SELECTING A DISTRIBUTOR OR AGENT IN SOUTH AFRICA Having operated in the industry for the past 20 years, we have come across many foreign companies that have had trouble finding the right distributor or agent in Africa. For foreign companies to succeed in Africa, the key is to find a distributor partner or agent in…
Following the World Bank’s approval of a US$ 497 loan for South Africa , the International Partners Group (IPG), comprised by the UK, France, Germany, the US and the EU, released a joint statement welcoming and endorsing South Africa’s Just Energy Transition Investment Plan. The partnership between the countries aims to accelerate the decarbonisation of…
The World Bank Group’s Board of Directors has approved South Africa’s request for a loan valued at US$497 Million for decommissioning and repowering of the Komati coal-fired power plant with renewable energy and batteries. International assistance for Energy Transition The last Komati unit was shut down on 31 October. According to national electricity utility Eskom,…
Western Cape consolidates status as tech hub in South Africa The Western Cape region of South Africa received billions in foreign investment between 2011 and 2021, according to the opposition Democratic Alliance (DA) party. Most recently, the region received ZAR 103 billion in foreign direct investment (FDI) in the technology sector. This consolidated the region’s…
Cannabis South Africa – Africa is about to get its first listing of a medical cannabis-focused Special Purpose Acquisition Company (SPAC). A local South African company, Cilo Cybin Holdings, has received the go-ahead to list on the Johannesburg Stock Exchange (JSE). The company hopes to raise 2 billion Rand ($115m) for the manufacturing of medicinal…
South Africa infrastructure development – Spending billions on improving public infrastructure According to South Africa’s finance minister Enoch Gondongwana, the National Treasury is set to spend R 812 billion on public infrastructure projects such as roads, bridges and other major projects over the next 3 years. This is a 30% increase in comparison to that…
Opportunities in South Africa – From the 5th to the 9th of September, the Electra Mining Africa 2022 Expo took place at the Johannesburg Expo Centre in Johannesburg, South Africa, successfully showcasing South Africa’s manufacturing and exporting capabilities. Goals of the Electra Mining Africa 2022 Expo For many companies, the Covid Pandemic meant less exposure…
Helium production – South Africa to become liquid helium producer After recent helium discoveries in the Free State province, the once largest gold mining complex in South Africa, the country is set to become one of just eight worldwide liquid helium producers. The Virginia Gas Project of domestic natural gas producer Renergen started construction in…
PAPSS – Transforming cross-border payments in Africa In January 2022, the Pan-African Payments and Settlement System (short PAPSS) was formally launched. PAPSS originated from a joint initiative of the African Continental Free Trade Area (AfCFTA) Secretariat, the African Export-Import Bank and the African Union (AU), is headquartered in Cairo, Egypt and is administered by the…
Employer of Record – Hire Staff and successfully do business in Africa without an incorporated entity. InterGest South Africa offers a service called Go2Africa –also known as an “Employer of Record” or EOR. The service includes InterGest South Africa becoming the legal employer of a worker in certain African countries. This means that we take…
