INTERNATIONAL TRADE
TRAINING & EVENTS
INTERNATIONAL TRADE COURSES MARCH-APRIL
SPOTLIGHT ON: SOUTH AFRICA
Brexit and the Customs Union – how to prepare for customs changes incorporating AEO Date: Price:
27 March
£260+VAT (members), £370+VAT (non-members)
Venue: Chamber offices, Leicester
Go global, grow global Date: Price:
28 March
£260+VAT (members), £370+VAT (non-members)
Venue: Chamber offices, Chesterfield
Intrastats explained Date: Price:
9 April
£139+VAT (members), £199+VAT (non- members)
Venue: Chamber offices, Chesterfield
Letters of credit Date: Price:
9 April
£260+VAT (members), £350+VAT (non-members)
Venue: Chamber offices, Nottingham
Incoterms®2010 Date: Price:
10 April
£139+VAT (members), £199+VAT (non-members)
Venue: Chamber offices, Chesterfield
Rules of origin and international trade preferences Date: Price:
11 April
£25+VAT (members), £35+VAT
(non-members)
Venue: Chamber offices, Chesterfield
Export documentation Date: Price:
30 April
£260+VAT (members), £370+VAT (non-members)
Venue: Chamber offices, Nottingham
For more information and to book your place on any of the above, call the Chamber’s dedicated International Trade team on 0333 320 0333 (option four) or visit
www.emc-dnl.c.uk/enabling-international-trade
MAIN PICTURE: South Africa is considered to be the ‘gateway to Africa’ OPPOSITE: Johannesburg financial district
South Africa is the most developed economy in Africa and is home to well-known companies in finance, business services, manufacturing, wholesale and retail. South Africa is the ‘gateway to
Africa’ for investors due to its ease of doing business, well developed finance and legal sectors, and ability to act as a base for critical services – such as auditing - for doing business on the rest of the continent. South Africa’s business
environment is challenging but still remains one of the best in the developing world. There are issues such as high unemployment and increased crime rates, together with a lack of investment in energy, transport and water infrastructure. Challenges are not insurmountable, and many are already being addressed. The development of governmental
interventions such as the National Development Plan and the New Growth Path provide a strong blueprint for tackling these issues. The country has also improved in a range of other areas around starting a business, registering property, trading across borders, enforcing contracts and paying taxes. The UK is a valued trading partner for South Africa, with
46 business network March 2019
annual bilateral trade worth just under £10bn. Export commodities from the UK include road vehicles, medical products and beverages. Many languages and dialects are spoken in South Africa, but English is the most widely understood, and the common business language. There are opportunities for UK companies in this market, particularly in high value infrastructure projects, which form part of the South African government’s development plan. The business organisation
structures available in South Africa changed in 2011 when the New Companies Act was introduced, which means that any UK business that sets up there will have to consider a number of factors when deciding which structure to use. Private company and sole
proprietor are the most common but elements such as complexity, the likelihood of raising capital, working with local partners and taxation need to be factored into any business structure decision. Trading names for all companies must be registered with the Companies and Intellectual Property Commission (CIPC). The good news is that South
African business and legal systems are similar to those that are found
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