can cause delays while clearing goods.
Import licenses are required for restricted items. You must have an import permit before the date of shipment. If you don’t, you may have to pay a penalty.8.3 Documentation
SARS uses a Single Administrative Document (SAD) to allow clearance of goods. The SAD is a multi purpose declaration form covering imports, exports, cross border and transit movements.
If you start a new business, or invest in an existing business in South Africa, you must apply for a business permit. Work permits will only be issued if South African citizens with the required skills are not available.