BRICS - FIFTH BRICS SUMMIT

The Fifth BRICS Summit, Durban, South Africa

www.brics5.co.za @theDIRCOza thedircoza DIRCOza 26 – 27 M

arch 2013

FIFTH BRICS SUMMIT26 – 27 MARCH 2013, DURBAN, SOUTH AFRICA

BRICS and Africa: Partnership for development, integration and industrialisation

South Africa South Africa is one of the sophisticated and the most promising emerging markets in the world. The unique

combination of a well developed first world economic infrastructure and a rapidly emerging market economy

has given rise to an entrepreneurial and dynamic investment environment with many global competitive

advantages and opportunities.

South Africa’s Department of Trade and Industry (the dti) is proactive in ensuring the viability of the country’s

economic sectors and enterprises.

the dti Customer Contact Centre: 0861 843 384International callers: +27 12 394 9500

Local fax: 0861 843 888International Fax: +27 12 394 9501

Postal address: the dti, Private Bag X 84, Pretoria, 001Website: www.thedti.gov.za

- Invest in a dynamic economy

PAGE 04 / BRICS SUMMIT PUBLICATION

Contents6 Welcome

8 Foreword

10 Publisher’s note

14 BRICS: Looking forward

16 Proposed science and technology platform for BRICS

17 BRICS – Championing a new paradigm for economic cooperation

18 PICC – an infrastructure plan destined to change the face of South Africa

22 About BRICS

28 Benefitsfrompartnership

34 BRICS – Laying down a future road map for intense cooperation

36 About South Africa

40 Fast facts on Brazil, Russia, India and China

43 South Africa: Economic overview

46 BRICS – Why South Africa’s citizens should care

48 2013/14 Budget summary

51 BRICS: Promoting investment potential

52 BRICS Development Bank to be the centrepiece of the summit

54 RENMINBI: New choice for global trade and investment

56 Looking to the East to accelerate economic growth

57 WNS acquires Fusion Outsourcing

58 DAFF offers opportunities for investment

64 SIZAGRAPH: A leader in renewable energy

66 DBSA on regional integration

72 2013 African airport of the year

74 The blue economy: BRICS maritime agenda

79 Investment in mining

80 DENEL – Defence and technology

84 SAfilmindustryinthespotlight

88 Eastern Cape

90 Chinese automaker starts building in SA

91 SA – an attractive international tourism destination

94 Free State

96 Gauteng

99 Joburg, Africa’s business hub

100 KwaZulu-Natal

102 Limpopo

104 Mpumalanga

106 Northern Cape

112 Western Cape

114 North West

118 Invest in the North West Province

CONTENTS

SOURCES

Department of Trade and Industry, Brand South Africa, StatsSA,

Census 2011, South Africa The Good News, Department of

International Relations and Cooperation, MediaClubSouthAfrica.

SPECIAL THANKS

Department of International Relations and Cooperation, Brand

South Africa, Wonderland Collective, Kwintessential, Weblingo,

Creative Expressions, Barry Hiles.

DISCLAIMER

Although the publisher has made every effort to ensure that

the information in this book is correct, the publisher does not

assume and hereby disclaim any liability to any party for any

loss, damage or disruption caused by errors or omissions.

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like durbanthewarmestplacetobe

et me welcome you all to South Africa and to the city of

Durban in the beautiful KwaZulu-Natal. This province is known

for its beauty, warm and friendly people, diverse and colourful

culture as well as stretch of golden beaches. It is known for its

rich history of bravery and military conquest, displayed in the

early years of our history, under the reign of the legendary King Shaka,

after whom the airport you landed at, is named.

We are welcoming you to a province which was home to some of

the greatest leaders, our country’s first Nobel Peace Prize Laureate,

Chief Albert Luthuli, and also at some point, the legendary Mahatma

Gandhi. Both were distinguished fighters for freedom, justice and

human rights for all.

This is also the city and province in which the founding President of a

free and democratic South Africa, our icon, President Nelson Mandela,

cast his vote for the first time on 27 April 1994, launching a new era

of freedom and democracy in our country. We are therefore truly

honoured to host you in this province and country, at the fifth Summit

of the BRICS countries.

When we were invited to join this formation in December 2010, we

were inspired that our vision to strengthen South-South relations

would become a reality. This is a vision we have set ourselves to

achieve through promoting development and enhancing cooperation

among emerging market economies. The BRICS member states reach

across Asia, Europe, Latin America and Africa, ensuring that the

group links emerging powers and raises the voices of these countries

as a whole in the world.

Throughout our various interfaces with our BRICS partners, we have

always made it clear that our membership of this formation is not only

intended to advance our own economic development alone, but that

of the entire African continent. This is why we have undertaken to

craft a more dynamic trade and investment strategy that will ensure

sound development of Africa. This is all reflected in the theme of our

summit – “BRICS and Africa: Partnership for development, integration

and industrialisation”.

I am positive that this summit will be a success and will translate

many of our areas of convergence and common interest into reality.

We look forward to outcomes that all member states can be proud

of. I also wish to extend a kind invitation to our current and potential

investors to explore the various opportunities presented by BRICS and

utilise them meaningfully.

We trust that you will enjoy your stay in our beautiful country.

JACOB ZUMAPRESIDENT OF THE REPUBLIC OF SOUTH AFRICA

FIFTH BRICS SUMMIT, 26 TO 27 MARCH 2013DURBAN, SOUTH AFRICA

BRICS AND AFRICA: PARTNERSHIP FOR DEVELOPMENT, INTEGRATION AND

INDUSTRIALISATION

President’sWelcome

L


WELCOME

s the youngest member of the grouping of emerging economies

of BRICS (Brazil, Russia, India, China and South Africa), we are

privileged to attract the attention of the world to South Africa and

Africa in the hosting of the fifth BRICS Summit on our shores. Our

country has extensive experience in hosting big events, including

the 2010 FIFA World CupTM, the recently concluded Africa Cup of Nations,

Rugby and Cricket World Cups, United Nations Climate Change Conference

(COP17) and the Global African Diaspora Conference. We hope that you find

time in your busy schedules to tour our beautiful country.

When South Africa accepted the invitation to join the group of emerging

economies, critics again had much to say on why South Africa was not a

suitable brick within BRICS. Many of these voices have now been silenced as

the facts speak for themselves.

Our membership of this body has indeed expanded BRICS’ geographic and

inter-continental reach, including its global representivity and inclusiveness.

South Africa itself has a population of 50 million and an economy worth

approximately US$ 527 billion. Our per capita income level at purchasing power

parity compares favourably with BRICS partners estimated at US$ 11 000 (after

the Russian Federation at $16 700 and Brazil at $11 845).

South Africa’s comparative advantage within BRICS pertains to South

Africa’s considerable non-energy in situ mineral wealth. In a recent report

commissioned by the US-based Citigroup bank, South Africa was ranked as

the world’s richest country in terms of its mineral reserves, worth an estimated

US$2,5 trillion. South Africa is the world’s largest producer of platinum,

chrome, vanadium and manganese, and the third-largest gold miner, as well as

offers highly sophisticated mining-related professional services, contributing

significantly to the BRICS resource pool.

South Africa is investing R300 billion ($35,6 billion) into expanding and

improving its railways, ports and fuel pipelines, as a catalyst to help unlock

the world’s greatest mineral wealth. Africa will also continue to be buoyed by

the exploding global demand for oil, metals, minerals, food and other natural

resources. Likewise, the African continent, which is arguably one of the world’s

largest unexplored resource basins, has an abundance of riches, including

10% of the world’s oil reserves, 40% of its gold ore and 95% of platinum. The

demand from BRICS countries for these commodities has been a critical source

to support growth on the continent.

In the recently issued World Economic Forum’s Report on Global

Competitiveness that benchmarks the performance of 144 nations, including

South Africa, the country performed particularly well against the report’s

financial pillars. With regard to financial market development, South Africa

ranks first among the BRICS nations, and third overall in the world. Other key

areas where South Africa performed well in comparison to its fellow BRICS

nation members were the Legal Rights Index, the Regulation of Securities

Exchanges, the Efficacy of Corporate Boards and the Strength of Auditing and

Reporting Standards, where South Africa was placed first against each pillar.

Again, these are critical areas that can encourage inward investment.

Our interaction with fellow BRICS states is premised on three levels of

engagement: firstly, national, where we advance our national interests; secondly,

regional, where we promote regional integration and interaction with specific

emphasis on the African Union mandate given to President Jacob Zuma to

promote infrastructure development across the continent; and, thirdly, on a

global level, where we advocate for a more inclusive global governance system.

We want to ensure that our membership of BRICS benefits the entire continent

and this summit constitutes another high-level opportunity to further support

key priority areas of the African Agenda. Africa is emerging as one of the fastest-

growing markets with the potential of future growth due to the demographic

basis underpinning this growth and the new consumer market that is emerging.

The BRICS countries now constitute the largest trading partners of Africa and

the largest new (not total) investors. The BRICS investment portfolio in Africa is

very encouraging and promising. Over the past decade, we have seen a seismic

acceleration of commercial and strategic engagements between the BRICS and

Africa. BRICS has nourished Africa’s economic emergence and elevated the

continent’s contemporary global relevance.

The theme for the summit is “BRICS and Africa: Partnership for development,

integration and industrialisation”. We are determined to ensure the summit

outcomes live up to this theme and produce an implementable programme of

action. Working together we can create a better South Africa, a better Africa

and a better world.

MAITE NKOANA-MASHABANEMINISTER OF INTERNATIONAL RELATIONS AND COOPERATIONREPUBLIC OF SOUTH AFRICA


FOREWORD

ABY MAITE NKOANA-MASHABANE

Foreword

africa – the cornerstone of south africa’s foreign policyOur struggle for a better life in south africa is intertwined with our pursuit

of a better africa in a better world. Regional and

continental integration is the foundation for africa’s

socio-economic development and

political unity. the

strengthening of the african Union (aU) and

its structures is a strategic

priority in deepening

the continental integration process and infrastructure development,

paving the way for improved intra-africa trade. In the past

few years, the Department of International Relations and

Cooperation has been at the helm of a number of south africa’s

international milestones, including the successful

COP17/CMP7, our election to the UNsC for a second term and our recent inclusion into

BRICs. at the top of our agenda is the need to ensure that

our continent remains a zone of peace, stability and economic development, translating

into the creation of a better south africa, a better africa

and a better world.

International Relations and CooperationDepartment:

REPUBLIC OF SOUTH AFRICA

international relations& cooperation

his publication endeavours to market South Africa’s economy

to the world and is a noteworthy addition to the programme

promoting foreign direct investment into the country –

particularly into those sectors identified by the South African

Government as priority sectors for growth and development.

Opportunities such as the trade exhibition, associated with the BRICS

Summit and hosted by the Department of Trade and Industry, providing

one-on-one interaction, is a vital catalyst for economic activity in the

current global economic climate. Potential investors who participate in

such events are more likely to invest their money in concrete projects

that they are acquainted with, versus those they have only contemplated

abstractly from afar.

Through the successful hosting of the 2010 FIFA World CupTM, COP17

Summit and the 2013 Africa Cup of Nations – won by Nigeria – it is clear that

South Africa is a vibrant destination that is illuminated as a premier trade,

investment, business and tourism hub.

Time Media thanks the Department of International Relations and

Cooperation, all its contributors, staff and associates in producing this

publication. We trust that the success stories in it inspire you to accelerate

investment into South Africa.

DALI CHIWARACEO – TIME MEDIA

IT IS WITH GREAT PRIDE THAT TIME MEDIA, IN COLLABORATION WITH THE DEPARTMENT OF

INTERNATIONAL RELATIONS AND COOPERATION, PRESENTS

THE OFFICIAL FIFTH BRICS SUMMIT PUBLICATION

Publisher’sNote

T


PUBLISHER’S NOTE


A 26-country, US$1-trillion tripartite free trade area of East, Southern and Central Africa – expanding the African market to 600 million people

THE FIFTH BRICS SUMMIT. 26 – 27 MARCH 2013. DURBAN, SOUTH AFRICA. “BRICS and Africa: Partnership for development, integration and industrialisation”

www.brics5.co.za


A 26-country, US$1-trillion tripartite free trade area of East, Southern and Central Africa – expanding the African market to 600 million people

THE FIFTH BRICS SUMMIT. 26 – 27 MARCH 2013. DURBAN, SOUTH AFRICA. “BRICS and Africa: Partnership for development, integration and industrialisation”

www.brics5.co.za

AS SOUTH AFRICA HOSTS THE FIFTH BRICS SUMMIT, THE WORDS OF KWAME NKRUMAH ARE PERTINENT:

“WE FACE NEITHER EAST NOR WEST, WE FACE FORWARD.”

ore recently, Nkrumah’s sentiments were echoed most

recently by President Jacob Zuma during the 2013

State of the Nation Address, during which he reiterated

that South Africa placed great importance on relations

with countries of the North and of the South.

We are living in challenging times as the advanced economies

continue to show muted growth. Despite this, emerging markets

continue to lead global growth. This trend requires us to evaluate

our partnerships and identify new opportunities. But, forging new

partnerships is not about replacing existing ones. It is not about

exchanging existing partnerships with the North for those with the

South. Nor is it about replacing actors from the West with those from

the East. Instead, it is recognition of the economic transformation

that is underway and the increasingly common agenda that is

unfolding among developing countries as well as those developed

countries that empathise with the developing world.

It is against this backdrop of the shifting economic power that South

Africa’s key objectives in BRICS must be understood. As a progressive

initiative of leading emerging economies, the BRICS countries are

working together to foster deeper economic and political cooperation

among themselves as well as with other emerging markets and

developing countries.

South Africa’s participation in the BRICS is thus premised on four

objectives:

• firstly,todeepeneconomicandfinancialcooperationwithBrazil,

Russia, India and China as part of the BRICS forum to address

South Africa’s domestic economic plans

• Secondly,tostrengthenrelationswithBRICSandensureAfrica

remains an important part of global production value chains and

prevent marginalisation of the continent through the promotion of

regional integration

• thirdly,tosupportandcontributetoshapingthereformsof

multilateral fora

• finally,toestablishaknowledgeexchangeandsharingplatform.

Issues on the BRICS finance agenda for the 2013 summit are

illustrative of all four considerations.

FINANCE ISSUES AT THE 2013 SUMMIT

The BRICS Interbank Cooperation Mechanism agreements that will be

signedbyBRICSdevelopmentfinanceinstitutionswilladdressthefirst

objectiveofdeepeningeconomicandfinancialcooperation.Throughthese

agreements,BRICScountrieswillseekinnovativewaysinwhichfinance

Looking forwardBRICS:

M

BY PRAVIN GORDHANMINISTER OF FINANCE, SOUTH AFRICA


EDITORIAL CONTRIBUTION


can facilitate greater trade and investment among the BRICS economies.

Similarly, the discussion on the new Development Bank and the

Contingent Reserve Arrangement, which aims to forestall short-

term liquidity pressures in BRICS countries, will speak to the BRICS’

determination to pool our resources towards more measurable

mutual development. The proposed Development Bank will finance

infrastructure in BRICS and other emerging markets and developing

countries. Infrastructure is one of the major hurdles, for example, to

greater economic linkages among African nations.

The second objective of the role of BRICS in partnering with Africa

recalls the commitment made by BRICS leaders at the Sanya

Summit in 2011 to support Africa’s infrastructure development and

industrialisation. The conversation that will take place between BRICS

and African leaders will lend impetus to this objective.

The third objective of reshaping the reforms of multilateral fora

will be addressed during discussions on the ongoing reforms of the

International Monetary Fund (IMF), including the question of a third

chair for Sub-Saharan Africa on the Executive Board of the IMF.

Finally, the launch of the BRICS Think-Tank will, among other things,

play a critical role in facilitating a vibrant exchange of knowledge

on how best to address commonly shared concerns about poverty,

unemployment and inequality towards a better life for our people.

CALLING ON THE PRIVATE SECTOR

In recognition of the key role that the private sector plays in

economic growth and development, we look forward to the

establishment of the BRICS Business Council. As much as the BRICS

governments may work together to increase cooperation between

our countries, it is private enterprises that will drive growth. Through

this initiative, the public sector can make informed decisions by

engaging actively with the private sector.

Government’s approach to BRICS has been collaborative, driven

by the understanding that South Africa’s financial sector is one of

the most stable and well-managed globally. We have sought closer

collaboration with our stakeholders in the finance family such as

the Banking Association of South Africa and the Association for

Savings and Investment SA, as well as various development finance

institutions. We continue to encourage ideas and initiatives from

the private sector to ensure that in our engagement with BRICS, we

consolidate our position as the financial centre of Africa.

The sum of our combined efforts as government, business and civil

society will indeed ensure that South Africa’s membership of BRICS

effectively demonstrates how international partnership can take our

domestic and continental development agenda forward.

“We face neither East nor West, we face forward”

BRICS SUMMIT PUBLICATION / PAGE 15


Proposed science and technology platform for BRICS

South Africa believes that Brazil, Russia, India, China and South Africa’s (BRICS) science and technology platform will be an important cornerstone of the BRICS partnership.

The platform will be based on openness and mutual benefit, and promote a whole spectrum of activities, including:

•policydialogues•informationsharing,trainingand

personnel exchanges•facilitatingaccesstolarge-scale

research facilities, and•technologytransfer.

South Africa is fully committed to ensuring the sustainability and success of the BRICS partnership.

MESSAGE BY SOUTH AFRICA’S MINISTER OF SCIENCE AND TECHNOLOGY, DEREK HANEKOM



outh Africa is hosting the fifth Brazil, Russia, India, China and South

Africa (BRICS) Summit and the first meeting of BRICS leaders

on African soil in Durban on 27 March 2013. This historic event,

convened under the theme “BRICS and Africa – Partnership for

development, integration and industrialisation”, was preceded by a

meeting of the BRICS ministers of trade and economic development on

26 March 2013.

South Africa’s membership of the BRICS forum has become a vital element of

our global economic strategy, and as the BRICS Chair, South Africa will play a

key role in shaping the agenda for economic cooperation.

There are four strategic considerations that anchor our participation in the

BRICS forum. Firstly, in the current global economic environment, South

Africa seeks to use the BRICS forum to build stronger economic linkages with

the world’s fastest-growing and most dynamic economies. The International

Monetary Fund’s latest forecast for 2013 indicates that emerging market and

developing economies will grow by 5,5% this year, compared to growth of

1,2% in advanced economies.

While South Africa’s economic links with established trading partners remain

important, our prospects for growth and development will depend increasingly

on diversifying and strengthening our economic links with these dynamic

economies of the South and with Africa. The expansion of South Africa’s

trade and direct investment with the countries of the South, notably the BRIC

countries, continues and it is striking that the share of the BRIC countries in

South Africa’s total trade almost doubled from 10% in 2005 to 18,6% in 2011.

Secondly, the BRICS forum provides a platform to address some of the

challenges arising from the rapid growth in intra-BRICS trade. A core concern

for South Africa is the structure of trade, whereby our exports to China, India

and Brazil continue to be dominated by low value-added products in exchange

for manufactures. One of the priorities for our term as BRICS Chair is to

coordinate a joint study to explore ways to promote more value-added exports

that will support our industrial development objectives.

In Durban, we are convening the fourth BRICS Business Forum. The Business

Forum, which has set the target of US$500 billion in intra-BRICS trade by 2015,

plays a significant role in forging beneficial relationships between the business

communities of our countries. We will also launch the BRICS Business Council,

which will facilitate the increase of exports of value-added products, as well as

encourage investments between the five countries.

Thirdly, there is a historic opportunity for the BRICS countries to champion a

new paradigm for collaboration for more sustainable, equitable and mutually

beneficial development. This should involve closer cooperation among the

BRICS countries to support our growth, development and poverty objectives,

building on our respective economic strengths and avoiding destructive

competition. This may be achieved by identifying complementarities in key

growth sectors and through a value-chain approach, to cooperate to build the

industrial capacities of our respective economies.

Finally, the BRICS forum offers a unique opportunity for BRICS countries to

extend and advance their cooperation in ways that meaningfully promote the

economic development agenda of other developing countries and regions.

The BRICS countries are already deeply involved in Africa’s economic

transformation process and their presence is growing significantly. This is

reflected in rapidly growing trade and investment flows as well as economic

cooperation activities across a range of sectors. We would want to advance

an agenda in the BRICS forum that will see BRICS countries enhance their

cooperation and collaboration to provide more decisive impetus to Africa’s own

strategies for inclusive and sustainable development.

Two years ago at the Sanya Summit, BRICS leaders established the Contact

Group on Economic and Trade Issues to develop and advance joint work

programmes on a range of trade, investment and economic matters. The

contact group is working to strengthen BRICS coordination in the multilateral

arena, notably in the World Trade Organisation, and to advance cooperation

on key aspects of intra-BRICS trade issues, small and medium enterprise

development, and investment policy and promotion.

South Africa will also articulate and promote the African economic development

agenda as agreed by African governments, particularly in respect of support

to continental integration, infrastructure development and industrialisation.

BRICS partners have already committed to support Africa’s infrastructure

development and industrialisation and the eventual establishment of a BRICS-

led Development Bank would signify meaningful progress in this respect.

Deepened cooperation between BRICS countries, the leading emerging

economies in the world, and Africa with its much improved development

prospects, abundant natural resources, growing consumer power and

favourable demographics offer enormous potential for building Africa-BRICS

economic cooperation on a sustainable and mutually beneficial basis over the

next decades. This opportunity should be seized.

Championing a new paradigm for economic cooperation

SBY DR ROB DAVIES

MINISTER OF TRADE AND INDUSTRY, SOUTH AFRICA

BRICS –



outh Africa has embarked on its

biggest infrastructure expansion

programme to date, a plan that

is critical to the country’s long-

term development, and which

will result in a profound shift and

reindustrialisation of the economy.

The Presidential Infrastructure Coordinating

Commission (PICC), established in 2011 by the

President of South Africa, Mr Jacob Zuma, has

as its primary mandate the task of planning and

coordinating the National Infrastructure Plan

across all three spheres of government. The plan is

centrally monitored and driven by the PICC.

Individual projects are clustered, prioritised and

sequenced into strategic integrated projects, the

SIPs for short. Over 150 projects, overseen by the

PICC, are at various stages of development, with

some currently underway across the country, and

in various parts of the continent, with many still in

the pipeline over the next few years (more details

on the SIPs below).

We can already measure the impact of the

infrastructure plan in terms of the level of

public investment as a percentage of gross

domestic product – which has in the past two

years risen to just under 8%, from a level just

below 7%.

The proposed Infrastructure Development Bill

aims to further assist government to fast-track key

infrastructure projects.

Infrastructure development has emerged as

a priority not only for South Africa, but in the

African Union’s programmes for the continent. It is

recognised that infrastructure development will be

central to the continent’s development.

South Africa’s invitation into the Brazil, Russia,

India, China and South Africa (BRICS) network

ensures that we are able to advance our

infrastructure and economic objectives not only

for South Africa, but on the continent as a whole.

S

PAGE 18 / BRICS SUMMIT PUBlICATION


The DeparTmenT of economic DevelopmenT, republic of SouTh africa

an infrastructure plan destined to change the face of South Africa

PICC –

Brics summit puBlication / paGE 19


ABCs of SIPs

there are 18 strategic integrated projects (sips)

within which the projects are located. the sips

must transform the economic landscape by

unlocking opportunity, creating jobs, strengthening

delivery of services and supporting the integration

of economies on the continent.

There are five geographically focussed SIPs,

three spatial, three energy, three related to social

infrastructure, two knowledge sips, one focussed

on regional integration, and one on water and

sanitation.

SIP 1: Unlocking the northern mineral belt with

the Waterberg as the catalyst

the sip seeks to unlock the mineral resources in the

northern belt through the provision of much-needed

infrastructure. the components of the sip are:

• rail, water pipelines, energy generation and

transmission infrastructure

• urban development in Waterberg – first major

post-apartheid new urban centre will be a

“green” development project

• rail capacity to Mpumalanga and Richards Bay

• shift from road to rail in Mpumalanga

• logistics corridor to connect Mpumalanga and

Gauteng.

SIP 2: Durban-Free State-Gauteng Logistics and

Industrial Corridor

the aims of the sip are to strengthen the logistics

and transport corridor between south africa’s

main industrial hubs with the following elements:

• improve access to Durban’s export and import

facilities

• integrate Free State Industrial Strategy

activities into the corridor

• new port in Durban

• aerotropolis around OR Tambo International

airport.

SIP 3: South-Eastern node and corridor

development

the aim of the sip is to support economic

development in the Eastern cape, connecting to

opportunities and resources in northern cape and

KwaZulu-natal. this will spur re-industrialisation

of one of the poorest regions in south africa. the

components of the sip are:

• new dam at Mzimvubu with irrigation systems

• N2-Wild Coast Highway which improves

access into KwaZulu-natal and national

supply chains

• strengthen economic development in Port

Elizabeth through a manganese rail capacity

from the northern cape

• a manganese sinter (Northern Cape) and

smelter (Eastern cape)

• possible Mthombo refinery (Coega) and

transshipment hub at ngqura and port and rail

upgrades to improve industrial capacity and

performance of the automotive sector.

SIP 4: Unlocking the economic opportunities in

North West

the objective of the sip is to accelerate investments

in road, rail, bulk water, water treatment and

transmission infrastructure to facilitate development

of mining, agriculture and tourism.

SIP 5: Saldanha-Northern Cape Development

Corridor

This corridor, with its main focus on expanding

iron ore rail capacity, seeks to industrialise

the saldanha area while further supporting

regional integration is one of the key objectives of

accelerating infrastructure projects on the continent,

and will reduce barriers to trade and development.

Government has identified several projects, as part

of sip 17, which will be undertaken, or are currently

under construction. these include the lesotho

Highlands Water Project Phase 2, the North-South

corridor (championed by president Zuma), as well

as the square Kilometre array (sKa) project.

in addition, there are projects implemented within

South Africa, such as the SIP 2: Durban-Free State

and Gauteng logistics and industrial corridor that

have strong linkages to the region. the improvement

of cargo facilities, roads, rail and ports along this

corridor will enable faster movement of goods

between south africa and her neighbours.

Economic growth for sub-saharan africa averaged

5% a year in 2010 and 2011, and the expectation is

that it will remain between 1% and 2% above the rest

of the world for the foreseeable future.

this growth bodes well for south africa’s economic

development – about a fifth of the country’s exports

go to the rest of the continent. south african

companies, including state-owned, have major

investments in the continent.

The establishment of a BRICS Development Bank,

which will provided much-needed development

finance, is key to funding the various projects that

will unlock economic potential and foster regional

economic development.

mining development in the Northern Cape. The

elements of the SIPs are:

•integratedrailandportexpansion

•back-of-portindustrialcapacity(includingan

industrialdevelopmentzone)

•strengtheningmaritimesupportcapacityfor

oilandgasalongtheAfricanWestCoast

•expansionofironoreminingproductionand

beneficiation.

SIP 6: Integrated Municipal Infrastructure

Project

ThisSIPseekstodevelopnationalcapacitytoassist

the23leastresourceddistricts(19millionpeople)to

addressallthemaintenancebacklogsandupgrades

requiredinwater,electricityandsanitationbulk

infrastructure.Theroadmaintenanceprogramme

willenhanceservicedeliverycapacity,thereby

impactingpositivelyonthepopulation.

SIP 7: Integrated Urban Space and Public

Transport Programme

Coordinate planning and implementation of

publictransport,humansettlement,economic

andsocialinfrastructureandlocationdecisions

intosustainableurbansettlementsconnected

bydensifiedtransportcorridors.Thiswill

focusonthe12largesturbancentresofthe

country,includingallthemetrosinSouthAfrica.

Significantworkisunderwayonurbantransport

integration.

SIP 8: Green energy in support of the South

African economy

Supportsustainablegreenenergyinitiatives

onanationalscalethroughadiverserange

ofcleanenergyoptionsasenvisagedinthe

IntegratedResourcePlan(IRP2010)and

supportbio-fuelproductionfacilities.This

includessolarandwindenergy,solarwater

heatersandbiofuels.

SIP 9: Electricity generation to support socio-

economic development

Acceleratetheconstructionofnewelectricity

generationcapacityinaccordancewiththe

IRP2010tomeettheneedsoftheeconomy

andaddresshistoricalimbalances.Monitor

implementationofmajorprojectssuchasnew

powerstations:Medupi,KusileandIngula.

SIP 10: Electricity transmission and distribution

for all

Expandthetransmissionanddistribution

networktoaddresshistoricalimbalances,

provideaccesstoelectricityforallandsupport

economicdevelopment.

Alignthe10-yeartransmissionplan,theservices

backlog,thenationalbroadbandroll-outand

the freight rail line development to leverage off

regulatoryapprovals,supplychainandproject

developmentcapacity.

SIP 11: Agri-logistics and rural infrastructure

Improveinvestmentinagriculturalandrural

infrastructurethatsupportsexpansionof

productionandemployment,small-scalefarming

andruraldevelopment,includingfacilitiesfor

storage(silos,fresh-producefacilities,packing

houses);transportlinkstomainnetworks

(ruralroads,branchtrain-line,ports);fencing

offarms;irrigationschemestopoorareas;

improvedresearchanddevelopmentinrural

issues(includingexpansionofagricultural

colleges);processingfacilities(abattoirs,dairy

infrastructure);aquacultureincubationschemes;

andruraltourisminfrastructure.

SIP 12: Revitalisation of public hospitals and

other health facilities

Buildandrefurbishhospitals,otherpublic

healthfacilitiesandrevamp122nursing

colleges.Therewillbeextensivecapital

expendituretopreparethepublichealthcare

systemtomeettherequirementsofthe

NationalHealthInsurancesystem.TheSIP

containsmajorbuildsforsixhospitals.

PAGE 20 / BRICSSuMMITPuBlICATIoN


SIP 13: National School Build Programme

A national school build programme driven by

uniformity in planning, procurement, contract

management and provision of basic services.

Replace inappropriate school structures and

address basic service backlog and provision of

basic services under the Accelerated School

Infrastructure Delivery Initiative. In addition,

address national backlogs in classrooms, libraries,

computer labs and administrative buildings.

Improving the learning environment will

strengthen outcomes especially in rural schools, as

well as reduce overcrowding.

SIP 14: Higher Education infrastructure

Infrastructure development for Higher

Education, focussing on lecture rooms, student

accommodation, libraries and laboratories, as well

as information and communications technology

(ICT) connectivity. University towns will be

developed, with a combination of facilities from

residence, retail to recreation and transport. It will

have the potential to ensure shared infrastructure

such as libraries by universities, further education

and training and other educational institutions.

Two new universities will be built in Northern Cape

and Mpumalanga.

SIP 15: Expanding access to communications

technology

Provide for broadband coverage to all

households by 2020 by establishing core

points of presence (POPs) in district

municipalities, extend new Infraco fibre

networks across provinces linking districts,

establish POPs and fibre connectivity at local

level and further penetrate the network into

deep rural areas.

SIP 16: SKA and Meerkat

SKA is a global mega-science project, building

an advanced radio-telescope facility linked to

research infrastructure and high-speed ICT

capacity and provides an opportunity for Africa

and South Africa to contribute towards global

advanced science projects.

SIP 17: Regional integration for African

cooperation and development

Participate in mutually beneficial infrastructure

projects to unlock long-term socio-economic

benefits by partnering with fast-growing African

economies with projected growth ranging

between 3% and 10%.

BRICS SUMMIT PUBlICATION / PAGE 21


The projects involving transport, water and

energy also provide competitively-priced,

diversified, short- and medium- to long-

term options for the South African economy

where, for example, electricity transmission in

Mozambique (Cesul) could assist in providing

cheap, clean power in the short-term while

Grand Inga in the Democratic Republic of Congo

is long-term.

All these projects complement the Free

Trade Area discussions to create a market of

600 million people in South, Central and

East Africa.

SIP 18: Water and sanitation infrastructure

This is a 10-year plan to address the

estimated backlog of adequate water to supply

1,4 million households and 2,1 million households

with basic sanitation.

The project will involve provision of

sustainable supply of water to meet social

needs and support economic growth.

Projects will provide for new infrastructure,

rehabilitation and upgrading of existing

infrastructure, as well as improved

management of water infrastructure.

RICS is an acronym for the powerful

grouping of the world’s leading

emerging market economies,

namely Brazil, Russia, India, China

and South Africa. It aims to achieve

peace, security, development

and cooperation. It also aims at

contributing significantly to the development

of humanity and establishing a more equitable

and fair world order. The first BRIC Summit

took place in Yekateringburg, Russia, where the

elected leaders of the four countries formally

declared the membership of the BRIC(S)

economic grouping. South Africa was invited to

join the the grouping in December 2010, resulting

in BRICS.

BRICS has since its inception had a positive

approach to international issues in a cooperative

spirit. The countries have individually emerged to

become new locomotives for global growth. China

has recently been ranked as the second-biggest

economy in the world; India currently stands as the

10th-largest economy in gross domestic product

(GDP) in nominal terms, and is the fourth-largest

economy in terms of GDP at Purchasing Power

Parity (PPP). In 2011, Brazil became the world’s

sixth-largest economy and Russia is currently the

ninth-biggest economy. South Africa is ranked as

the 26th-largest economy.

BRICS countries coordinate their positions and actions

in international organisations, as seen in the United

Nations (UN) and its various specialised agencies,

etc. In the midst of the current global economic crisis,

many countries in the world have weathered its effects

due to economic cooperation with BRICS countries.

Expansion of BRiC(s) into BRiCs

South Africa was endorsed with membership of this

economic and political entity in December 2010 and

on 14 April 2011, South African President Jacob Zuma

attended the third BRICS Summit in Sanya, China.

Being part of this grouping is in line with South

Africa’s foreign policy objective of strengthening

South-South relations. The present context of

international relations and cooperation between

Asian, African and Latin American countries

– collectively known as countries of the South –

remains critical, and has become more important

than ever before.

South Africa’s membership of BRICS is premised

on its regional, continental and global role as well

as its domestic achievements in the “proudly South

African manner”.

South Africa joined BRICS with three objectives

in mind:

• to advance its national interests as outlined in the

President’s State of the Nation Address

• to promote its regional integration programme

and related continental infrastructure

programmes

• to partner with key players of the South on issues

related to global governance and its reform.

South Africa’s membership of this body

has expanded BRICS’ geographic and

intercontinental reach, including its global

representivity and inclusiveness.

statistiCs

• In 2011, the BRICS’ share of GDP based on PPP

amounted to about 20 % (estimated US$13,7 trillion).

• BRICS countries have increased their share of

global GDP threefold in the past 15 years.

• BRICS’ share of global output will increase from

18% (according to market exchange rates), to 25%

to 26% over the next 10 years and even to one-

third by 2030.

• In PPP terms, it is about 30% of the world’s GDP

at the moment. By 2020, it will be 37% to 38%

and reaching 45% by about 2030.

• BRICS countries occupy 30% of the global

territory.

• They are home to 45% of the world’s population.

• The contribution to global economic growth over

the last decade has reached 50%, which makes

this group of states the leading power in global

economic development.

• BRICS accounted for approximately 11% of global

annual foreign direct investment (FDI) flows in

2012 (US$465 billion).

• BRICS countries account for 17% of world trade.

• BRICS’ combined foreign reserves are estimated

at US$4 trillion.

• Some analysts predict that BRICS could become

as big as the Group of 7 (the United States of

America [USA], Japan, Germany, France, Britain,

Canada and Italy) by 2027.

• South Africa has a population of more than

50 million and an economy worth approximately

US$527 billion. Its per capita income level at

PPP compares favourably with BRICS partners,

estimated at US$11 000.

south afRiCa in BRiCs

South Africa’s comparative advantage within BRICS

pertains to the country’s considerable non-energy in

situ mineral wealth. In a recent report commissioned

by the US-based Citigroup bank, South Africa was

ranked as the world’s richest country in terms of

its mineral reserves, worth an estimated US$2,5

trillion. South Africa is the world’s largest producer

of platinum, chrome, vanadium and manganese,

the third-largest gold-miner, and offers highly

sophisticated mining-related professional services,

contributing significantly to the BRICS resource pool.

South Africa is investing R300 billion (US$35,6

billion) into expanding and improving its railways,

ports and fuel pipelines, as a catalyst to help unlock

the world’s greatest mineral wealth. Africa will also

continue to be buoyed by the exploding global

demand for oil, metals, minerals, food and other

natural resources. Likewise, the African continent,

which is arguably one of the world’s largest

unexplored resource basins, has an abundance of

riches, including 10% of the world’s oil reserves,

40% of its gold ore and 95% of platinum.

The demand from BRICS countries for these

commodities has been a critical source to support

growth on the continent, notably during the recent

financial crisis.South Africa’s financial market

development and sophistication, also as a source of

exceptionally sophisticated professional services and

financial expertise, is globally recognised. The World

Economic Forum’s 2011/12 Global Competitiveness

Index displayed a high level of confidence in South

Africa’s financial market development, ranking the

country in fourth place globally on this measure.

The regulation of the Johannesburg Stock Exchange

was ranked number one in the world, as was the

strength of South Africa’s auditing and reporting

standards. Additionally, South Africa is ranked

second for both the soundness of banks and the

efficacy of corporate boards.

South Africa’s excellence in science, technology and

innovation is also recognised, e.g. it being awarded

the majority stake in hosting the Square Kilometre

Array. BRICS countries supported South Africa in

obtaining the majority stake.

About BRICSB

PAGE 22 / BRICS SUmmIT PUBLICATIoN


Bilateral trade between South Africa and its BRICS

partners grew substantially in 2011 – powered by

significant increases in trade and exports between the

country and China and India. In 2011, bilateral trade

between South Africa and China grew by 32%, with

India by 25% and with Brazil by 20%.

In 2011, bilateral trade between South Africa and Russia

also recovered, after a decline of 44% in 2010, but is still

below the R4,2 billion in bilateral trade recorded in 2008

between these two countries. Bilateral trade with China

last year totalled R188 billion, with India R55 billion, with

Brazil R18 billion and with Russia R3,8 billion. Among

BRICS members, South African exports to China grew

the most, at 46%, while exports to India grew by 20%, to

Brazil by 14% and by 7% to Russia. South African exports

to China have grown rapidly, after increases of 20% in

2010 and 42% in 2009.

In terms of the balance of trade, South Africa has run a

trade surplus with Russia in the last two years of

R1,3 billion and R1 billion respectively, after running

trade deficits in 2008 and 2009. While South Africa has

continued to run a trade deficit with China over the last

four years, that deficit has narrowed by over 50% from

R48 billion in 2008 to less than R18 billion in 2011.

South Africa’s trade deficit with Brazil also narrowed

in 2011, to R6,1 billion – almost R2,5 billion less than

the deficit recorded in 2008. South Africa enjoys

recognition as a dedicated and committed global

and regional player. South Africa’s constructive role

in global governance structures as well as its position

within organisations of the South, notably the African

Union (AU), the Group of G77 (G77) and China and

the Non-Aligned Movement (NAM), is appreciated by

BRICS and other like-minded partners. South Africa

is also the only African country represented in the

Group of 20 (G20), which has become an important

role player in the reform of the financial and economic

global governance architecture.

South Africa has always been at the forefront of

promoting more inclusive formations and more

equitable participation of notably emerging

markets and developing economies in the world

system and its decision-making structures. This

belief stems from our core conviction that Africa

has to be repositioned in the global system to

assume its rightful place. South Africa, together

with other African countries, initiated the dialogue

with the Group of 8 (G8) in 2000, which led to

the subsequent endorsement of the AU’s New

Partnership for Africa’s Development (NEPAD) by

the international community at large.

At the last BRICS Summit, President Zuma once again

strongly articulated this view, also in light of the issue

of the World Bank Presidency, where Africa had put

forward an exceptionally merit-based candidate and

BRICS leaders called for a World Bank leadership that

must commit to transform the bank into a multilateral

institution that truly reflects the vision of all its

members, including the governance structure that

reflects current economic and political reality.

South Africa’s own unique historic political

transformation process to become a constitutional

democracy is perceived as a unique contribution

to the world. The country has facilitated similar

processes for peace elsewhere in the world and

continues to be approached in this regard.

BRICS and afRICa

South Africa’s invitation to join BRICS recognises the

country’s contribution to shaping the socio-economic

regeneration of Africa, as well as the country’s active

involvement in peace, security and reconstruction

efforts on the continent.

The BRICS countries constitute the largest trading

partners of Africa and the largest new (not total)

investors. The past decade has seen a seismic

acceleration of commercial and strategic engagements

between BRICS and Africa. BRICS has nourished Africa’s

economic emergence and elevated the continent’s

contemporary global relevance. The exponential growth

potential of economic cooperation between BRICS and

African countries is deemed considerable.

The recession and recovery period has enhanced this

shift. In 2010, Standard Bank economists predicted

BRICS-Africa trade would “see an additional increase

in the velocity of BRIC-Africa engagements, with trade

and investment spearheading the commercial charge”.

According to Standard Bank, BRICS-Africa trade

will increase threefold, from US$150 billion in 2010

to US$530 billion in 2015. Between 2010 and 2015,

BRICS’ share of Africa’s total trade will increase from

one-fifth to one-third and BRICS FDI stock in Africa

will swell from around US$60 billion in 2009 to more

than US$150 billion by 2015.

While South Africa’s share was not absorbed into

these projections at the time, South Africa’s trade with

Africa accounts for 17% of South Africa’s total trade,

21% of its outward investment and when broken down,

14% of its total exports to the world, as well as 24%

when including the Southern African Customs Union.

The International Monetary Fund (IMF) also

conducted a study, which indicated that the trade and

investment from BRICS to low-income countries was

deemed as a critical factor to protect them from the

shock of the global recession.

BRICS leaders have expressed support for

infrastructure development in Africa and its

industrialisation within the framework of NEPAD. The

leaders reiterated the highest importance attached

to economic growth that supports development and

stability in Africa, as many of these countries have

not yet realised their full economic potential. The

BRICS leaders undertook to take their cooperation

forward to support Africa’s efforts to accelerate the

diversification and modernisation of its economies,

through infrastructure development, knowledge

exchange and support for increased access to

technology, enhanced capacity-building and

investment in human capital, including within the

framework of NEPAD.

BRICS SummItS

South Africa is hosting the fifth BRICS Summit in

March 2013 in Durban, completing the first cycle

of BRICS summits. The opportunities presented in

hosting this prestigious summit are considerable.

Previous summit were held in:

• Yekaterinburg, Russia, on 16 June 2009

• Brasilia, Brazil, on 15 April 2010

• Sanya, China, on 14 April 2011

• New Delhi, India, on 29 March 2012.

South afRICan ConSIdeRatIonS foR BuSIneSS

South Africa’s national agenda is aimed at achieving

inclusive economic growth for its people as well as

the people of the continent. This objective is strongly

complemented by the exponential and accelerator

growth potential which BRICS engagement has

delivered to the country and its neighbours. The

potential for growing trade and investment, as

well as intra-African trade and investment, must

be further maximised. South Africa will utilise its

chairpersonship of BRICS in 2013 to vigorously

pursue support for these goals. South Africa’s

membership of BRICS will:

• promote trade and investment

• enhance industrialisation

• promote job creation.

South Africa will benefit and will continue to benefit

from being a member of the BRICS grouping.

The South African Government has pledged its

commitment to continuously engage and support

business in South Africa and also work tirelessly in

tandem with its BRICS counterparts to forge stronger

partnerships to deliver prosperity and progress to the

people of South Africa. These relationships are also

viewed as mutually beneficial for our BRICS partners.

BRICS SUMMIT PUBlICATIoN / PAGE 23


• Regionally,SouthAfricaprovidesdirectaccessto

therestofthecontinentandissituatedbetween

theEast,theAmericas,EuropeandtheMiddle

East.SouthAfricahasmanygeostrategicand

relatedstructuraladvantages,makingitanexcellent

investmentdestinationandideal“gateway”partnerin

theAfricangrowthstory.

• Complementarytothisexistingandstrongconsumer

marketaretheexcitingregionalintegrationinitiatives

takingplaceonthecontinent.Negotiationsare

underwaytoestablisha26-country,US$1-trillion

AfricanTripartiteFreeTradeArea(T-FTA)forEast,

SouthernandCentralAfricawithinthreeyears,which

willexpandthismarketto600millionpeople.

Thisregionalintegrationinitiativewillputus

inthesamemarket-sizebracketasourBRICS

counterparts.

• Anotherrelatedandexcitingnewinitiativeisthat

oftheSouthernAfricanDevelopmentCommunity

(SADC)RegionalInfrastructureMasterPlan(RIMP),

whichcouldinvolvecross-borderprojectswitha

combinedinvestmentvalueofuptoUS$500billion.

TheRIMPwasfinalisedandpresentedattheSADC

Summit,heldinMozambique,Maputo,inAugust

2012.Theplanproposesthedevelopmentofregional

power,transport,water,communications,tourism

andmetrologyinfrastructureoverthe15-yearperiod,

from2012to2027.Theintentionistoalignthe

implementationoftheplanwiththeestablishment

ofaSADCdevelopmentfund,orbank,withaninitial

capitalisationofbetweenUS$600millionandUS$1

billion.

• Atpresent,intra-regionaltradecompriseslessthan

20%oftotaltradeandthebulkofthattradetakes

placebetweenSouthAfricaandtheother14SADC

memberstates.Oncetheplanhasbeenofficially

endorsed,theSADCSecretariatwillconduct

roadshowsinBRICSandothercountries,targeting

Brazil,China,Europe,India,Japan,theUnited

KingdomandtheUSAtoexposepotentialinvestors

totheopportunitiesavailablewithintheRIMP.The

ProjectPreparationDevelopmentFacilityhasalready

beenestablishedattheDevelopmentBankof

SouthernAfrica.

• Thegrowthrateforsub-SaharanAfricaisestimated

ataround5,5%for2012;andThe Economistof

6January2011predictsthatbetween2010and2015,

sevenoutofthetop10fastest-growingeconomiesin

theworldwillbeAfrican.Therearemanyreasonsfor

thissustainedgrowth.Theseincludegreaterstability

andtheincreasingprevalenceofdemocracies,global

demandforAfrica’scommoditiesandimproved

economicregulatoryandgovernanceregimes.South

AfricaisalsocognisantthattheAfrican“demographic

dividend”isalreadyrecognisedbyeconomistsasthe

futurelocusforgrowth.

• AccordingtoStandardBank’sresearch,thefive

enduringfactorsdrivingthisareagrowing,younger

andmoreaffluentpopulation;urbanisation;improved

informationandcommunicationstechnology(ICT):

sustaineddemandforAfrica’snaturalresources;anda

deepeningfinancialsectorasAfricanstakeupfinancial

servicespersonallyandforbusiness.In2010,BRICS

accountedfor13%ofglobaldemandintheICTsector,

withspendingofabout€328billion.• AsSouthAfricaisoneoftheleadinginvestorsamong

developingcountriesonthecontinent,SouthAfrican

companiescantakeadvantageofthisuniqueposition,

throughpartneringwithBRICScompaniestoexplore

commercialopportunitiesinAfrica.Forexample,the

BraziliancompanyValehaspartneredwithSouth

Africa’sRainbowMineralsinanagreementworthmore

thanUS$1,2billiontobuildacoppermineinZambia.

TataPowerhasformedanequaljointventurewith

SouthAfrica’sExxaroResources,namedCennergi

(Pty)Ltd,todevelopandoperatepower-generation

projectsinSouthAfricainitiallyandwilllaterhave

projectsinBotswanaandNamibia.

• Therecertainlyisawidescopeforcooperation

invariousprojectswithintheexistingBRICS

structures.PresidentZumaaddressedBRICS’

captainsofindustrypriortothelastBRICS

SummitandemphasisedthatSouthAfrica’s

participationinBRICSwasdesignedto

helpthecountryachieveinclusivegrowth,

sustainabledevelopmentandaprosperous

SouthAfrica.

• TheBRICSBusinessForum’sjointstatement

calledontherespectivegovernmentstodeepen

economicengagementofwhichtradeand

investmentwereidentifiedasthepillarsofsuch

anengagement.Thetargetforintra-BRICStrade

wassettobeenhancedfromthepresentlevelof

US$230billiontoatleastUS$500billionby2015.

Thebusinessleaderscalledforimprovement

ofthequalityoftradebyfocussingonmore

value-addedtradeinthethreesectorsof

manufacturing,servicesandagriculture.South

Africa’sservicesectorcomprisestwo-thirds

ofoureconomy(65,9%),whichcompares

favourablywithourBRICSpartnersand

providesnicheopportunities.

• TheBRICSBusinessForumfurthercited

opportunitiesinsectorssuchas,butnotlimited

to,agriculture,energy,infrastructure,mining

beneficiationandhealthcare.Thecountryalready

enjoyscomparativeadvantagesinthesecited

sectors.Domesticeconomicpriorities,suchas

increasedbeneficiationatsource,couldbepursued

throughjointpartnershipsandventures.

• AttheDelhiSummit,otherpossibleareasof

cooperation,rangingfromenergytoconstruction

andwaterprovision,were

alsodiscussed.

• PresidentZumaurgedinhisStateofthe

NationAddressthatthetriplechallenge

ofpoverty,unemploymentandinequality

requiredsingle-mindedattention.TheNew

GrowthPathisgearedatachievinginclusive

growthandcreatingjobs.Sixjobsdrivers

wereidentifiedtohelpthecountryachievethe

much-neededgrowthleadingtojobs.Theseare

infrastructuredevelopment,agriculture,mining

andbeneficiation,manufacturing,thegreen

economyandtourism.

• Tofacilitatethesuccessofthesedrivers,business

shouldfocusonenhancingintra-BRICSbusiness

cooperationandcoordinationbypromoting

opportunitiesinthefollowingareas:

Cooperation on eConomiC opportunities in

infrastruCture development

• SouthAfricahasbegunworkingintensivelyonits

infrastructurestrategythroughthePresidential

InfrastructureCoordinatingCommission(PICC).

SouthAfricaisoncoursetospendinexcessof

R860billiononinfrastructurebyMarch2014.

Infrastructureisthereforeattheheartofhowthe

countrywillchangethelivesofitspeopleinthe

nextdecade.

• BeyondtheSouthAfricanprogramme,isthe

NEPADinfrastructureprogrammethatSouthAfrica

championsasmandatedbytheAU,especiallythe

NorthandSouthroadandrailprojects.

Cooperation on skills development

• ThePICCisdevelopingaskillsplanforeachmajor

project,settingoutthenumberofengineers,artisans,

techniciansandtechnologistsneeded.Workisbeing

donewithuniversitiesandfurthereducationand

trainingcollegestospeeduptheproductionofthese

criticalskills.

• Businessisurgedtoinvestinskillsdevelopment

intheircompaniestopromoteyouthtrainingand

empowermentthroughtheirengagementwith

BRICScountries.

the new development bank

• SouthAfricaisexcitedbytheplansforanew

BRICS-leddevelopmentbank,whichwouldfurther

facilitatecooperationamongmembersofthe

BRICSbusinesscommunity.Thebankwillreinforce

theBRICSgroupingbyutilisingsurplusreserves.

Itwillalsoencourageinvestmentinamore

sustainableandproductivemanner.

• SouthAfricawillco-chairwithIndiathejoint

workinggroupundertheauspicesofthe

respectiveBRICSfinanceministerstoensure

thatthisinitiative’sfeasibilitybethoroughly

investigatedaswellasbenefitSouthAfricaand

Africatothefullestextentpossible.

• PresidentZumahassignalledthatSouthAfrica

cannegotiatenewtypesofmutuallybeneficial

developmentalagreementswithBRICScountries

oninfrastructuredevelopment.

promoting intra-briCs trade

• AgreementssignedduringtheBRICSSummit

undertheauspicesoftheBRICSInter-Bank

CooperationMechanismincludetheMaster

AgreementonExtendingCreditFacilityinLocal

CurrencyandtheMultilateralLetterofCredit

ConfirmationFacilityAgreement.

• Thesemeasuresareintendedtoincrease

commercialtransactions,sincecurrently,

businesspeoplehavetoconvertlocalcurrencies

intodollarsbeforereconvertingthemintothe

currencyofthetradepartner,andthisescalates

transactioncosts.

• Anotherexcitinginitiativethathasbeen

launchedistheAllianceofExchanges,

whichwillentailcross-listingofequityindex

derivativesandtradinginthelocalcurrency.

• Companiesareencouragedtofacilitate

engagementwiththeircounterpartsinBRICS

countries.

• SouthAfricaseekstoincreaseitsexportsof

highervalue-addedproductsandencourage

inwardinvestmenttosupportbeneficiationand

industrialdevelopmentobjectives.Theworkin

BRICSisincreasinglyfocussedoncooperation

toachievetheseends.

Cooperation on another CruCial

infrastruCture projeCt is underway

• Theproposedhigh-capacitymarinecablesystem

linkingtheBRICScountriesrequirescollective

involvement.Thiswilladdresstheconnectivity

challengeswhichhavefeaturedasimpedimentsto

intra-BRICStrade.

PAGE24 / BRICSSUMMITPUBLICATION


LOST IN TRANSLATION?

Cecilia Bermúdez Horsten and Simona Gallo Mosala, the people behind Kwintessential Africa not only cover over 8 languages between the two of them and have over 20 years experience in the business, they also have a Masters in Practical Anthropology and a Phd in Socio-Economics from the University of Cape Town: they deeply understand the culture that creates and develops a language; they make sure their team translates your concepts and thoughts - not just words.

As a dynamic international company owned and run by a multi-cultural team, Kwintessen-tial puts strong emphasis on cultural diversity, for translations and interpreting that are truly global.

COMPANY PROFILE

Kwintessential was founded in 2003 in London, England at a time when the process of globalisation had cemented itself as the future and companies were increasingly needing to work across cultural and linguistic borders.

The company was established to ease the pro-cess of international business and multilin-gual business transactions through support services covering any needs falling under the umbrella of language and culture.

It has now grown dramatically in both size and scope to offer a number of services such as translation, interpreting, transcription, multi-lingual subtitling and voice-overs. These ser-vices are provided by a team of offices across the globe including the USA, Argentina, Eng-land, Dubai and South Africa/Namibia.

We cover all needs, all time zones, all languages and all cultures. We truly are the provider of cross-cultural and multilingual solutions.

Our Cape Town office, established in 2009, and our Windhoek office, established in 2011, are

run by a team of dedicated Project Managers and Linguistic Consultants. We respond to clients quickly and efficiently, we work only with the best translators and interpreters in the continent and are proud to complete assignments of the highest quality tailored to the individual needs of our clients.

INTERPRETATION

Kwintessential offers professional services for all of your language-related needs for anything from small meetings to large conferences. We work out your exact language requirements for your event and provide you with the best quotation for your needs.

Kwintessential arranges liaison, consecutive and simultaneous interpretation. We provide professional interpreters and handle the distribution of preparatory documentation to the interpreters. We guarantee high-quality services and ensure confidentiality.

TRANSLATION

Our qualified, highly experienced translators provide standard, technical and sworn translations across a wide range of languages and areas of speciality.

We offer translations between all South African official languages and among the other languages we currently offer to clients are other African, European, Middle Eastern and Asian languages such as French, Spanish, Portuguese, Italian, German, Russian, Greek, Arabic, Hebrew, Dutch, Polish, Scandinavian languages, Kiswahili, Mandarin, Japanese and Korean.

Should new language pairs be required we will source them. Our application and screening process ensures that only the best translators and interpreters are commissioned by our company.

Services offeredMulti-lingual services including trans-lation, interpretation (liaison, consecu-tive and simultaneous), transcription, multilingual subtitling and voice-overs.

Customer careEach project is overseen from beginning to end by a dedicated Project Manager who will ensure that your specific needs are met.

Pricing Our prices are competitive and we provide free quotations upon request, based on the length and complexity of each assignment.

ConfidentialityKwintessential ensures the confidenti-ality of all material received and we are also happy to sign non-disclosure agree-ments.

Namibia OfficeTel: +264 61 249 021Fax: +264 88 640 0589Cell: +264 81 758 [email protected]

South Africa OfficeTel: +27 84 198 0006Fax: +27 86 560 1456Cell: +27 79 240 [email protected]

This is not a tablet. It’s a library.

Welcome to the New World.

We’re partnering with organisations and individuals who are as committed to our communities as we are. Every day, we’re developing and launching products and services that make sure that everyone who has a mobile phone has access to books, e-learning and other innovative educational facilities. It doesn’t matter where you are, everywhere you go, you can learn something new with MTN.

Metro

politanRe

public

/998

3/E

This is not a tablet. It’s a library.

Welcome to the New World.

We’re partnering with organisations and individuals who are as committed to our communities as we are. Every day, we’re developing and launching products and services that make sure that everyone who has a mobile phone has access to books, e-learning and other innovative educational facilities. It doesn’t matter where you are, everywhere you go, you can learn something new with MTN.

Metro

politanRe

public

/998

3/E

PAGE 28 / Brics summit PuBlicAtion

Brazil

• In2011,Brazilranked26thasanexport

partnerand15thasanimportpartnerof

SouthAfricaglobally.Totalbilateraltrade

betweenSouthAfricaandBrazilamounted

toR17,5billionin2011,whichwas18,6%

higherthanin2010.

• TheAirportsCompanySouthAfrica,

togetherwithBrazilianjointventure

partner,Invepar,wonaR70-billion

($9,2-billion)concessiontooverhauland

operatethebusiestandmostvaluableof

thethreeBrazilianairports,Guarulhos,in

SãoPauloforthenext20years.

• InvestorsfromBrazilintoSouthAfricainclude

MarcoPolo,OdebrechtandVale,withadditional

Brazilianinvestorsenteringthemarket.

• MarcoPolohasinvestedmorethan

$10millioninabusandcoachmanufacturing

plantinSouthAfrica.

• Brazil’slargestconstructioncompany,

Odebrecht,establishedaregionalofficein

SouthAfricainSeptember2011.

• SouthAfricaninvestmentsintoBrazilwereledby

SouthAfricanbusinesses,whichincludeamong

others,Naspers,Sappi,StandardBank,AngloGold

Ashanti,AngloAmerican,AcxdoBrasil-Acerinox

(ColumbusSteel),SAA,Distell,DimensionData,

DexBrasil,VolcanoAgro-sciences,BoschProjects,

BarrowsandtheSmollanGroup.

• SouthAfricaandBrazilareimprovingindustrial

cooperationinanumberofsectors,including

railequipment,renewableenergy,defence,

aerospaceandbiofuels.

• Brazilminingcompany,Vale,andSouth

Africanminingcompany,AfricaRainbow

Minerals(ARM),hasformedKonoco,

aprojectsituatedinZambia,whichis

expectedtostartextractingcopperby2013.

• Asaresultofthesuccessofthecurrent

A-Darterprogramme,itispossiblethatthe

BrazilianAirForcewillundertakefurther

jointdevelopmentprojectswithSouth

Africa.However,althoughsomepreliminary

discussionshavetakenplace,noformal

negotiationshavestartedandnodecisions

havebeenmade.TheA-Darterisafifth-

generationinfraredhomingair-to-air

missile,beingjointlydevelopedbySouth

AfricaandBrazilundertheleadershipof

DenelDynamics.Althoughclassifiedas

short-range,ithasalongerrangethan

mostmissilesinitscategory.


Benefits from partnership

• BrazilisoneofSouthAfrica’stop20

tourismarrivalmarkets.Tourismgrewwith

1%between2010and2011to54183.There

wasalsoaphenomenal68,4%growthin

arrivalsfromBrazilduringthefirstsix

monthsof2012.

• In2011,SouthAfricaexportedthefollowing

commoditiestoBrazil:

Mining and minerals:

• coalandbriquettes

• petroleumoilsandoilsobtainedfrom

bituminousminerals

• chromiumoresandconcentrates

• titaniumoresandconcentrates

• ferro-manganese

• ferro-vanadium

• ferro-chromium

• zirconiumoresandconcentrates

• sulphatesofnickel

Other:

• paraffinwax

• fenole

• newpneumatictyresofrubber

• wireofironornon-alloysteel

• flat-rolledproductsofironornon-alloy

steel

• flat-rolledproductsofstainlesssteel

• aluminiumplates,sheetsandstrips

• spark-ignitionreciprocatingorrotary

internalcombustionpistonengines

• naturalsands

• unsaturatedacyclichydrocarbons

• ethylacrylate

• butylacrylate

• residuallyesfromthemanufacturingof

woodpulp

• chemicalwoodpulp(dissolvinggrades)

• castglassandrolledglass

• floatglassorpolishedglassinsheets.

Russia

• Therewassubstantialgrowthintotaltrade

betweenSouthAfricaandRussiabetween

2010and2011fromR2,8billiontoR3,6billion.

SouthAfricanexportsincreasedfrom

R2,1billionin2010toR2,2billionin2011.

RussiaisSouthAfrica’s41st-biggestexport

destination.

• SouthAfrica’sexportsbaskettoRussiais

dominatedbyprimarysectorproducts,

particularlytheagriculturalsectorconsisting

ofcitrusfruits,applesandpears;mineral

products;machinery;equipment;vehicles;

chemicalproducts;preciousandbasemetals;

rawhides;textiles;andfootwear.TheRussian

Federation’sexportsbasketisconcentrated

moreonfabricatedproducts.

• Mutualinvestmentprojectsinprogress

inbothcountriesaremainlyengagedin

mineralresources.Anumberofmajor

RussiancompaniesoperateinSouthAfrica,

amongthemRenovaGroup(manganese

andalloys),OJSCMMCNorilskNickel

(nickelandassociatedmetals),EVRAZ

GroupSA(steel,alloysandvanadium)and

OAOSeverstal(steel).

• SouthAfricancompaniesactiveinthe

Russianmarketare:SABMiller(brewery),

AngloAmerican/MondiGroup(paperand

packaging),Naspers(internationalmedia),

BatemanandShaftSinkers(engineering),

AngloAmericanPlatinum(mining)and

StandardBank(bankingandfinance).

• AccordingtoThePresidency,Russiahas

expressedinterestincooperatingwithSouth

Africaintheconstructionofnuclearpowerplants.

• RussiaisoneofSouthAfrica’smainwine

exportmarkets.In2011,RussiawasSouth

Africa’ssixthmostimportantimporter

ofbulkwineand18th-largestimporterof

SouthAfricanpackagedwine.

• SouthAfricawantstocooperatewith

Russiainengineering,especiallywiththe

trainingofSouthAfricansinRussia.

• Atthebeginningof2012,Condrawhichis

ahoistingequipmentcompany,secureda

R13-millioncontractfromRussiatodeliver

oneofthebiggestcranesorderedfromthe

SouthAfrica-basedcranegrouptodate.

Themaintenancecranewillbeinstalledat

apowergenerationplantinRussia’sUral

mountains.Thehoistwillbemanufactured

atCondra’sGermistonfactory,owingto

thecomplexityofassemblingthispartof

BRICSSUMMITPUBlICATION/PAGE29


the crane. The girders and end carriages

were manufactured at the plant in Bulgaria.

• In2012,SouthAfrica’sNationalNuclear

Regulatorsignedacooperationagreement

withRussianregulatorRostechnadzor.The

agreementcoversradiationandnuclear

safetyandsecurity.RostechnadzorisRussia’s

technicalandtechnologyregulatorandis

responsibleforRussia’snuclearindustry.

• InSeptember2012,statearmscompanyDenel

andmanufacturerRussianHelicopterssignedan

agreementthatwillresultinthetwocreatinga

servicinghubforAfrica.TheRussianHelicopters

dealmakesDenelAviationtheonlycompany

insub-SaharanAfricaaccreditedtoperform

maintenance,repairandoverhaulservicesfor

modelsproducedbytheRussianmanufacturer.

RussianHelicoptershasabout280helicopters

inserviceacrossAfrica.TheRussianHelicopters

agreementwouldsignificantlyexpandthe

company’sbusinessinAfrica.

• InNovember2012,SouthAfricanindustrial

firmBarloworldsaiditwouldpay$50million

forCaterpillar’sBucyrusdistribution.

Caterpillar,theworld’slargestmakerof

miningequipment,lastyearacquired

Bucyrusfor$7,6billion.Caterpillartypically

sellsthroughanetworkofindependent

dealers,ofwhichBarloworldisone.From

December2012,VostochnayaTechnica

LLC‚theBarloworldRussiandealer‚will

providesales‚serviceandsupportforallof

theformerBucyrusminingproductsinits

serviceterritorieswithinRussia.


commoditiestoRussia:

Agriculture:

• freshgrapes

• freshapples

• freshpearsandquinces

• fruitandvegetablejuices


• manganeseoresandconcentrates

Other:

• aluminiumplates,sheetsandstrips

• machineryforsorting,screening,

separating,washing,crushing,grinding,

mixingorkneadingmineralsubstances

• electricalapparatusforswitchingor

protectingelectricalcircuits

• glaziers’putty,graftingputty,resincements,

caulkingcompoundsandothermastics.

IndIA

• In2011,bilateraltradebetweenSouthAfrica

andIndiastoodatR53,7billion.South

Africawasexportinggoodstothevalueof

R24,4billiontoIndiaandimportinggoods


PAGE30 / BRICSSummITPuBLICATIoN

from India to the value of R29,3 billion.

Trade between South Africa and India is set

to reach $15 billion

(R116 billion) per year by 2014.

• Indiaranksamongthetop10investing

countries in South Africa.

• ThetopexportedproductstoIndiainclude:

coal,briquettes,solidfuels,manganese

ores, copper ores, ferrous waste, scrap and

scrap of iron.

• MajorinvestorsfromIndiainSouthAfrica

include:Tata(automobiles,information

technology,hospitality,andferrochrome

plant), UB Group (breweries, hotels),

Mahindra(automobiles)andanumber

ofpharmaceuticalcompanies,including

RanbaxyandCipla.

• SouthAfricaninvestmentsintoIndiawere

ledbySABMiller(breweries),Sanlamand

OldMutual(insurance),Altech(set-top

boxes),AdcockIngram(pharmaceuticals)

andRandMerchantBank(banking).

• InMay2011,Indiarevealedplanstoinvest

R39 billion (US$5,7 billion) in education

and development in Africa as part of the

Africa-Indiaframeworkforenhanced

cooperation.

• In2012,IndianfirmWNS,oneoftheworld’s

largestcall-centreplayers,acquiredSouth

AfricanfirmFusionOutsourcingfor£10million.

• Bajaj,themainIndianmotorcycle

manufacturer, has opened four outlets

aroundJohannesburgtotargetthe

untappedSouthAfricanbikemarket.

• InOctober2012,Sanlamacquireda26%

stakeworthR2billioninamajorIndian

financialservicescompany,ShriramCapital

Limited(SCL).

• InSeptember2012,theIndianGovernment-

ownedBankofIndia(BOI)openeditsfirst

branchinSouthAfricainJohannesburg.

BOIsaidthatthegrowingtradebetween

SouthAfricaandIndiameantthatbanking

requirements of businesses in both

countries would increase.

• InJuly2011,TataMotorsSouthAfrica,the

jointventurebetweenIndia’sTataMotorsand

TataAfrica,openedaR110-millionassembly

plantatRosslynoutsidePretoria.Light,

mediumandheavytrucksareassembledat

the plant, at a rate of 3 650 vehicles a year.

• FirstRandBankIndiainMumbai,abranch

ofFirstRandBankingGroupSouthAfrica,is

thefirstbankfromtheAfricancontinentto

begrantedafull-scalecommercialbanking

licence in India.

• SouthAfrican-baseddiversifiedresources

companyExxaroandIndia’sTataPower

havelaunchedajointventurecompany

thataimstotakeadvantageofrenewable

energyprojectsinSouthAfricaandonthe

continent.Thenewcompany,Cennergi

(Pty)Limited,willbea50:50jointventure

betweenExxaroandTataPowerthrough

its subsidiary Khopoli Investments. Based

inSouthAfrica,Cennergiwillfocuson

acquiringanddevelopingelectricity-

generationprojectsinSouthAfrica,

BotswanaandNamibia,startingwith

renewableenergyprojectsinSouthAfrica.

• InAugust2012,PetroSAandIndianoil

andgasexplorationcompanyCairnIndia

Groupsignedafarm-inagreementfor

crudeoilandnaturalgasexplorationin

theOrangeBasinonthewestcoastof

South Africa.

• TouristarrivalsfromIndiaincreasedby

26,2%between2010(71587)and2011

(90367).ItisSouthAfrica’s15thmost

importanttourismmarket.Toincrease

tourism numbers in the future, the

Southern African Tourism Association is

trainingmorethan1000Indiantravel

agentsandtouroperatorsinIndiato

ensuretheyhavetheskillsandexperience

tomarketSouthAfrica.


commoditiestoIndia:

Agriculture:

• freshpearsandquinces

• wool




BRICSSuMMITPuBLICATION/PAGE31

• diamonds

• platinum

• silver

• ferro-chromium

• ferro-manganese



• leadoresandconcentrates

• copperoresandconcentrates

• ironoresandconcentrates

Chemicals:

• phosphoricacidandpolyphosphoricacids

• antimonyoxides

• butan-1-ol(n-butylalcohol)

• phenol(hydroxybenzene)anditssalts

• butanone(methylethylketone)

• 4-methylpentan-2-one(methylisobutyl

ketone)

• polyvinylchloride,notmixedwithany

othersubstances

Manufacturing:

• wastefromthemanufactureofironorsteel

• partsandaccessoriesofmotorvehicles

• containersspeciallydesignedand

equippedforcarriagebyoneormore

modesoftransport

• machineryforsorting,screening,

separating,washing,crushing,grinding,

mixingorkneadingformineralsubstances

• centrifuges,includingcentrifugaldryers,

filteringorpurifyingmachineryand

apparatusforliquidsorgases

• aluminiumwasteandscrap

• unwroughtaluminium

• copperwasteandscrap

• ironornon-alloysteelproducts

• non-alloypigiron

• floatglassorpolishedglassinsheets

• chemicalwoodpulp

• tanningextractsofvegetableorigin;

tanninsandtheirsalts,ethers,estersand

otherderivatives;wattleextract.

China

• In2011,SouthAfrica’sexportstoChinareached

anall-timehigh,valuedatR85billion,displaying

a45%increaseinexportsfrom2010.

• SouthAfrica’sagricultural,forestryandfishery

exportstoChinaincreasedby42%between

2010and2011.ChinaisnowSouthAfrica’s

fourth-largestexportmarketafterranking

seventhduring2010.Thetopfivemajor

productsexportedbySouthAfricatoChina

during2011werewool,woodpulp,grapewines,

fishmealandsheepskins.Exportsofwoodpulp

andgrapewinesalsoincreasedsubstantiallyby

143%and111%respectivelyduring2011.

• Chinaremainsthelargestimporterofwool

fromSouthAfrica,takingup48%ofthetotal

valueofwoolexportedfromSouthAfrica.

• AlthoughSouthAfricaonlysupplies3%of

theChinesewinemarket,Chinahasnow

becomeoneofSouthAfrica’stop10export

destinations.SouthAfricanwineexportsto

Chinawereexpectedtoincreasebyatleast

71%during2012.Leopard’sLeapWines

haspartneredwithYangzhouPerfect–a

subsidiaryoforganicproductscompany

PerfectChina–toproduceanddistribute

L’Huguenot, anewbrandthatwas

specificallycreatedfortheChinesemarket.

Thejointventure,aptlynamedPerfect

WinesofSouthAfrica,willseeLeopard’s

Leapholdinga49%stake,withtherestheld

byYangzhouPerfect.Thefirstshipmentin

October2011consistedof1,3millionbottles,

packedinto106containers.Itwasthelargest

consignmentofwineeverfromSouthAfrica

andthebiggestChinahadeverreceived.

• TheSouthAfricancompanieswhich

participatedinthe2011SouthAfrican

exposinChinageneratedon-the-spot

exportsalesofvalue-addedproducts

worthR8millionandestimatedfuture

exportsalesoverthemediumterm(next

threeyears)ofaboutR400million.The

exposseektoexpandthebasketofexport

productsintoChina,andchangethe

currentstructureoftradetocomprisemore

value-addedproductsoverthelongterm.

• InOctober2012,SouthAfricanexpos

werehostedinBeijingandShanghaiand

producedlong-termmutualbenefitsand

positiveleadsforSouthAfrica’sbusiness

delegationwhichexhibitedtheirproducts

attheannualevent.Ofthe63companies

thatparticipatedandrepresentedvarious

sectors,agroprocessing,especiallywine,

provedtobethemostpopularproduct.

PAGE32 / BRICSSummITPuBLICATIOn


• Simonsvlei,awineproducerintheWestern

Cape,clinchedR1,5millionworthofsales

andsecured70tradeleads.

• XchemChemicalshassuccessfully

identifiedapotentialagenttomarketand

distributetheirproductsinChina

• Transnethasawardedacontractfor95electric

locomotivestoagroupledbyChina’sCSR

ZhuzhouElectricLocomotive(CSR).Thefirst

10locomotiveswillbeassembledinChinawhile

theremainderwillbemanufacturedinSouth

Africa.ThetrainswillbeusedinTransnet’s

generalfreightbusiness,withthefirstbatch

tobedeliveredbyDecember2013.Thelast

batchisplannedforSeptember2014.Seventy

percentofthedealwillgotoCSRand30%to

theSouthAfricanconsortiumMatsetseBasadi.

ChinesemanufacturerFirstAutomobileWorks

hasinvested$100milliontobuildavehicleand

truckassemblyplantinCoegaintheEastern

Cape.Theconstructionphase,whichstarted

attheendof2012,wouldcreateanestimated

1000jobs.Anadditional500permanentjobs

wouldbecreatedwhenthefirstphaseofthe

truckassemblyfacilitywascommissioned.

Furtheremploymentwouldbecreatedinthe

secondphase,whenFAWstartedproductionof

30000passengercarsayear.

• BMWSouthAfrica’sRosslynPlantoutside

Pretoriaexportedits3Seriesvehiclesto

Chinaattheendof2012,afterreceivinga

ChinaQualityCertificationClearancePermit

fromtheauthorities.WhiletheseChinese

exportswillstartatasmalllevel,theplanis

forthismarkettoultimatelymakeuparound

10%ofthetotalexportvolume.In2012,BMW

SouthAfrica’sRosslynPlantexpectedto

exportaround3900unitstoChina.

• InJuly2012,VolkswagenGroupSouthAfrica’s

(VWSA’s)engineplantinUitenhage,Eastern

Cape,receivedanadditionalexportorderfrom

China.Theadditionalorderofmorethan12000

enginesmeantthattheengineplantwasrunning

atfullcapacitywiththreeworkingshiftsaday

fortheremainderoftheyear.Theplantwas

scheduledtoproduce107200enginesin2012,

ofwhich50200engineswereforthelocally

builtPoloandPoloVivomodels,while57000

enginesweredestinedforthreeexportmarkets,

namelyIndia,MexicoandChina,withthelatter

beingVWSA’sbiggestengineexportmarket.

• In2012,ChinaAfricanPreciousMetals

(CAPM)tookcontrolofPamodziGold’s

Orkneymine.CAPMis74%ownedby

SuperbGoldLtd,with26%owned

byaBroad-BasedBlackEconomic

Empowermentconsortium,

• InOctober2012,SouthAfricanfirmCOAL

ofAfrica(CoAL)sold$100millioninshares

(24%stake)toChina’sBeijingHaohua

EnergyResourceGroup.

• ChinesecompanySinoSteelcreatesnearly

4000jobsforlocalpeople.

• FirstRandhasaChineseRepresentative

OfficelocatedinShanghai.Through

thisoffice,itfacilitatesthefinancingof

cross-bordertradebetweenAfricaand

Asia,includingtheprovisionofbanking

productsandservicestofinancial

institutionsintheregion.

• Duringthefirstsixmonthsof2012,China

becameoneofSouthAfrica’stopfive

sourcemarketsofoverseastouristswith

atotalof60272Chinesetouristsvisiting

SouthAfrica.Thiswastheresultofthe

introductionofSouthAfricanAirways’

(SAA)directflightsbetweenBeijingand

JohannesburginJanuary2012.Tourist

arrivalsfromChinaincreasedby24,3%

between2010(68309)and2011(84883).

• ThePeople’sRepublicofChinaisoneof

sevenmembersthatjoinedtheSquare

KilometreArray(SKA)Organisationin

Londonon23November2011.


commoditiestoChina:

Food:

• crustaceans

Construction:

• naturalsandsofallkinds

• cementclinkers

Metals and mining:


• platinum

• ironoresandconcentrates

• diamonds


• copperoresandconcentrates

• leadoresandconcentrates

• zincoresandconcentrates


• titaniumoresandconcentrates

• zirconiumoresandconcentrates

• cobaltoresandconcentrates

• ferro-chromium

Chemicals:

• butan-1-ol

• propan-1-ol(propylalcohol)andpropan-2-

ol(isopropylalcohol)

• titaniumoxides

• polymersofpropyleneorofotherolefinsin

primaryforms

Agriculture:

• rawhidesandskinsofbovineorequine

animals,sheeporlambs

• shornwool

• cotton

Other:

• chemicalwoodpulp

• shuttlecarsforuseinundergroundmines

orlow-constructionflame-proofvehicles

• aluminiumtubesandpipes

• aluminiumplates,sheetsandstrip

• aluminiumwasteandscrap

• flat-rolledproductsofstainlesssteel

• copperwasteandscrap

• nickelplates,sheets,stripandfoil

• aluminium.

BRICSSUMMITPUBLICATION/PAGE33


RIC(S) is the only grouping

whose name was coined by a Wall

Street-based finance company

in 2001, while predicting a shift

in global economic power, away

from the developed G7 countries towards

the developing world. It was, however, the

shared will of BRICS countries to engage with

one another as well globally, in articulating

and addressing issues of concern for the

developing world and engaging in the

global quest for solutions to contemporary

challenges that led to the formalisation of the

grouping BRIC, now BRICS, in 2006.

Over the last two decades, the BRICS

economies have contributed a substantial

part of the global gross domestic product

(GDP), world manufacturing (value added)

and global manufacturing exports. As per 2012

International Monetary Fund (IMF) estimates

of GDP at market prices, among the members

of the G20, India holds the 10th position while

Brazil, China, Russia, and South Africa hold the

7th, 2nd, 9th, and 19th positions, respectively.

In terms of PPP, India occupies the 3rd

position and China, Russia, Brazil and South

Africa holds 2nd, 6th, 7th and 19th positions.

Structural economic transformation to

enhance the role played by the manufacturing

sector has been an important element of the

BRICS countries’ development strategies,

particularly in Brazil, China and India.

While growing exports played a significant

role in the economic growth of the BRICS

countries, domestic consumption, investment

and productivity growth are now playing

key roles in their economic growth. Each

country, however, had different experiences

in promoting the development of the

manufacturing sector and increasing its

share in the GDP. Their growing middle class

is another aspect of strength among BRICS

economies. It is believed that by 2020 the

middle class in BRICS countries will surpass

that of the G7.

Between 2001 and 2010, BRICS countries

maintained an average growth rate, which

was twice as high as the Organisation for

Economic Cooperation and Development

(OECD) countries’ average. Even in the

aftermath of the worst global economic and

financial crisis, BRICS countries, particularly

India and China – though they also witnessed

slower growth rates owing to weakening global

demand – maintained their robust growth rates

and emerged as engines of economic growth,

which helped global economic recovery. In

the recovery process, there are lessons for the

BRICS economies.

Since 2006, BRICS has evolved a number

of mechanisms of cooperation. BRICS

foreign ministers and finance ministers meet

regularly. Regular meetings of the ministers

of agriculture, trade and health are held to

explore new avenues of cooperation. BRICS

high representatives responsible for national

security have met to exchange views on a

range of security-related issues of mutual

interest. A meeting of BRICS speakers

was also held on the sidelines of the G20

Speakers’ Meeting in Seoul in May 2011. Other

BRICS tracks include meetings on friendship

cities, statistical authorities and competition

authorities. BRICS development banks are also

cooperating with each other with the aim of

increasing intra-BRICS trade and investment

flows. BRICS countries are also engaged in

discussion on swap arrangements among

the BRICS national currencies as well as

reserve pooling arrangements. Three sectoral

forums – BRICS Think-Tanks, Business Forum

and Financial Forum – have also been set up.

These meet prior to a summit and provide

inputs into the summit agenda.

India has committed itself to further

strengthening the BRICS cooperation

framework. The BRICS Delhi Action Plan,

annexed to the Delhi Declaration issued by

the leaders at the Fourth Summit in New Delhi

in March 2012, laid down the broad contours

of cooperation under India’s Chairmanship of

BRICS. It provided an enabling framework for

cooperation in identified areas.

India’s initiative relating to a new BRICS–led

Development Bank, for mobilising resources

for infrastructure and sustainable development

projects in BRICS and other emerging

economies and developing countries, is a

crucial initiative that has attracted wide

attention. The bank’s role would be to

supplement the efforts of existing mechanisms

such as the World Bank Group and other

multilateral development banks. BRICS finance

ministers and technical experts are exploring

the feasibility and viability of this idea.

In the run-up to the fourth BRICS Summit

in Delhi in March 2012, India hosted the first

BBY PINAK CHAKRAVARTY

The fifth BRICS Summit –

Laying down a future road map for intense cooperation



meeting of the Economic Research Group to

bring economic content of BRICS cooperation

into sharper focus. The Prime Minister of India,

Dr Manmohan Singh, proposed at the fourth

summit in New Delhi that in view of common

challenges presented by urbanisation for all

BRICS countries, we should encourage sharing

of experience in areas such as urban water

supply and sanitation, waste management,

storm water drainage, urban planning, urban

transport and energy-efficient buildings.

Pursuant to this suggestion, India hosted the

first BRICS Urban Infrastructure Forum in New

Delhi on 1 February 2013, which facilitated

sharing of experiences on water supply and

sanitation, effective solid waste management

for improved environment and urban transport.

India coordinated a BRICS study with special

focus on synergies and complementarities

which was released at the Delhi Summit.

This was initiated at the suggestion of Prime

Minister Dr Manmohan Singh at the first

Summit in Yekaterinburg, Russia, in June

2009. A mention must also be made of the

two agreements – a Master Agreement on

Extending Credit Facility in Local Currencies

and a BRICS Multilateral Letter of Credit

Confirmation Facility Agreement – signed by

the BRICS development banks at the fourth

Summit. These are enabling instruments

to reduce trade transaction costs and thus

significantly promote intra-BRICS trade.

BRICS Track-II engagement among the

leading think-tanks of the five countries was

formalised by India in their first meeting

in New Delhi in May 2009, before the First

Summit in Yekaterinburg, Russia in June

2009. The lead Indian think-tank, Observer

Research Foundation, in consultation with its

BRICS counterpart think-tanks, has worked on

the “Long-Term Vision for BRICS” at the fifth

summit in Durban in March 2013.

A number of BRICS activities/meetings have

been held under India’s chairmanship since the

fourth New Delhi Summit in March 2012.

BRICS foreign ministers met on the sidelines

of the United Nations General Assembly in

New York in September 2012. BRICS Trade

Ministers met in Puerta Vallarta, Mexico, in

April 2012 on the margins of the G20 trade

ministers’ meeting. BRICS health ministers

and BRICS high representatives responsible

for national security met in New Delhi on

10 to 11 January 2013. Other meetings include

meetings of finance ministers and central bank

governors on the sidelines of G20 meetings/

other multilateral (World Bank/IMF) meetings;

two meetings of CGETI (Contact Group on

Economic and Trade Issues); a preparatory

meeting of experts on agro-products and

food security issues and the second meeting

of the Agriculture Expert Working Group;

BRICS agriculture experts on climate change

and food security; the second BRICS Senior

Officials’ Meeting on Science and Technology;

and the second BRICS Friendship Cities and

Local Governments Cooperation Forum in 2012

in Mumbai. India will host the third meeting of

BRICS Competition Authorities in November

2013. The BRICS competition authorities have

held regular biennial meetings since their first

meeting in Russia in 2009.

BRICS serves as a useful platform for

consultation, coordination and cooperation

on issues of mutual interest to all five

constituents in an environment of mutual

trust and understanding. It has facilitated the

evolution of convergent positions on many

global issues such as reform of international

financial institutions, support for a democratic

and multipolar world order, World Trade

Organisation, sustainable development, and

certain regional and political issues.

BRICS countries are together working

in an environment wherein supply-side

constraints, including the challenges of the

global economic slowdown, volatility in

financial flows and food and energy security

are prevailing trends. Maintaining the pace

of high economic growth and reconciling

developmental needs with the imperatives

of sustainability and inclusiveness, are major

challenges for BRICS countries.

The BRICS process is relatively new. It is

exploring new forms of cooperation. We wish to

strengthen cooperation under BRICS in a gradual

manner; consolidating on the existing areas and

simultaneously exploring new areas. Our objective

is to project BRICS as a serious and effective

grouping in the global discourse.

India looks forward to the fifth summit

in Durban in March 2013, where the

responsibility of Chairmanship of BRICS

passes from India to South Africa. The

Durban Summit will be a historic opportunity

for the BRICS leaders to review progress so

far and lay down a future road map for more

intense cooperation.

Pinak Chakravarty is the Secretary

(Economic Relations), Ministry of External

Affairs, Government of India & Indian

Sherpa to BRICS



BRICS leaders at the fourth summit in India in 2012


outh Africa is a country where

various cultures merge to form

a unique nation, proud of its

heritage. the country boasts some

of the world’s most breathtaking

scenery and features an amazing display of

bird- and wildlife species, which include the

well-known Big Five (lion, leopard, elephant,

buffalo and rhino). south Africa’s biggest asset

is its people – a rainbow nation with rich and

diverse cultures.

south Africa is often called “the cradle of

humankind”, for this is where archaeologists

discovered 2,5-million-year-old fossils of our

earliest ancestors, as well as 100 000-year-old

remains of modern man.

The land

south Africa occupies the southernmost tip of

Africa. the country stretches latitudinally from

22° to 35° s and longitudinally from 17° to 33° E.

its surface area is 1 219 090 km2.

the country has common boundaries with

namibia, Botswana and Zimbabwe, while

mozambique and swaziland lie to the

north-east.

completely enclosed by south African territory

in the south-east is the mountain kingdom of

lesotho. to the west, south and east, south

Africa borders on the Atlantic and indian

oceans. isolated, some 1 920 km south-east

of cape town in the Atlantic, lie the Prince

Edward and marion islands, annexed by south

Africa in 1947.

the country’s physical features range from

bushveld through deserts and forests, up

majestic mountain peaks and down to wide

unspoilt beaches and coastal wetlands.

The oceans

south Africa’s largest neighbours are the

Atlantic and indian oceans, which meet at the

southwestern corner of the continent.

the warm mozambique-Agulhas current skirts

the east and south coasts as far as cape Agulhas,

while the cold Benguela Current flows northwards

along the west coast as far as southern Angola.

the contrast in temperature between these two

currents partly accounts for important differences

in climate and vegetation between the east and

west coasts of south Africa.

it also accounts for the differences in marine

life. the cold waters of the west coast are

much richer in oxygen, nitrates, phosphates

and plankton than those of the east coast.

Consequently, the South African fishing industry

is centred on the west coast.

The coasTs

the coastline stretches more than 3 000 km

and is an even, closed one with few bays or

indentations naturally suitable for harbours.

the only ideal natural harbour along the coastline

is saldanha Bay on the west coast. However, the


About South Africa

S

area lacks fresh water and does not offer natural

lines of penetration to the interior.

RiveRs and lakes

Most river mouths are unsuitable as harbours

because large sandbanks block entry for most

of the year. These bars are formed by the action

of waves and currents and by the intermittent

flow, heavy sediment load and steep gradients

of most South African rivers. The country has no

commercially navigable rivers and no significant

natural lakes. Several artificial lakes are used

mostly for agricultural irrigation.

The Orange River is South Africa’s largest

river. It rises in the Drakensberg mountains,

traverses through the Lesotho highlands and

joins the Caledon River between the Eastern

Cape and the Free State. Before it empties

into the Atlantic Ocean, it forms the border

with Namibia. Other major rivers include the

Vaal, Breede, Komati, Lepelle (previously

Olifants), Tugela, Umzimvubu, Limpopo and

the Molopo.

Relief featuRes

South Africa’s surface area falls into two major

physiographic categories: the interior plateau

and the land between the plateau and the coast.

Forming the boundary between these two areas

is the Great Escarpment, the most prominent

and continuous relief feature of the country. Its

height above sea level varies from about 1 500 m

in the dolerite-capped Roggeveld scarp in the

south-west, to 3 482 m in the KwaZulu-Natal

Drakensberg.

Inland from the escarpment lies the interior plateau,

which is the southern continuation of the great

African plateau stretching north to the Sahara

Desert. The plateau itself is characterised by wide

plains with an average height of 1 200 m above

sea level. The dissected Lesotho plateau, which is

more than 3 000 m above sea level, is the most

prominent. In general, the escarpment forms the

highest parts of the plateau.

Between the Great Escarpment and the coast

lies an area which varies in width from 80 km to

240 km in the east and south, and 60 km to

80 km in the west.

At least three major subdivisions are

recognised: the eastern plateau, the Cape

folded belt and adjacent regions, and the

western plateau slopes.

ClimatiC featuRes

Although the country is classified as semi-arid,

it has considerable variation in climate.

The subtropical location, on either side of 30°S,

accounts for the warm temperate conditions

so typical of South Africa, making it a popular

destination for foreign tourists. Being in the

southern hemisphere, the seasons in South

Africa are opposite to those of Europe and

North America. The country also falls squarely

within the subtropical belt of high pressure,

making it dry with anabundance of sunshine.

Although Durban (east coast) and Port Nolloth

(west coast) lie more or less on the same

latitude, there is a difference of at least 6°C in

their mean annual temperatures.

Rainfall

South Africa has an average annual rainfall of

450 mm, compared with a world average of

860 mm. About 65% of the country receives less

than 500 mm per year, which is generally

accepted as the minimum amount required for

successful dry-land farming.

South Africa’s rainfall is unreliable and

unpredictable. Large fluctuations in the average

annual rainfall are the rule rather than the

exception in most areas.

About 21% of the country, mainly the arid west,

receives less than 200 mm per year. Below-

average annual rainfall is more often recorded

than above-average total annual rainfall. South

Africa is periodically afflicted by drastic and

prolonged droughts, which often end in severe

floods. In Cape Town, the capital city of the

Western Cape, the average rainfall is highest in

the winter months, while in the capital cities of

the other eight provinces, the average rainfall is

highest during summer.

tempeRatuRes

Temperature conditions in South Africa are

characterised by three main features: they tend

to be lower than in other regions at similar

latitudes, for example, Australia, due primarily

to the greater elevation of the subcontinent

above sea level; despite a latitudinal span of 13°,

average annual temperatures are remarkably

uniform throughout the country; and there is a

striking contrast between temperatures on the

east and west coasts.

Owing to the increase in the height of the

plateau towards the north-east, there is hardly

any increase in temperature from south to north.

Temperatures above 32° C are fairly common

in summer, and frequently exceed 38° C in the

lower Orange River Valley and the Mpumalanga

Lowveld.

fRost, humidity and fog

Frost often occurs on the interior plateau

during cold, clear, winter nights with ice

forming on still pools and in water pipes. The

frost season (April to October) is longest

over the eastern and southern plateau areas

bordering the escarpment.

Frost decreases to the north, while the coast

is virtually frost-free. Along the coast, the

humidity is much higher than inland and at

times may rise to 85%. Low stratus clouds and

fog frequently occur over the cool west coast,

particularly during summer. The only other area

that commonly experiences fog is the “mist belt”

along the eastern foothills of the escarpment.

the people

According to Statistics South Africa’s (Stats SA)

Mid-Year Population Estimates, 2011, released

in July 2011, there were 50,59 million people

living in South Africa, of whom 79,5% were

African, 9% coloured, 2,5% Indian and 9% white.

Approximately 52% of the population is female.

Nearly one-third (31,3%) of the population was

aged younger than 15 years and approximately

7,7% (3,9 million) 60 years or older. Of those

younger than 15 years, approximately 23%

(3,66 million) lived in KwaZulu-Natal and 19,4%

(3,07 million) lived in Gauteng.

languages

According to the Constitution of the Republic of

South Africa, 1996, everyone has the right to use

the language and participate in the cultural life

of his or her choice, but no one may do so in a

manner that is inconsistent with any provision of

the Bill of Rights.

Each person has the right to instruction in his or

her language of choice, where this is reasonably

practicable.

offiCial languages

The diversity of the unique cultures of

South Africa means that there are 11 official

languages. Although English is the mother

tongue of only 8,2% of the population, it is

the language most widely understood, and

the second language of the majority of South

Africans. However, government is committed

to promoting all the official languages,

including the Khoi, Nama and San languages,

as well as Sign Language.

Religion

According to the Constitution, everyone has

the right to freedom of conscience, religion,

thought, belief and opinion. Almost 80% of

South Africa’s population follows the Christian

faith. Other major religious groups are the

Hindus, Muslims, Jews and Buddhists.

A minority of South Africa’s population do

not belong to any of the major religions, but

regard themselves as traditionalists of no

specific religious affiliation.

(Acknowledgement: South Africa Yearbook

2011/12, Published by the Government

Communication and Information System)

BrICS SUMMIT PUBLICATION / PAGE 37


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Group Five is a diversified construction, infrastructure concessions and related services group engaged in resources, energy, real estate and

infrastructure delivery with a growing international client base in South Africa, the rest of Africa and Eastern Europe

We operate in Africa, the Middle East and Eastern Europe I Construction Charter

Level 2 BBBEE rating I Winner of DEKRA Ethics Award 2009 I Ranked 4th in JSE

SRI Index 2010 I 9th in Financial Mail’s top empowerment companies 2010 I 5th as

Best Employer by CRF Institute 2012/13 I Employing 10 500 people in 25 countries I

Celebrating 39 years as a listed entity

Group Five Corporate and Business Services (Pty) Ltd 371 Rivonia Boulevard, Rivonia, Sandton I PO Box 5016, Rivonia 2128, South Africa I Tel +27 11 806 0111 I Fax +27 11 803 5829 I Email [email protected] I Website www.groupfive.co.za

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Skilled and experienced to deliver any aspect of an infrastructural project,

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well as maintenance

Levy Business Park, Lusaka, Zambia

Anvil Kinsevere Mine Project Stage 2 and 3, DRCKoeberg Interchange, South Africa

Asbestos-free building components Education Building PPP, South Africa

King Shaka International Airport, South AfricaMoses Mahbida Stadium, South Africa

Water Treatment, Mauritius



Fast facts onBrazil, Russia, India and China

BRAZIL

Population: 184 184 000

Capital: Brasilia; 3 099 000

Area: 8 547 403 square kilometers (3 300 169 square miles)

Language: Portuguese

Religion: Roman Catholic

Currency: Real

Life expectancy: 69

GDP per capita: US $7 600

Literacy percent: 86

colonial capital, 1549 – 1763) shows an earlier age of plantation wealth,

but today this is a poor region subject to devastating droughts. Millions

have left here for jobs in the southeast. However, tourism has begun to

boom due to sunny weather, samba music and soft sand beaches.

The north, dominated by the Amazon, is the largest region with the

fewest people. The Government is making progress in conserving

the tropical rain forest and protecting the indigenous people.

Tumucumaque National Park, created in 2002, is the world’s largest

tropical forest park.

ECONOMY

• Industry: textiles, shoes, chemicals, cement, lumber, iron ore

• Agriculture: coffee, soy beans, wheat, rice; beef

• Exports: transport equipment, iron ore, soy beans, footwear, coffee.

RUSSIA

Population: 143 025 000

Capital: Moscow; 10 672 000


Language: Russian

Religion: Russian Orthodox, Muslim, other

Currency: Russian Ruble

Life expectancy: 65



The country has rich mineral and energy resources. The mighty Volga,

Europe’s longest river, flows from northern Russia into the Caspian Sea.

Siberia encompasses more than half the territory but is home to less

than 20% of the population. Siberian workers toil at prying natural gas,

oil, coal, gold, and diamonds from the frozen earth. Commodities such

as fur and timber also earn coveted foreign currency.

Invading Mongols controlled Russia from 1240 to 1380. In 1547 Ivan IV, a

Muscovite prince, adopted the ancient title of caesar (tsar in Russian).

He and his successors unified fragmented lands and began taking the

region that is today Siberia.

Russia looked westward after 1698, when Peter the Great returned from

his travels in Europe. Conquering territory along the Baltic Sea, he built

his mostly landlocked realm a port capital, St Petersburg (known from

Brazil is the giant of South America with nearly half of the continent’s

area and people; worldwide it ranks fifth in both area and population,

which is as diverse as it is large. About 54% (103 million) are mainly of

European origin, descendants of immigrants from Portugal, Italy, Spain,

Germany and Eastern Europe. More than 44% (85 million) are black or

of mixed-race, a legacy of the African slave trade. Less than 1%

(700 000) are from indigenous groups, mostly Indians in the Amazon

region; smaller numbers of Japanese, other Asians and Arabs live in the

larger Brazilian cities.

The motto “Ordem e Progresso”– Order and Progress – appears

on Brazil’s flag. Political progress continues after years of military

dictatorship gave way to civilian rule in 1985. Recent censuses reveal

social progress, with lower infant mortality rates and higher literacy

rates. Brazil’s growing urbanization rate helps economic development

(some 80% of Brazilians live in urban areas), but creates serious social

and environmental problems in cities.

São Paulo, with some 10.9 million people, is Brazil’s largest city—

and one of the world’s largest metropolises. It is the leading

industrial producer and financial center, but problems with pollution,

overcrowding, and poverty abound. The Southeast region of

Brazil includes São Paulo, Belo Horizonte, and Rio de Janeiro—the

economic hub of Brazil, containing more than 40% of the country’s

population. South of São Paulo is a rich agricultural region with

European-style standards of living, where German and Italian

are still spoken alongside Portuguese. Itaipu, the second-largest

hydroelectric power facility in the world, provides electricity to

power-hungry São Paulo.

Brazil’s second most populous region is the northeast region, from

Maranhao in the north down to Bahia (the most African of Brazilian

states). The architecture of cities like Recife and Salvador (Portuguese

Fast facts onBrazil, Russia, India and China



1924 until 1991 as Leningrad), and established Russia’s first navy. Russia

entered the 20th century as enormous and imperial.

Mikhail Gorbachev took office in 1985 and unveiled sweeping plans for

economic restructuring (perestroika), soon followed by unprecedented

political openness (glasnost). The Soviet Union dissolved after a failed

coup in 1991, producing Russia and 14 independent republics – with

Russian minorities totaling some 20 million. Russia seeks to protect

these minorities, maintain its economic influence on resources (like oil),

and confront separatism at home (as in Chechnya).

ECONOMY

• Industry: mining and extractive industries, machine-building,

ship-building, road and rail transportation equipment,

communications equipment

• Agriculture: grain, sugar beets, sunflower seed, vegetables; beef

• Exports: petroleum and petroleum products, natural gas, wood and

wood products, metals, fur.

INDIA

Population: 1 103 596 000

Capital: New Delhi; 295 000


Language: Hindi, English, 14 other official languages

Religion: Hindu, Muslim, Christian, Sikh, Buddhist, Jain, Parsi

Currency: Indian Rupee

Life expectancy: 63



The South Asian country of India includes a peninsula extending into

the Indian Ocean, and it is a land of great contrasts in geography. The

barren, snow-capped Himalaya, the world’s tallest mountain system,

rises along its northern border. South of the Himalaya, the low, fertile

Ganges Plain is India’s most populous region. The Great Indian Desert

lies in the west, but eastern India receives some of the highest rainfall

in the world during the monsoon season (June to October). India is

second only to China in country population but India is growing faster

(by some 17 million a year) and may surpass China by 2030. Although

81% of the people are Hindu, India also has more than 138 million

Muslims – one of the world’s largest Muslim populations.

Hindu culture evolved out of the mingling of indigenous Dravidian

peoples and Aryan-speaking nomads who arrived from Central Asia in

1500 BC Islam spread across the subcontinent starting in the eighth

century AD From the 17th century to the mid-20th century, India was

the pride of the British Empire. Guided by Mahatma Gandhi, Indians

won nationhood in 1947. From British rule they inherited deep poverty

but also parliamentary government, the English language, and a far-

flung rail system, which helped knit the multi-ethnic country into a

secular democracy often called the world’s largest democracy.

A 1948 cease-fire line, known as the Line of Control, divides Kashmir

between India and Pakistan. India claims that Kashmir legally is part

of it, but Pakistan says that the mostly Muslim population should vote

on which country to join. Diplomatic talks with China work to resolve

border disputes in India’s northeast state of Arunachal Pradesh.

Mumbai (Bombay) is the largest city and is home to Bollywood, India’s

film industry. Bangalore is India’s Silicon Valley. India has a burgeoning

middle class and has made great strides in engineering and information

technology.

ECONOMY

• Industry: textiles, chemicals, food processing, steel, transportation

equipment, cement, mining

• Agriculture: rice, wheat, oilseed, cotton, cattle, fish

• Exports: textile goods, gems and jewellery, engineering goods,

chemicals, leather manufactures.



China is the world’s most populous country with more than 1,3 billion

people – 20% of the Earth’s population. Occupying most of East Asia,

it is the fourth-largest country in area (after Russia, Canada and the

US). China’s geography is highly diverse, with hills, plains, and river

deltas in the east and deserts, high plateaus and mountains in the west.

Climate is equally varied, ranging from tropical in the south (Hainan) to

subarctic in northeastern China (Manchuria).

China’s geography causes an uneven population distribution; 94% live

in the eastern third of the country. Shandong province, with its mild

coastal climate, has more than 90 million people, but Tibet, with its

harsh mountain plateau climate, has less than three million. The coastal

regions are the most economically developed – acting as a magnet for

an estimated 150 million Chinese migrants from the poor rural interior.

This figure, from 2008, grows by an estimated 10 million Chinese each

year.

China has perhaps the world’s longest continuous civilization; for more

than 40 centuries its people created a culture with strong philosophies,

traditions and values. The start of the Han dynasty 2 200 years ago

marked the rise of military power that created an empire – one that

provided a golden age in art, politics and technology. Ethnic Chinese

still refer to themselves as the “People of Han,” and Han Chinese

constitute 92% of the country’s population.

Successive dynasties developed a system of bureaucratic control that

gave agrarian-based China an advantage over rivals. By 2030, it’s

estimated that some 60% of the country’s citizens will live in urban

areas.

The first half of the 20th century saw the fall of the last Chinese

emperor, Japanese invasion, World War II, and civil war between

Chinese Communist and Nationalist forces – ending with the retreat of

the Nationalists to Taiwan. The People’s Republic of China from 1949

to 1976 imposed state control on the economy. Since 1979, China has

reformed its economy and allowed competition, and today it has one

of the world’s highest rates of growth, averaging nearly 10% since the

late 1970s.

Rapid industrial development has increased pollution – with China

having four of the world’s 10 most polluted cities when it comes to

air quality. The largest producer and consumer of coal, the country is

turning away from coal toward clean hydroelectric resources, such as

the Three Gorges Dam.

In 2003, China became only the third nation (after Russia and the US)

to launch a manned spaceflight. The country launched a lunar orbiter in

2007 with the possibility of a manned mission to the moon by 2020.

ECONOMY

• Industry: Iron and steel, coal, machine building, armaments, textiles

and apparel, petroleum, cement

• Agriculture: rice, wheat, potatoes, sorghum, pork, fish

• Exports: machinery and equipment, textiles and clothing, footwear,

toys and sporting goods, mineral fuels.

Source: National Geographic Atlas of the World, Eighth Edition

CHINA

Population: 1 303 701 000

Capital: Beijing; 10 849 000


Language: Chinese (Mandarin), Cantonese, other dialects and

minority languages

Religion: Taoist, Buddhist, Muslim

Currency: Yuan, also referred to as the Renminbi

Life expectancy: 71



hile much of the world

staggered in the wake of the

global financial meltdown,

South Africa has managed to

stay on its feet – largely due

to its prudent fiscal and monetary policies.

The country is politically stable and has a well-

capitalised banking system, abundant natural

resources, well-developed regulatory systems as

well as research and development capabilities,

and an established manufacturing base.

Ranked by the World Bank as an “upper

middle-income country”, South Africa is the

largest economy in Africa – and it remains rich

with promise.

With a world-class and progressive legal

framework, South African legislation

governing commerce, labour and maritime

issues is particularly strong, and laws on

competition policy, copyright, patents,

trademarks and disputes conform to

international norms and standards. The

country’s modern infrastructure supports the

efficient distribution of goods throughout the

southern African region.

The economy has a marked duality, with a

sophisticated financial and industrial economy

having grown alongside an underdeveloped

informal economy. It is this “second economy”

which presents both potential and a

developmental challenge.

Positive outlook

In its 2012-13 Global Competitiveness

Report, the World Economic Forum ranked

South Africa second in the world for the

accountability of its private institutions, and

third for its financial market development,

“indicating high confidence in South Africa’s

financial markets at a time when trust is

returning only slowly in many other parts of

the world”. The country’s securities exchange,

the JSE, is ranked among the top 20 in the

world in terms of size.

Diversity anD growth

South Africa’s success in reforming its

economic policies is probably best reflected

by its gross domestic product (GDP) figures,

which reflected an unprecedented 62 quarters

of uninterrupted economic growth between

1993 and 2007, when GDP rose by 5,1%. With

South Africa’s increased integration into the

global market, there was no escaping the

impact of the 2008-09 global economic crisis,

and GDP contracted to 3,1%.

While the economy continues to grow – driven

largely by domestic consumption – growth is

at a slower rate than previously forecast. It

is projected to grow at 2,7% in 2013; 3,5% in

2014; and 3,8% in 2015.

According to figures from the National

Treasury, total government spending will reach

R1,1 trillion in 2013. This represents a doubling

in expenditure since 2002/03 in real terms.

To ensure that there is a similar improvement

in service-delivery outcomes, the Government

is putting in place measures to strengthen the

efficiency of public spending and to root out

corruption.

Under its inflation-targeting policy,

implemented by the South African Reserve

Bank, prices have been fairly steady. In

January 2013, the annual consumer inflation

rate was 5,4%, dipping from December 2012’s

5,7%. Stable and low inflation protects living

standards, especially of working families and

low-income households.

South Africa has a diverse economy, with

key sectors roughly contributing to GDP* as

follows:

• agriculture:2,2%

• mining:10%

• manufacturing:12,3%

• electricityandwater:2,6%

• construction:3,9%

• wholesale,retailandmotortrade:16,2%

• transport,storageandcommunications:9%

• finance,realestateandbusinessservices:21,2%

• governmentservices:16,7%

• personalservices:5,9%.

* Note: Percentages based on 2012 GDP data

from Statistics SA.

The country’s outlook is affected both by

national concerns, such as unrest in and

pressure on the mining industry, as well as

international sluggishness, with Europe as one

of South Africa’s chief export destinations.

However, trade and industrial policies

encourage local firms to explore new areas of

growth based on improved competitiveness.

China, India and Brazil offer significant

opportunities. Infrastructure, mining, finance

and retail developments across Africa are

helping to fuel a growth trajectory in which

South Africa can participate.

Challenges

As the National Treasury is at pains to point

out, development is not just the pursuit

of growth – it is also about creating a

more equitable future. The South African

Government is determined to address its key

challenges through the economic integration

of its previously disadvantaged majority.

Unemployment, at a rate of 25%, remains the

most challenging of South Africa’s hurdles: it is

at the top of government priorities and at the

heart of its economic policies.

The New Growth Plan (NGP), launched in

November 2010, builds on plans to restructure

the economy to ensure more inclusive and

sustainable growth – and sets a target of

creating five million new jobs by 2020.

The road map to do this is provided by the

Industrial Policy Action Plan, which proposes

South Africa: Economic overviewW

BRICS SUmmIT PUBlICATIoN / PAGE 43


multisectoral interventions across agriculture,

mining, manufacturing, tourism and other high-

level services to create substantial employment.

South Africa’s dream of growing an inclusive

economy by drawing on the energies of its people

is given voice through the National Development

Plan 2030, launched in August 2012.

The proposed interventions aim to eliminate

poverty and reduce inequality by 2030 by

expanding economic opportunity for all by:

• investinginandimprovinginfrastructure,as

well as supporting industries such as mining

and agriculture

• diversifyingexports

• strengtheninglinkstofaster-growingeconomies

• enactingreformstolowerthecostofdoing

business

• reducingconstraintstogrowthinvarious

sectors

• movingtomoreefficientandclimate-friendly

production systems

• encouragingentrepreneurshipandinnovation.

Green economy

One of the most important elements of the

NGP is a green economy, and the potential the

creation of a lower-carbon economy has as a

potential job generator as well as a spur for

industrial development.

President Jacob Zuma has committed South

Africa to slowing its growth in greenhouse

gas emissions by 34% in 2020, and by 42%

by 2025. By May 2012, the Government had

approved 19 wind, solar and hydropower

proposals worth R73 million to help boost

clean energy.

In 2011, the Government entered into the

Green Economic Accord, which aims to create

300 000 jobs in the next 10 years through

investment in the green economy. In 2012,

National Treasury allocated R800 million over

two years to the Green Fund, which aims to

provide finance for high-quality, high-impact,

job-creating green economy projects around

the country.

Infrastructure

Over the past decade, substantial increases

in government social service spending have

helped reduce poverty, but now the Government

has begun to place a greater emphasis on

infrastructure, employment and economic growth.

In a massive public-sector investment, South

Africa has spent R642 billion on infrastructure

development in the past three years – and

plans to spend more than R827 billion over the

next three years to improve access to export

marketsandreducecostsintheeconomy.

Money will be spent on improving the energy

sector to double electricity generation,

on transport and logistics, hospitals and

clinics, and on education infrastructure as an

investment in human capital.

Investors

The overall investment environment remains

encouraging. A G20 country, South Africa is

consideredalow-riskinvestmentdestination

PAGE 44 / BRIcS SuMMIT PuBlIcATION


for investors looking for a foothold into Africa.

As the continent’s largest African investor,

South Africa sends more than 25% of its

manufactured products into the continent.

Through investment incentives and industrial

financing interventions, the Government

actively seeks to encourage commercial activity

and attract foreign capital. South Africa earned

around R42 billion in foreign direct investment

in 2011, which was more than four times the

amount in 2010.

Principal international trading partners of South

Africa (besides other African countries) include:

China, the United States, Germany, Japan and

the United Kingdom.

Chief exports are metals and minerals.

Machinery and transportation equipment

make up more than one-third of the value of

the country’s imports. Other imports include

automobiles, chemicals, manufactured goods

and petroleum.

Ratings

South Africa is the highest-ranked African country

and third-placed among the BRICS economies in

the World Economic Forum’s (WEF) 2012 Global

Competitiveness Index, ranking 52nd out of 144

countries surveyed while placing third overall for

financial market development.

South Africa is ranked 35th out of 183

countries for ease of doing business according

to Doing Business 2012, a joint publication of

the World Bank and the International Finance

Corporation.

In January 2013, Fitch, the ratings agency, cut

South Africa’s sovereign credit rating by one

notch to BBB. It said it had revised its outlook

because of subdued growth prospects, which

it believed would affect public spending and

exacerbate social and political tensions.

Fitch has the country on a stable outlook, and

acknowledges South Africa’s sound banking

system and its “deep local bond market”. The

country also outscores the BBB range median on

all six of the World Bank’s governance indicators.

Unrest in the mining sector also led to

downgrades late in 2012 from Moody’s (Baa1)

and Standard & Poor’s (BBB).

In response to the rating agencies, National

Treasury has emphasised the resilient nature

of its fiscal policy, and its disciplined spending,

which is focussed on infrastructure to support

and enhance the country’s productivity. It said

it was working with all parties to address the

issues around the strikes.

BRICS SUMMIT PUBlICATION / PAGE 45


BY MILLER MATOLA, CEO OF BRAND SOUTH AFRICA

BRICS –

he hosting of the fifth BRICS

Summit ia a historic moment in the

grouping’s history. It will represent

the first full cycle of global

gatherings since the formation

of this powerful group of leading emerging

economies in the world, namely Brazil,

Russia, India, China and South Africa. Once

again, the BRICS Summit will seek to explore

areas of common ground for each of these

major economies, providing an opportunity

to identify new business and economic

cooperation opportunities, while at the same

creating a platform to work

together to achieve peace, security,

development and cooperation for a more

equitable and fair world.

But, in the current challenging economic

environment, when ordinary South African

citizens are finding the going tough, why

should they care about this global gathering

here in our country, or indeed feel it has any

actual relevance to their lives?

The bottom line is that everyone should care,

that is if they have an interest in South Africa’s

future and its cementing of an increasingly

more important strategic role on the global

economic stage.

Simply put, BRICS is a highly influential and

powerful club that South Africa should not only

want to belong to, but which also provides an

unprecedented opportunity for the country

to maximise the vast potential benefits that

come from being a member. It is an enviable

position to be in from a nation brand-building

perspective, but for ordinary citizens it means

the potential for exponential growth if the

examples of the other BRICS member countries

are to be followed.

South Africa has the opportunity to learn

valuable lessons from the successful examples

of nation-building on the part of Brazil, India,

Russia and China. Each of these countries was a

member of the BRIC grouping for 10 years prior

to South Africa joining in 2011 and expanding

the group to BRICS as it is known today. Each

country has reaped considerable rewards in

terms of economic growth and prosperity.

South Africa can look to replicate what has

worked for its fellow BRICS members in terms

of positioning the country to potential global

investors, strategic partners and visitors – all of

which means new business opportunities, new

foreign investment, much-needed new jobs, and

ultimately economic growth.

There are definite parallels between South

Africa and the other BRICS countries in

terms of its economic growth potential – it

simply has to be harnessed, something these

Why South Africa’s citizens should care

T





other countries have managed to achieve.

If one looks at the example of Brazil, its

economy only really started to flourish with

the growth of the private sector and the

creation of a genuine entrepreneurial culture

in the country. As a result, the middle class

expanded and their powerful purchasing

potential was harnessed for the benefit of all

sectors of society, creating jobs, stimulating

new businesses and opening up new

investment opportunities. Global investors

began to look at Brazil with new eyes as they

saw the opportunity to pursue viable new

business ventures relating to infrastructure

development, retail, and other key business

sectors. The country’s marketplace opened

up for the supply of new global products and

services, not just creating new and much–

needed investor interest, but also stimulating

new jobs and business opportunities for

ordinary citizens. Brazil’s subsequent

meteoric rise on the global economic

stage was stimulated by this economic

growth strategy.

Similarly in India, the country is currently

experiencing a period of unprecedented

economic growth with foreign investment

and joint venture partnerships in such fields

as telecommunications and IT helping to

position the country at the forefront of

technology hubs around the world. Such

positioning and investor confidence is

attracting continuing business and financial

support into the country, together with major

global retail and business brands, all looking

to be part of this economic success story.

Both Brazil and India’s citizens recognise

that belonging to the BRICS grouping of

emerging market economies is critical to their

countries’ economic success and reputation in

the global marketplace. They recognise that

it helps to stimulate investment, create new

business opportunities and valuable jobs, all

of which contribute to a better quality of life

for ordinary citizens. They care about their

countries’ membership of BRICS because they

can see it ultimately and tangibly benefits

their lives and the lives of their children in

the future.

So, what in real terms does membership of

BRICS mean to South Africa and its citizens

and how can the country reap similar tangible

benefits in the short to medium term? Our

country’s key advantage within the BRICS

grouping relates to our mineral wealth – we

are the largest producer in the world of

platinum, chrome, vanadium and manganese.

We are the third-largest gold-mining country

in the world, and we have a wealth of mining

and mining-related industry professional

services expertise, all of which is needed

to support the BRICS resource pool in the

global marketplace. The insatiable demand for

such commodities from the BRICS countries

themselves provides a critical source of

economic growth for South Africa in the

future. As a result, South Africa is investing

in a major infrastructure development

programme to improve its railways, ports

and fuel pipelines, recognising that such

investment is critical to unlocking the future

business potential of its vast mineral wealth.

This in turn means jobs for ordinary South

Africans and the opportunity for a better

quality of life overall.

But it is not just in the field of minerals, natural

resources and infrastructure development that

membership of the BRICS grouping brings

new economic development opportunities

for the country. South Africa’s reputation for

the sophistication of its financial market

development and the depth of its financial

and professional services expertise make

it a preferred business partner for other

BRICS country members. This competitive

edge in the global marketplace was recently

recognised by the prestigious World

Economic Forum’s Global Competitive Index

survey for 2011/12. It ranked South Africa

number one in the world for the strength of

its auditing and reporting standards, number

one in the world for the regulation of the

Johannesburg Stock Exchange, second in

the world for the soundness of our banks

and the efficacy of our corporate boards,

and number four in the world in our financial

market development. Such ratings are key

to stimulating the necessary global investor

confidence that is critical to South Africa’s

future economic growth and sends a positive

signal to our critically important fellow BRICS

members that we are open for business.

This provides another tangible example of

why South Africans should care about our

membership of BRICS.

Prior to our membership, South Africa’s export

trade with BRICS countries represented just

6,2% of total exports – in 2011, the year of

South Africa’s BRICS membership entry, this

figure grew to 16,8%. In 2011 alone, South

Africa’s trade with BRICS countries grew by a

staggering 29% – it continues to grow today

and will be at the forefront of our economic

growth into the future.

South African citizens need to recognise and

appreciate that if the country is to enter a new

era of positive economic growth and pursue

a path that allows it to fulfil its undoubted

potential, ultimately creating much-needed

jobs and the opportunity for a better life

for all citizens, membership of BRICS is key.

This grouping represents the most powerful

emerging economies in the world and provides

unprecedented opportunities for South Africa

to maximise new business, trade and political

links in its capacity as the newest member

of this club. South Africa’s citizens need to

genuinely care that we are being embraced

by BRICS as it represents a powerful new

pathway to stimulating the economic growth

that we so badly need if we are to fulfil the

aspirations and dreams of our citizens for a

better life for all.



South Africa’s 2013/14Budget summary

he 2013/14 Budget read by the

South African Minister of Finance

on 27 February contains relatively

fewer tax proposals than prior

years. However, some of the

proposals are quite far-reaching, particularly

relating to trusts and corporate gearing. In

this brief analysis, we highlight some of the

key proposals for tax law changes.

Corporate tax

• Thereisnochangeproposedtothecurrent

rates of corporate tax or dividend tax.

• Gearingcontinuestoreceivedetailed

attention and three measures are proposed

to preclude debt eroding the tax base in

certain circumstances, namely:

- Re-characterisation of debt instruments as

shares in certain circumstances, particularly

where they do not have a realistic possibility

of being repaid in 30 years, or if convertible

into shares at the request of the issuer.

- Excessive debt issued to connected persons

if the creditor is exempt from tax on the

interest.

- Acquisition debt used in corporate

restructuring (currently regulated by a

discretionary regime [section 23K]). It is

proposed to replace this with a new regime

where interest on “excessive debt” will be

allowed to roll over for up to five years.

• Certaintaxincentivesareproposedtobe

established in certain special economic

zones, including:

- a 15% corporate tax rate

- an employment incentive for workers earning

less than R60 000 per annum

- an accelerated depreciation allowance for

buildings similar to the Urban Development

Zone programme

• Donationsinexcessof10%oftaxableincome

giventopublicbenefitorganisations(PBOs)in

certain areas are permitted to be rolled over as

allowable deductions in subsequent years;

• Attentionwillbegiventotherulesdealing

with share cross issues. Recognition has been

given to the fact that there are difficulties

with the current anti-avoidance legislation.

• Furtherattentionwillbegiventothe

mark-to-market taxation regime, which was

introduced in 2012, but the implementation

of which was deferred. Further refinements

will include extending the covered persons

and rules to prevent artificial losses from

dividend transactions, among others.

• Thesecuritiestaxexemptionforcertain

financial intermediaries is to be extended to

maintain a level playing field;

• Thecostpriceoftradingstockwillinfuture

automatically conform to the International

Financial Reporting Standards valuation

without the need for approval from the

South African Revenue Service.

• Thecriteriaforeligibilityfortheresearchand

development incentive are to be adjusted to

eliminate alleged misuse.

• Dividendcessionsandmanufactured

dividends continue to receive attention.

Under consideration is a single unified

treatment both for dividend cessions and

manufactured dividends and anti-avoidance

rules to eliminate shifting of income from

taxable to exempt parties.

• Corporaterestructuringwillcontinueto

receive attention both in relation to on-shore

and off-shore reorganisations.

Individual and employment tax

The following individual and employees’ tax

points are of interest:

• Thetopmarginalrateforindividual

taxpayers has remained at 40%.

• Fringebenefitstaxreliefistobeprovided

where low-cost employer provided housing is

transferred to employees at below

market value.

• Medicaltaxcreditswillincreasemarginally

and in line with annual adjustments.

• Monetarythresholdsforexemptbursaries

given to employees’ relatives will be increased.

• Individualswhosetaxableincomeisfromone

employer and is below R250 000 a year are

not required to submit income tax returns.

• Tax-preferredsavingsandinvestment

accounts will be implemented by April 2015.

Returns and withdrawals from these accounts

will be exempt from tax. The account will have

an initial contribution limit of R30 000 and a

lifetime limit of R500 000. These limits will

allowforinflationaryadjustments.

• Thedeductibilityofcontributionstopension,

retirement annuity and provident funds and

employer contributions that constitute fringe

benefits is set at 27,5% of the greater of

remuneration or taxable income, subject to

an annual cap of R350 000.

• Contributionstoprovidentfundswillbetax

deductible, with a view to harmonise the tax

treatment of contributions to pension, retirement

annuity and provident funds. Future contributions

to provident funds will also be subject to the

same annuitisation requirements as are applicable

to pension and provident funds.

• Ayouthemploymenttaxincentiveaswell

as a tax incentive for employees in special

economic zones will be introduced.

• SomefurtherreliefondonationstoPBOsis

proposed.

• Aspecialdispensationisproposedto

address possible instances of double taxation

in share schemes and the deductibility

of employer contributions to fund these

schemes will be examined.

• Allnon-retirementfunddisabilityandincome

protection policies regardless of whether

they compensate employees for the loss of

future income or the loss of personal capital

will be uniformly treated for tax purposes, i.e.

contributions will not be deductible for tax

purposes, but payouts will be exempt from tax.

Taxation of trusts

Important measures are proposed dealing with

the income tax and (in due course) estate duty

treatment of trusts. These include the following:

• Discretionarytrustswillnolongeractasflow

through vehicles and instead will be taxed at a

trust level (i.e. as an entity) with distributions

acting as deductible payments to the extent of

current taxable income. Tax-free distributions

tobeneficiarieswillbeallowedexceptwhere

they give rise to deductible payments (i.e.

there appears to be a symmetry principle).

• Tradingtrustswillalsobetaxableattheentity

level with distributions being deductible

to the extent of current taxable income. A

trading trust according to the proposal will

be one which either conducts a trade or

one in which beneficial ownership is freely

transferable by beneficiaries.

• Distributionsfrom“offshorefoundations”will

be treated as ordinary revenue.

• Concernwasexpressedregardingtheuseof

trusts to avoid estate duty (which is a long-

standing issue), but no further details were

provided. The concern is surprising given

indicators in previous years that estate duty

was on the way out.

Property

• Therealestateinvestmenttrust(REIT)tax

regime is to be extended:

- Currently, a REIT is a listed company or trust

that invests in immovable property, receives

income from rental and distributes it to

investors. A REIT may deduct such distributions

if it resides in South Africa and if at least 75% of

its gross income is rental income.

- It is proposed to extend this regime to

unlisted REITs once they are subject to

similar regulation to listed REITs. This will be

phased in initially to wholly owned entities of

private and government pension funds and

of long-term insurers.

T



- REIT tax relief will also be extended to other

real estate entities if they become subject to

property syndication regulation.

• Thecurrentregimefortaxdepreciation

of immovable property is to be extended

to include property which is within the

“possession and use” of the taxpayer

(e.g. leasehold improvement) so that the

ownership requirement will be eliminated.

• Ataxincentiveisunderconsiderationfor

construction of new housing stock for sale

below R300 000.00 per dwelling.

Hedge funds

• Thesewillfallundercollectiveinvestment

scheme legislation and be regulated

accordingly. They will be taxed similarly to

other collective investment schemes and

unit holders will be required to treat their

earnings as ordinary revenue when realised.

A similar regime is being considered for

interest income funds.

International/cross-border tax and Excon

• Itisproposedthatthecross-border

withholding regime on interest and royalties

be extended to cross-border service fees

(subject to treaty relief). All three sets

of withholding regimes, namely interest,

royalties (which are currently subject to

withholding) and service fees will become

effective from 1 March 2014.

• Thedeductionofexpenditurebasedonan

accrual will be deferred until actual payment,

in the case of a cross-border payment

between connected persons.

• Anomaliescontinuetoreceiveconsideration,

including:

- complexities associated with the calculation

of the acceptably taxed exemption

- the threshold for the participation exemption

- transfer pricing requirements in management

activities for the benefit of foreign branches

- headquarter company relief to be refined

to make it more effective and easier to

understand

• ListedSouthAfricanmultinationalswillbe

allowed to treat a single local subsidiary

as a non-resident company for exchange

control purposes so that treasury operations

can remain within South Africa rather than

offshore. In addition, these entities may use

their foreign functional currency rather than

Rand as the starting point for tax calculation.

• Inrelationtocontrolledforeigncompany

activities, the imputation system will be

clarified further. Issues mentioned include:

- active offshore research and development

activities

- international shipping activities.

- international pipelines

- commodity hedges associated with active

operations

- intra-controlled foreign company insurance

premiums

• Theexemptionfromtaxonaforeignsource

of income if subject to foreign tax will be

removed in relation to initial copyright authors.

• Currencytaxationrulesaretobesimplified

in favour of a “more practical approach”. A

longer term shift is being considered towards

an IFRS-based approach.

INDIRECT TAXES

Carbon tax

• AcarbontaxofR120pertonofCO2 will be

imposed from 1 January 2015, increasing by

10% per annum.

• Thetaxforpassengervehicleswillincrease

to R90 for every gram/km emissions in

excess of 120 gCO2/km and for double cab

vehicles to R125 for every gram/km in excess

of 175 gCO2/km, effective from 1 April 2013.

• Thecertifiedemissionreductionstax

incentive is extended to 31 December 2020.

Transfer duty

• Nochangesareproposedtotransferduty.

Fuel levies

• Thegeneralfuellevyonpetrolanddieselwill

increase by 22,5c/l from 3 April 2012 and the

Road Accident Fund levy will increase by 8c/l.

• Thegeneralfuellevyalreadyincludesanew

multiproduct pipeline levy (7,5c/l) that will be

phased out on 2 April 2013. The net increase

in the general fuel levy on 3 April 2013 will

therefore be only 15c/l and not the full 22,5c/l.

The demand side levy on 95 octane petrol

sold inland will be increased later this year.

Biofuels production incentive

• Thecostoftheincentivewillbe3,5c/lto4c/l

of petrol or diesel, recovered through a levy

included in the monthly price determination.

Plastic bag and incandescent light bulb levies

• Theplasticbaglevyincreasesfrom4cto6c

per bag from 1 April 2013 and the levy on

incandescent light bulbs from R3 to R4 from

1 April 2013.

Value Added Tax (VAT)

• TheVATrateremainsunchangedat14%.

• ThefollowingVATlegislationamendments

are proposed:

- all foreign businesses supplying e-books,

music and other digital goods or services in

South Africa will be required to register for

VATinSouthAfrica.

• OtherproposedVATamendmentsthatare

under consideration include:

- theVATtreatmentofthesurrenderofgoods

under the National Credit Act will be brought

in line with that of the repossession of goods

under an instalment credit agreement

- the special time of supply rules between

connected persons where the input and

output tax is accounted for in the same tax

period will be reviewed

- where tax invoices are issued in foreign

currency, it is proposed that the supplier

uses the rate of conversion agreed between

the parties, or if no rate was agreed, the spot

rate on the date of the supply

- a potential mismatch between the output tax

and input tax treatment on conversion of a share

block scheme to sectional title will be removed

- a home-owners association will be treated the

sameforVATasasectionaltitlebodycorporate

- VATreliefwillbeprovidedforgoods

destroyed, damaged or abandoned on

the same basis as that provided under the

Customs Act for these goods when they are

entered for home consumption

- theVATtreatmentofallpooling

arrangements will be reviewed.

• Anationalgamblingtaxattherateof1%of

gross gambling revenue will be implemented

by the close of 2013 (in addition to

provincial rates).

• Thefollowingresearchprojectswillalso

be undertaken:

- areviewoftheVATtreatmentoffinancial

servicesandVATapportionmentwithinthe

financial sector

- re-evaluation of the application of the default

turnover based method of apportionment for

the non-financial sector.

Mining

•Anexemptionwillbeintroducedformining

de-watering associations which restore

water levels adversely impacted by mining

in a manner similar to a mining rehabilitation

fund. This is under consideration.

Excise duties on tobacco and alcohol

• Theexcisedutiesontobaccoproducts,wine,

clear beer and spirits are determined in

accordance with a targeted total tax burden

(excisedutiesplusVAT)of52,23,35,and

48% respectively.

• Theexcisedutiesontobaccoproductswill

increase by between 5.8 and 10%, and on

alcoholic beverages by between5.7 and 10%.

Excise duties of fruit fermented beverages

• Thestructureoftariffheading22.06has

been amended to align the excise duty

provisions for fruit fermented beverages with

the requirements of the Liquor Products

Act. As a result, only products that are

predominantly fruit fermented will be

distinctly classified in this beverage category.

• Fermentedproductsthatarenotmainly

derived from fruit will be included in the

band for beverages that uses the highest

excise rate that will be increased to the

highest spirits rate in Budget 2014 to allow

manufacturers time to comply.

Ad valorem excise duties

• Videorecorderswitheightormoreinput

channels and a value for duty purposes

exceeding R13 000, will be exempted from

ad valorem excise duties with effect from

1 April 2013.

Edward Nathan Sonnenbergs

For more information contact Tamsin Freemantle+27 11 520 7725 | www.jse.co.za/brics | [email protected]

The JSE is one of the top 20 exchanges in the world in terms of market capitalisation and a member of the World Federation of Exchanges.

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ver the last decade, the term BRICS has come to symbolise the

growing importance of the world’s largest emerging economies

and their potential impact on the global economic world order.

With a large share of the world’s population and huge potential

for growth, these economies are becoming increasingly attractive

for global investors. In 2013, according to the International Monetary Fund (IMF),

advanced economies will grow by 1,5% compared to the 5,6 % growth expected

of emerging market economies, of which the BRICS forms a large share.

In a move to further enhance investment in the BRICS nations, in October 2011

the various BRICS exchanges announced their intention to collaborate. This

milestone agreement formed the BRICS Alliance and brought together the

BM&FBOVESPA from Brazil, the Russian MICEX RTS Group, the BSE Ltd from

India, Hong Kong Exchanges and Clearing Limited (HKEx) – as the initial China

representative – and the JSE from South Africa. It is important to note that this

was not the creation of a platform for the sharing of ideas, but rather a working

group tasked with a series of goals to accomplish.

One of these goals is the launch of a single index giving investors exposure to

all five markets. To be launched in early 2013, this composite index will allow

for the creation of derivatives, exchange–traded products and other financial

products. To be called BRICSMART products, these would be listed on the

respective countries’ exchanges and be traded in the local currencies.

This development follows on from the first phase of the initiative, which saw the

exchanges cross-list their benchmark equity index derivatives on the various

exchanges this past March. This meant that for the first time, investors could

get exposure to other emerging markets in their local currency.

Apart from cross-listing products, the BRICS Alliance will be actively exploring

other opportunities to promote greater development and understanding

between the respective markets. Despite the increased investor appetite for

emerging market exposure, there is still less understanding of these regions

and the listed companies within these markets. Much of the work of the BRICS

Alliance will focus on creating a greater awareness of the investment potential

within each country.

OBY NICKY NEWTON-KING, CEO OF JSE LTD

BRICS: Promoting investment potential



he proposed BRICS Development Bank provides a platform

for the economic grouping to challenge the dominance of

the United States Dollar in global trade while asserting the

growing influence of its member countries in the global

economy, according to Chris Hart, the Chief Strategist at

Investment Solutions.

“The establishment of this bank could very well be the platform to

challenge the dominance of the Dollar in global trade,” says Hart. He

says although this might set a scene for potential conflict with the US,

a move of this nature would see BRICS having considerable influence

globally – which is what they should strive to achieve. The BRICS

member countries have proposed the establishment of a development

bank to mobilise funding for infrastructure and sustainable

development projects in the BRICS countries and other emerging

economies and developing countries.

They also want it to play a key role in promoting intra-BRICS investment,

economic growth and intra-BRICS trade, which currently exceeds

US$230 billion and is projected to exceed US$500 billion by 2015.

Hart says it goes without saying that the much-anticipated launch of the

Development Bank will be the main draw card at this year’s BRICS Summit.

The summit brings together Brazil, Russia, India, China and South

Africa to discuss the feasibility of establishing the bank and also the

possibility of having a common currency mainly for trade purposes.

The feasibility report has been jointly prepared by the five nations

after the idea was discussed at the last BRICS Summit, which was

held in New Delhi in March last year.

With Africa said to be suffering from infrastructure funding gaps of

up to $90billion a year, it’s easy to see the need for a bank of this

nature. Hart says he is, however, worried about the existing competing

interests between these nations.

However, the disparate interests don’t mean it won’t work out

particularly if you look at the likes of the European Union, because

they know their cause – economic growth and sustainability – they

look past their political indifferences, adds Hart.

BRICS is expected to still grow beyond these five nations, and the

sooner they find common interests and establish themselves the

better. Countries such as Nigeria, Mexico, Indonesia and Vietnam,

which are all economically dynamic and populous, are all working

hard to be part of BRICS.

The summit will also focus on funding for African infrastructure and

plans for a business council, which will serve as a think-tank. Hart says

he also expects some trade agreements which should see a removal

of trade barriers between these nations.

BRICS Development Bank

T

to be the centrepiece of the summit

“With Africa said to be suffering from infrastructure funding gaps of up to $90 billion a year, it’s easy to see the need for a

bank of this nature.”



Bank of China Johannesburg BranchYour Financial Partner of Choice in Sub-Saharan Africa

JohannesburgDurban

Mauritius

Cairo

Luanda

Nairobi

Kitwe

Kampala

Abuja

Yaoundé

Accra

Rabat

Based in South Africa with business expansion to other African countries, Bank of China Johannesburg Branch has witnessed and participated into the rapid development of economic and trade exchanges between China and Africa. With advantages of BOC Group’s leading position in RMB business, global service network and experienced professional teams, Bank of China Johannesburg Branch, as leading bank of RMB business in Africa and prioritised Bank in regard to China-related business, is providing clients with comprehensive tailor-made RMB service solutions to support your economic and trade activities.

Bank of China Johannesburg Branch is serving Sub-Saharan Africa from South Africa by consistently offering financial services of high quality and efficiency. The Branch will carry forward Bank of China’s outstanding century-long heritage to make renewed and larger contributions in enhancing Sino-Africa cooperation and mutual benefit.

www.boc.co.za

Lusaka

[email protected] [email protected] [email protected] Tel: + 27 11 520 9600


New choice for global trade and investment

hina is the second-largest economy,

and the world’s largest exporter

and second-largest importer. Due

to the continuous economic growth

of china, and the huge scale of

international trade and the relative stability of

Renminbi (RMB: official currency of People’s

republic of china, and the primary unit of the

rmB is the Yuan) value, rmB is increasingly

accepted across the world, offering a new

choice for national governments and enterprises

in risk mitigation.

till the end of 2012, the Bank of china had

established 613 overseas institutions in 35

countries and in regions of Hong Kong, macau

and taiwan. Within a complete system of

cross-border and overseas renminbi products,

BOC affiliates can provide central banks and

financial institutions a wide array of Renminbi

products and auxiliary services, including

account opening, rmB clearing and settlement,

funds allocation, onshore interbank bond market

investment and settlement, offshore rmB bond

investment and issuing, account financing,

banknote wholesale and distribution, etc. the

Bank of china subsidiary in russia has become

the major rouble-renminbi market-maker in the

local interbank foreign exchange market. Boc

Hong Kong limited, Boc macau branch, Boc

taiwan branch and Boc (malaysia) Berhad have

obtained authorisation from local authorities to

act as the rmB clearing bank in the region.

on the business side, Boc provides integrated

rmB solutions for cross-border settlement,

financing, conversion, treasury operations,

investment and bonds, which helps:

• effectively mitigate exchange risk and reduce

exchange losses

• enhance the functions of the overseas

procurement platform, settlement platform as

well as trade and investment platform to optimise

funds portfolio and reduce mismatch risk

• cut financial costs using differences in interest

rates and exchange rates across the border

• seize market opportunities early, increase

profitability, enhance operational capacity and

improve the ability to operate globally.

Boc kept its global growth plan on course

and improved its worldwide customer services

platform and capabilities. in 1993, the Boc

became the first Chinese bank to open a

subsidiary institution in russia. its Johannesburg

branch started operation in 2000, and BOC Brazil

was established in 2009. Boc extension in india

will also come into existence in the near future.

As the first bank from mainland china in

south Africa, Boc Johannesburg branch has

consistently dedicated itself to enhancing the

influence of Boc in Africa during the past

12 years. Based in south Africa with business

expansion to more than 20 African countries,

the branch has witnessed and participated

into the rapid development of economic and

trade exchanges between china and African

countries.


CBank of China, Your Premier Bank of renminBi ServiCeS

ReNmiNbi:

The client base of the Johannesburg the

branch consists of customers from industries

such as mining, financial institutions, importing

and exporting, media, manufacturing, property

development, as well as infrastructure, energy and

power generation. Through providing financial

and credit services with good competitiveness,

Johannesburg branch has been playing an

vigorous and proactive role in the economic

and trade development and financial exchanges

between China and African countries.

BOC Johannesburg branch can provide business

services in all the categories that commercial

banks offer, including corporate banking, personal

banking and financial market services. Our major

services are deposit, loan, trade finance, international

trade settlement, RMB business, foreign exchange,

treasury business, etc.

BOC Johannesburg branch is the leader in providing

RMB services in Africa. RMB services consist of

deposit, loan, trade finance, international trade

settlement, financial planning, foreign exchange, bulk

salary remittance, Internet banking, global credit line,

RMB syndicated loan, cross-border RMB FDI & ODI,

overseas RMB bonds issuance, etc. With BOCJHB, all

products and services available to other currencies

also became applicable to RMB.

Based in South Africa, the Johannesburg branch

has expanded its RMB services to more than 10

African countries, with the client base consisting

of customers from local enterprises, Chinese

“going global” enterprises, financial institutions

and overseas Chinese people. The branch

achieved rapid development in RMB business

volume increment, which is testimony to the fact

that there are vast opportunities for China and

Africa’s economic trade cooperation and demand

for RMB business. BOC Johannesburg branch has

yielded remarkable achievements in the aspect of

RMB business as:

• the first bank that offers RMB clearing in Africa

• performing the first US Dollar/Rand to RMB

foreign exchange spot transaction/forward

exchange contract in South Africa

• transacting the first RMB Bulk Salary

Remittance in Africa

• performing the first RMB investment

transaction from South Africa on Mainland

China’s Interbank Bond Market

• the first bank granted approval from South

African authorities for cross-border RMB

finance business under trade finance services in

local market

• the First Bank that launched and provided

a RMB bilateral loan as a product in

South Africa

Acting as BOC headquarters in Sub-Saharan Africa,

the Johannesburg branch, together with BOC

Zambia Ltd., BOC representative offices in Kenya,

Angola, and “China desks” in Ghana and Uganda,

are proactively supporting and enhancing the

development of trading partnerships between China

and Africa.

After many years of stable development, the Bank

of China Johannesburg branch has gained good

reputation and special influence among Chinese

“going global” enterprises and South African local

enterprises. It is continuously providing financial

services of high quality and efficiency to clients,

and also making a significant contribution to South

African local social and economic development.

In the future, the Bank of China Johannesburg

branch will serve Africa from South Africa through

the BOC network of existing and upcoming

affiliated institutions. The branch will carry forward

the BOC’s outstanding heritage to make renewed

and larger contributions in enhancing Sino-Africa

cooperation and mutual benefit.

Building on the century-long international experience, Bank of China’s cross-border Renminbi business reflects the world’s economic and financial needs. With its leading position at home and abroad, global clearing network, broad base of financial products and high level of professionalism, Bank of China can provide a comprehensive tailor-made cross-border and offshore Renminbi service solution to support your economic and trade activities around the world.

RMB Services with Bank of Chinawww.boc.co.za

Bank of China, Your Premier Bank of RMB Services.RMB: New Choice


hile the Sino-Africa relationship

is not a new agenda, modeling

current business trends in Africa

on Chinese standards can serve

to boost economic development

in Africa and strengthen financial links with the

global economy.

Dating back as far as the fifth century, when Zheng

He, a Chinese explorer and diplomat made voyage

to Africa, exchanging gifts from the Chinese

emperor, including silk, pearl and porcelain in return

for ivory, zebras and giraffe, a mutually beneficial

relationship between China and Africa has existed.

It was not until the mid-1970s that China made a

firm reconnection with Africa in the building of a

1 860-km railway that lead to China becoming one

of the main donors to Africa, where impressively,

during the last decade, two-way trade between

China and Africa has reached US$ 166 billion. This

proves that the Sino-Africa relationship is no longer

just an aspiration but concrete evidence of their

cooperation in achieving economic advancement.

Although China and Africa differ geographically,

historically and culturally, over the years they

have shared similar economic challenges, from

imperialism, colonialism, liberation to radical social

and economic transformation.

Some argue that the foreign policy of China

towards Africa is a form of neo-colonialism

deviating from the Washington Consensus and of

exploiting Africa’s natural resources. On the other

hand, China’s non-interventionist approach has

shown that a developing country, with the correct

assistance, can formulate its own solutions to

resolve economic and social challenges.

As stated by American economist Jeffrey

Sachs, “China gives fewer lectures and more

practical help”.

Besides, Chinese government relations with Africa

are distinct and very different from those of the

West, their foreign policies being based on five

principles, namely:

1. mutual respect for each other’s territorial

integrity and sovereignty

2. mutual non-aggression

3. mutual non-interference in each other’s

internal affairs

4. equality and mutual benefit

5. peaceful co-existence.

China’s “Go Out and Economic Reform” policy

encouraged and supported successful Chinese

enterprises to expand their investments in Africa.

The Chinese government also actively stimulated

Chinese private entrepreneurs to start up

businesses in Africa and introduced measures and

mechanisms to assist their companies in engaging

with African business leaders.

Did you know? In the last 30 years, having

implemented a highly successful reform and growth

experience, the chinese gross domestic product

maintains an average 10% increase per annum.

Lending its support at the highest political level,

China signed the Bilateral Investment Promotion

and Protection agreements with over 30 African

nations. In addition, China also signed the

Avoidance of Double Tax Agreement with over 11

African nations, promoting effective bilateral trade

between Africa and China.

Furthermore, the Chinese Government aids

investors by means of the Forum on China-Africa

Cooperation (FOCAC), as well as by paying

state visits to foreign African countries whereby

negotiations concerning Chinese development

assistance and investments can take place.

The FOCAC thereby serves as a pragmatic platform,

providing a framework to improve relations with

Africa by facilitating multilateral dialogues between

China’s and Africa’s heads of states, ministers,

government officials and entrepreneurs.

Since the establishment of FOCAC in 2000,

significant achievements include:

- The establishment of trade and economic

cooperation zones in Africa in Mauritius, Nigeria,

Egypt, Ethiopia, Zambia and Tanzania.

- The formation of the US$ 5 billion China-Africa

Development Fund in 2006, which encourages

bilateral Africa-Sino development projects and

investments. Since the inception of the fund,

more than 30 projects have been established

in Africa in the agricultural, power and energy,

construction material procurement, mining,

manufacturing and logistics sectors.

- The cancellation of all interest-free government

loans due at the end of 2005 by the poorest and

least developed countries in Africa.

- A recent decision at the 2012 fifth FOCAC

Summit in Beijing, where China pledged

US$ 20 billion in credit over the next three

years to African governments to support

infrastructure, agriculture, manufacturing and

the growth of small businesses.

The Sino-Africa Partnership will speed up both

economic and social development in Africa.

However, Africa will need to improve and increase

its capacity by addressing bottlenecks in service,

improving infrastructure, training of skilled laborers,

and providing access to finance. The lack of skilled

workers will remain a critical factor in ensuring that

Africa can operate and maintain the infrastructure

that has been built by their development partners.

While the demand for raw material and commodities

continues to push up prices, Africa is in a strong

position to negotiate with its trading partners to

improve sustainable development and growth.

Ultimately, it is incumbent upon African leaders to

take ownership of the long-term development for

their own countries,using their raw material resources

wisely to improve the lives of their citizens.

Without fundamental structural changes, growth

and developmental goals will not be reached in

keeping up with the United Nations millennium

development goals for 2015.

As pointed out by Duncan Green, head of research

at the British aid organisation Oxfam, “Whatever

role China ultimately plays, perhaps the most

important element it introduces is competition. The

West has for too long relied on one set of ideas

aimed at fixing Africa’s problems.”

KENNY CHIUGENEral MaNaGEr: BUsINEss DEvElopMENt EDwarD NatHaN soNNENBErGs CHINa

economic growth and diversity in Africa

Looking to the East to accelerate

W



WNS acquires Fusion Outsourcing in a major new agreement

NS, a globally leading high-end business process solutions

provider listed on the New York Stock Exchange, acquires

Fusion in an effort to expand its delivery footprint. WNS

has 25 delivery centres across seven international locations.

Fusion’s rich talent and strong cultural work ethic will be

key to WNS’s growth strategy

Fusion Outsourcing announced its acquisition by leading global Business

Process Outsourcing (BPO) company, WNS, on 21 June 2012. As part of the

agreement, Fusion Outsourcing will operate as one of WNS’s international

delivery centres. It will benefit from expanded service offerings; access to

international best practices and expertise; new best-of-breed systems and

processes; as well as support from other global teams.

Following its launch in 2004, Fusion Outsourcing has experienced rapid

growth and is now one of South Africa’s leading BPO-providers, offering

the complete suite of contact centres services to more than 16 customers.

Listed on the New York Stock Exchange, with over 24 000 employees and

200 global clients (many on the Fortune 500), WNS will help drive the next

phase of Fusion’s growth.

Johann Kunz, Managing Director, Fusion Outsourcing commented:

“Fusion Outsourcing has established itself as a leading customer service

specialist – both locally and globally. We are all excited to see the

positive impact that WNS will have on our business; implementing its

worldwide expertise and best practices to support Fusion’s ongoing

expansion.”

Keshav R Murugesh, Group CEO, WNS Global Services, added: “Expanding

our global delivery footprint and entering emerging growth markets are key

pillars of our investment strategy. We believe that establishing operations in

South Africa addresses both these objectives.

WNS currently has several existing clients interested in services being

delivered from South Africa to take advantage of the English-language

capabilities, rich talent and strong cultural work ethic. In the long term,

we view this growing economy as an exciting end-market of global BPO

services, especially in the areas of finance and accounting and insurance-

specific services. We are pleased to welcome the Fusion team into the

WNS family, and look forward to working together to take the company to

greater heights.”

W




South Africa’s Department of Agriculture, Forestry and Fisheries (DAFF) offers

he DAFF has made massive inroads

in Brazil, Russia, India and China.

The South African Minister of

Agriculture, Forestry and Fisheries,

Tina Joemat-Pettersson, has dedicated

her term to the uplitment and support of

smallholder sectors and the development

of women and youth in agriculture, forestry

and fisheries. To date, farmers have received

assistance through being beneficiaries of

tractors, implements, seeds and fertilizer.

The Minister was named the 2011 Africa

Minister of Agriculture, beating countless

other ministers from the continent. In 2012,

Minister Joemat-Pettersson was knighted by

the French for her contribution to agriculture.

The year 2013 marks the celebration of 15

years of diplomatic relations between South

Africa and China and it is envisaged that a

number of events will be undertaken to mark

this relationship. South African agriculture,

through the Ministry of Agriculture, Forestry

and Fisheries, enjoys bilateral relations with

the Chinese Ministry of Agriculture in two

areas, namely agriculture cooperation and

market access.

Taking a historical glance at the two country’s

relationship gives us an impression of how

the relationship reached this epoch. In July

2012, China hosted the Forum on China-

Africa Cooperation (FOCAC) and as part

of its activities undertaken by the Chinese

Government to promote value-added

products from Africa. A number of Chinese

importers of South African agricultural

products were afforded an opportunity to

display their products and seek market share

and buyers.

In 2011, South Africa was invited to join the

BRIC(S) countries. One of the outcomes of

the BRICS Cooperatives Leadership Forum

was the signing of an Exclusive Agency

Agreement between Chongqing Agriculture

Products Group and the South African wine

cooperatives for the supply of wine as well as

in the area of aquaculture products.

In terms of agriculture cooperation, a Joint

Working Group (JWG) has been established

between the Ministry of Agriculture, Forestry

and Fisheries and the Ministry of Agriculture

(MoA) at Director-General level. During the

JWG meeting, progress is discussed, new

areas of cooperation are agreed upon and

relations are further strengthened.

HUMAN RESOURCE DEVELOPMENT

(CAPACITY-BUILDING) PROGRAMME

Since the establishment of the JWG, a

Memorandum of Understanding (MoU)

between the DAFF and China Agriculture

University, Jilin University and Nanjing

University was signed.

South Africa has a total of 22 students

studying full time in China for postgraduate

degrees (Masters and PhD) in various

disciplines of agriculture and related fields.

Upon finalisation of their studies, the acquired

knowledge and skills will be applied and

contribute to the issues of food security,

poverty alleviation, job creation, research and

development in South Africa.

The first group of students will be awarded

their degrees during the second half

of 2013.

SHORT-TERM COURSES

The National Aquaculture Strategic

Framework (NASF) and part of the

implementation of the South Africa China

JWG Action Plan, the Aquaculture Human

Resource Development Plan, have been

successfully implemented since 2006.

South Africa has sent a number of students

to the Fresh Water Fisheries Research

Centre in Wuxi, for various short courses of

which Integrated fish farming dominates.

Participants included farmers, technicians,

aquaculture managers and officials.

During 2012, South Africa participated

in the Aquaculture Extension System

Development and Management, short courses

on aquaculture for developing countries,

courses on mariculture culture technology

for developing countries, seminars on

management of China-aided agriculture

technology demonstration centres and

seminars on aquaculture and technical

extension for developing countries.

TECHNICAL COOPERATION

South African provinces have also taken full

advantage of the programmes offered by

China and the opportunities that exist therein.

The province of KwaZulu-Natal (KZN) in

South Africa signed a twinning agreement

with Fujian Province in May 2004, wherein

agriculture was identified as an area for

cooperation. The mushroom project was

initiated in January 2005 between the


opportunities for investmentT


KZN and Fujian Agriculture and Forestry

University. This initiative is based on

technical exchanges (training) as well as

technology transfer (Juncao Technology),

which has been adapted to the South

African environment. This technology and its

methodology to produce mushrooms are also

applied in China, Papua New Guinea, Japan,

Brazil, Fiji, Iraq and Australia.

INVESTMENT IN AGROPROCESSING

The Comprehensive Strategic Partnership

Agreement (CSPA), signed between South

Africa and China in 2010, created a platform

for South Africa, through the Department

of Trade and Industry (dti), to organise and

host expos in China. The dti expos are of

multisectoral nature, but draw a sizeable

number of agricultural exhibitors, with

the wine sector having a strong presence.

The CSPA is seen as a means of further

strengthening the political, economic and

technical exchanges between the two

countries.

In addition to the above, the dti has

participated in the following exhibitions: SIAL

and Food Hotel China (FHC) for a number

of years, thus creating a platform for South

African agriculture producers seeking new

markets for their products. What is evident

is that South African wines are available in

some of the major cities in China, for example

Shanghai (which is considered the economic

hub of China), Beijing and other second-tier

cities. In addition to the wines, dry fruits

(raisins), Bokomo cereals, Ceres fruit juices,

rooibos tea, seafoods, protea flowers, citrus

and tablegrapes (through protocols) are also

available in China.

RUSSIA

As one of the BRICS countries, Russia, with

a population of 143 million people, is one of

the fastest-growing economies in the world

and offers opportunities for South Africa and

its companies. One thing is certain: a major

competitive and massive agricultural power

is emerging and the target set by the Russian

Federation could not be clearer: 20% of the

world market in the next 10 to 15 years.

The mandate and core business of the

Sub-Programme: International Relations

and Trade is to “Coordinate and facilitate

the strengthening of international relations

and trade through bilateral engagements,

negotiations, development and

implementation of appropriate policies

and programmes”.

Trade and Investment South Africa (TISA)

hosted the fourth Investment and Trade Initiative

(ITI) Seminar in Moscow from 26 to 29 March 2012.

The seminar afforded emerging exporters

an opportunity to learn about exporting

processes as well as insight into the Russian

market. Thirty-seven South African companies

across the spectrum, including agriculture,

participated.

The fifth ITI and World Cup Legacy Exhibition

was held in Moscow from 2 to 7 December 2012

and, among others, 10 companies mainly from

the Western Cape and Mpumalanga promoted

their agricultural products, ranging from

wines, exotic teas, macadamia nuts and luxury

leather works.

A World Food Expo was held in Moscow

from 17 to 19 September 2012, attracting

participants from Europe, South America

and North Africa. Five South African

companies, all from the citrus industry,

participated in the programme.

At the ITAC 11 Session, South Africa and

Russia agreed to consider opportunities in

the development of table-grape farming

and wine-making in the Russian Federation

based on South African experience. Pursuant

to this agreed cooperation, a South African

delegation comprising the Minister-

Counsellor: Agricultural Affairs and the

Russian-based representative of the South

African Table-Grapes industry (SATGI) visited



the Krasnodar region from 29 to 31 January 2013

to explore possibilities of technical collaboration

in increasing the production of table-grapes in the

region. Krasnodar is the main table grape-growing

region in Russia, producing 50% of the 30 000

tons harvested locally. The annual consumption

of table-grapes in Russia is estimated at 300 000

tons and there is great potential to produce

150 000 tons domestically.

The Russian delegation pointed out that a

major constraint in increasing the production

level was the lack of modern packing and

storage facilities. It was their view that, given

their experience, South African companies

are well positioned to participate in the pilot

project to build the first three modern cold

storages at the production sites. The project

will be funded by the Krasnodar Regional

Government. However, further construction

of cold storages will be undertaken by the

farmers themselves. A proposal in this regard

has been sent to the Ambassador, DAFF and

SATGI for their consideration.

Bilateral discussions are nearing conclusion

on the harmonisation of veterinary and

phytosanitary certificates for the export of

specific types of products between South

Africa and the member states of the Customs

Union, namely Russia, Kazakhstan and

Belarus.

The World Food Expo 2013 will be held in

Moscow from 16 to 19 September 2013. For

the first time, South Africa will have a national

pavilion. In conjunction with the dti, invites

have been sent to South African companies to

participate. The Citrus Growers’ Association

of South Africa has already confirmed their

attendance.

FORESTRY

South Africa, together with 34 other

countries, participated in the 9th Junior

Forestry Competition, which was held

in Moscow on from 12 to 14 September

2012. Additionally, South Africa will send a

technical team during the first semester of

2013 with the aim of receiving the Forestry

Action Plan that was developed at ITAC 10.

The plan entails fire management, forest

protection (pest and diseases) and exchange

research programmes.

FISHERIES

With the conclusion of ITAC 11, both parties

agreed to consider the text of the MoU on

cooperation in the field of fisheries, which

sought to set up a framework for cooperation

in the various aspects of the fisheries sub-

sector. The proposal is in its final stages.

INDIA

The Ministry of Agriculture, Forestry and

Fisheries of South Africa signed an MOU with

the Indian Ministry of Agriculture on 4 June

2010. The signing of the MoU was followed by

the development of a Joint Action Plan: June

2011 – May 2013.

TRADE AND INVESTMENTS

Work has begun in earnest to organise animal

and plant health certificates (sanitary and

phytosanitary) for a number of South African

products to access the Indian market.

India is currently processing an animal health

certificate, which will allow South African

business people to export to India processed

hides and skins. The target market is TATA

car manufacturing company. In return, India

is making a request for an animal health



certificate for the export of their water

buffalos to South Africa. According to the

Department of Animal Husbandry, Dairying

and Fisheries, their documentation is on its

way to South Africa.

In addition to animal health certificates, South

Africa has already submitted requests for plant

health certificates for mango fruit, persimmons,

organic rooibos and oak liquid tannin.

Once South Africa secures the plant health

certificate, it will be easy to export the

above-listed products to India. In return,

India has also submitted a request for a

plant health certificate for the export of

mangoes to South Africa.

The Forum of Indian Food Importers has

expressed an interest to import hake and

rock lobster from South Africa. We are

currently engaging the Department of

Animal Husbandry, Dairying and Fisheries to

negotiate a Trade Protocol on Fisheries.

INVESTMENTS

A tractor and farm machinery company known

as Salonika, which is in partnership with

Landini in South Africa, has expressed a desire

to set up training centres in South Africa.

Discussions have begun in earnest and

AgriSETA will be brought on board in

facilitating the registration of the training

programmes and identification of existing

centres in South Africa.

Another tractor and machinery company,

Standard Cooperation, is looking for a distributor

in South Africa. Visits to their plant have

been scheduled. The company has also been

encouraged to display its products during the

upcoming NAMPO show in May 2013.

TRAINING AND TECHNICAL COOPERATION

The Agricultural Research Council (ARC) and

Indian Council of Agricultural Research (ICAR)

are working towards signing an agreement

before the end of 2013. The areas of focus

proposed by the ARC are:

• training of scientists at MSc and PhD level

• post-doctoral Research Appointments

• research collaboration on disease

management

• vaccine development

• eco-technologies for smallholder farmers.

In addition, the Chief Directorate responsible

for Fisheries Development in South Africa had

proposed under the 2011 to 2013 Action Plan,

thetrainingofsixto10fisheriesscientistsinfish

healthmanagement.TheofficeinNewDelhiis

working with the Department of Agricultural

Research and Agricultural Education in developing

aschedulefortraininginfishhealthManagement.

The training will start in India before the end of

2013.

The DAFF is well poised to curb one of

the most urgent issues facing South Africa

– household food insecurity. The Minister

of Agriculture, Forestry and Fisheries has

committed herself to working with commercial

and smallholder farmers and youth to find

diversity food production while providing

opportunities to these groups.

For more information on the work of the

department, please visit www.daff.gov.za.



e often hear about the

job-building benefits of

renewable energy when

it draws manufacturers

and developers to local

communities. Less talked about are those

who arrive well before the shovels, factories

and jobs. These are the green energy

entrepreneurs; the creative thinkers and risk

takers involved in the rise of clean energy

ventures in South Africa. We are talking about

the individuals behind Sizagraph (Pty) Ltd.

Headquartered in Johannesburg, South Africa,

Sizagraph is on its way to becoming a leading

BBBEE participant in the South African

renewable energy sector. Sizagraph realises

that for South Africa to win the confidence of

foreign investors as a viable market to invest

in, domestic companies need to lead the way

and show trust in the economy.

Sizagraph and ZNShine PV-Tech Co. Ltd

(“ZNShine”, headquartered in China), have

formed an incorporated joint venture, namely

ZNShine Solar SA (Pty) Ltd (“ZNShine

Solar SA”). ZNShine Solar SA intends to

become one of the first relevant players in

South Africa in terms of the assembly of

photovoltaic panels to serve the newborn

solar photovoltaic industry. The joint venture

is structured with ZNShine PV-Tech Co. Ltd

(China) holding 51% equity and Sizagraph

holding 49% equity in the 100MW solar

photo-voltaic panel assembly plant being

established in Cape Town, South Africa.

Production is expected to start by the third

quarter of 2013. The solar photovoltaic panel

assembly plant is being established in line

with the growing need for conformance with

socio-economic development criteria and

local content as required in terms of South

African legislation, which is set to rise to

60% by Bid Submission 4 of the Renewable

Energy Independent Power Producer

Programme (REIPPP) in 2014 (calculated

in accordance with the criteria as set out

by South Africa’s Department of Trade and

Industry). Compliance with local content

requirements will ensure that local industry

obtains a substantial share of the investment

coupled with creation of meaningful jobs and

skill transfer. The solar photovoltaic assembly

plant will create a minimum of 50 full-time

South African employment opportunities

and a skills development programme is to be

instituted to ensure the transfer of skills to

South Africans in relation to the technology

being utilised. The local content specifications

stipulated in terms of the REIPPP will be

adhered to (which forms an integral part

of the 2011 IRP) and Sizagraph is currently

working with local consultants to achieve

maximum results (in terms of the Department

of Energy [DoE] requirements for both

material local content and socio-economic

development in terms of BEE legislation).

Solar photovoltaic developers and investors

will take a keen interest in ZNShine Solar

SA’s solar photovoltaic panels due to its

compliance with the above-mentioned criteria

as well its very competitive value proposition.

As Dr Sebiletso Mokone-Matabane

(chairperson of Sizagraph) so clearly states,

“Sizagraph not only wants to comply with

DoE local content and socio-economic

development criteria, it wants to exceed it!”

Sizagraph comprises five women and two

men who are the shareholders and directors

of the company, namely: Dr Sebiletso

Mokone-Matabane (Chairperson), Adv Karen

Foulkes-Jones SC (vice-Chairperson),

Dr Namane Magau, Mrs Nomusa Mufamadi,

Mrs Elizabeth Busiswe Thage, Mr Richard

Johannisen and Mr Muneeb Gambeno. With

six of the seven directors and shareholders

previously disadvantaged South Africans,

and five of the seven directors and

shareholders being South African women;

Sizagraph exceeds the guidelines set by

South Africa’s BBBEE legislation. Sizagraph’s

directors have proven track records in

the international business community, an

attribute which will ensure the company’s

success in this highly competitive sector.

W


A leader in South Africa’s drive for localisation in the renewable energy sector

SIZAGRAPH:

Dr Sebiletso Mokone-MatabaneChairperson of Sizagraph

ZNShine (based in Jintan, Jiangsu Province,

China), a fully vertically integrated

manufacturer, is one of the world’s leading

manufacturers of ingots, wafers, solar panels,

solar lights and solar systems. With annual

turnovers in excess of US$ 200 million, 100 000

square meters of production area in China

and almost 1 000 staff members, it is an

established player in the international solar

photovoltaic community. To date, ZNShine’s

main markets have been Europe and the

United States, with offices in the USA, UK,

Australia, Canada, Germany, Italy, and now

South Africa. Boasting an international

research and development team, ZNShine

strives for innovation, state-of-the-art

products and continuous improvement.

example being its Photovoltaic Thermal (PVT)

System – a combination of a photovoltaic

and a thermal system to achieve higher

efficiencies and provide heating, resulting

in a significant increase of electricity yield,

longer panel lifetime, cost savings and

stable performance under high temperature

climates. With its continuous quality

control of all production processes, it is

no surprise that ZNShine is one of the first

solar photovoltaic panel manufacturers to

be insured by PowerGuard (also insured by

Zurich, BABT, 3E, to name a few).

Dr Mokone-Matabane adds: “China has

always had an excellent relationship with

South Africa, thus it is no surprise that

it is a Chinese company (ZNShine) that

is providing a catalytic element towards

the achievement of South Africa’s socio-

economic objectives”.

Sizagraph wishes to extend its continued

gratitude to Imperial Cygnus Investments

(Pty) Ltd (“ICI”), a Johannesburg-based

renewable energy consultancy, which has

been active in the South African renewable

energy sector since 2010. ICI consults to

several multinationals wishing to enter the

South African REIPPP and as a result, has

built a strong platform of competence within

this particular field. ICI has played a pivotal

role in positioning Sizagraph as a leading

BBBEE participant in the renewable energy

sector by always providing Sizagraph with

well-researched, practical advice. ICI’s success

in establishing a high-quality assembly plant

in Cape Town for an international inverter

manufacturer is indicative of the depth of

knowledge and commercial acumen possessed

by the ICI team.

Optimists look to all the excitement.

Pessimists look to all that gets lost. They’re

both right. How you react depends on what

you have to gain versus what you have to

lose. Yet, while pessimists may be emotionally

calmed by their concerns, it will not aid them

practically. The pragmatic course is not to

hide from the change, but to approach it

head-on. This is echoed by the Sizagraph

vice-chairperson, Adv. Karen Foulkes-Jones

SC, who adds: “We have positioned ZNShine

Solar SA for long-term success. Always keep

in the back of your mind that you are going to

have to explain to somebody, someday, what

your career was about. Everything I’ve ever

done is tied to sustainability. It is great to build a

company because you want to profit. That is fine

on its own level. But it is so much more powerful

when you want to accomplish something

compelling”.

PLEASE DIRECT ALL ENQUIRIES AS FOLLOWS:

Adv. Karen Foulkes-Jones SC,Sizagraph vice-chairperson

WEBSITE: www.sizagraph.co.za

E-MAIL: [email protected]

LANDLINE: +27 (0) 11 722 9042

Advocate Karin Foulkes-Jones SC

MOBILE:

Mr Richard Johannisen +27 (0) 82 999 0888

Mr Muneeb Gambeno +27 (0) 84 587 6420



WASHINGTON DCNEW YORK

SÃO PAULO

BUENOS AIRES PORT ELIZABETHCAPE TOWN EAST LONDON

DURBAN

WINDHOEKVICTORIA FALLSLIVINGSTONE

JOHANNESBURG MAPUTOHARARE

LILONGWE

DAR ES SALAAM

BLANTYRELUSAKANDOLA

MAURITIUS

MUMBAI

POINTE-NOIRENAIROBI

DAKAR

LAGOS

KINSHASA

DOUALA

ENTEBBE

ABIDJAN

BRAZZAVILLE

LIBREVILLE

LUANDA

BUJUMBURAKIGALI

COTONOU

ACCRA

LONDON

MUNICHFRANKFURT

HONG KONG

BEIJING

PERTH

WASHINGTON DCNEW YORK

SÃO PAULO

BUENOS AIRES PORT ELIZABETHCAPE TOWN EAST LONDON

DURBAN

WINDHOEKVICTORIA FALLSLIVINGSTONE

JOHANNESBURG MAPUTOHARARE

LILONGWE

DAR ES SALAAM

BLANTYRELUSAKANDOLA

MAURITIUS

MUMBAI

POINTE-NOIRENAIROBI

DAKAR

LAGOS

KINSHASA

DOUALA

ENTEBBE

ABIDJAN

BRAZZAVILLE

LIBREVILLE

LUANDA

BUJUMBURAKIGALI

COTONOU

ACCRA

LONDON

MUNICHFRANKFURT

HONG KONG

BEIJING

PERTH

Reg

No.

199

3/00

4149

/30. Experience gained through managing airports of different capacities has

resulted in the development of a broad pool of skills, prompting Airports Company South Africa to seek business opportunities outside South Africa. This has led to the successful partnerships in two consortiums to invest and manage Chhatrapati Shivaji International Airport in Mumbai, India (from 2006) and Guarulhos International in São Paulo, Brazil, the largest international airport in Latin America (from 2012). Each of these airports processes approximately 30 million passengers per annum.

IndiaAirports Company South Africa’s involvement at Chhatrapati Shivaji International Airport in Mumbai is a flagship demonstration of the growing economic ties between India and South Africa. It is a shining example of co-ordinating experience and skills for the benefit of two nations.

The 30-year concession started in 2006 and is in conjunction with the Airports Authority of India, a 26 percent shareholder. The first six years of the concession have already seen a positive transformation of the airport. To date, a new domestic passenger terminal was completed and inaugurated on 17 April 2010. The Southwest Pier and the overlaying of the runway intersection were also completed, as was the realignment of taxiway B1 to meet code F standards to accommodate large aircraft such as the A380.

The construction of a 24-metre wide channel for widening the Mithi river is nearing completion, while the construction of the Sahar Access Road and the new airport security force building and police station are also well underway.As a result of this successful partnership, the following accolades have been received by Chhatrapati Shivaji International Airport since 2006:

• Rated the third best airport globally and second best airport in India in the 25-40 million passengers per annum category, by ACI for 2011

• Rated the best airport in India for airports above 15 million passengers per annum in the Airport Service Quality (ASQ) survey carried out by Airport Council International (ACI) and ranked fourth amongst all airports globally in the 15-25 million passengers per annum category for the second quarter of 2010

• Best Managed Airport from CNBC AWAAZ Travel Awards for 2009• The airport’s proposed Air Traffic Control Tower won the ‘Autodesk

Hong Kong Building Information Modeling’ Award in 2009• Frost and Sullivan Asia Pacific Aerospace and Defense Awards –

‘Aeronautical Excellence Airport of the Year’ in 2008• Voted ‘Best Airport in Public-Private Partnership’ for two

consecutive years (2006 and 2007) by the Air Passengers Association of India (APAI).

AIRPORT SOLUTIONS - WORLD-CLASS RESULTS

Chhatrapati Shivaji International Airport, Mumbai – India

BrazilAirports Company South Africa and Invepar formed a consortium that was awarded a 20-year concession in 2012 to develop, finance, operate and manage Guarulhos International Airport in São Paulo, Brazil. Airports Company South Africa is primarily responsible for airport operation and management within the concessionaire. The consortium with Invepar (of which Airports Company South Africa holds 10 percent) owns 51 percent of the airport concession.

A number of milestones have already been achieved since the announcement of the successful bid winners in Brazil in April 2012. In May 2012, the concessionaire (which includes Airports Company South Africa, Invepar and Infraero) signed a contract with ANAC, the Brazilian Civil Aviation Authority. This was followed by the approval of the Operational Transition Plan (OTP) to ensure a successful transition from Infraero as the current airport operator to becoming part of the concessionaire.

Key deliverables during the transition include the uninterrupted transfer of the airport operations from Infraero to Airports Company South Africa as per the implementation timetable, as well as the assessment and improvement of the operational safety, security and environment, in line with the relevant legislation in Brazil.

Fundamental infrastructure projects are also planned for completion in March 2014, ahead of the FIFA World Cup in June 2014. One of the priorities for the next two to three years for Airports Company South Africa is to transfer skills and share experience with the Brazilians, especially from an operations perspective.

Airports Company South Africa is ideally positioned to provide the necessary expertise to assist in the transformation of existing airport infrastructure, management and service provision to world-class standards. Whether as stand-alone projects or long-term partnerships, Airports Company South Africa can make the difference.

www.airports.co.za

Guarulhos International Airport, São Paulo – Brazil


irports Company South Africa’s

(ACSA) OR Tambo International

Airport was presented with the 2013

African Airport of the Year Award for

Airport Cargo Excellence. The award

was attained following a STAT TIMES

online survey conducted globally, over a month-

long process, among varied air cargo industry

players totalling 42 000 voting readers.

“On behalf of staff, partners and all role

players who contribute daily to our operational

efficiency at cargo division, OR Tambo

International Airport wishes to express gratitude

to all who voted for us in the STAT TIMES

survey, leading to us receiving this distinguished

accolade,” said Tebogo Mekgoe, General

Manager of OR Tambo International Airport.

STAT TIMES, an Integrated International

Transport Media entity specialising in the air

cargo industry has been organising Air Cargo

Africa exhibitions and conferences around

the world since 1986. This 2013 African

instalment of the air cargo event was held at

Ekurhuleni’s Emperors Palace from 20 to 22

February 2013.

Mekgoe concluded, “With a logistics platform

that moves more than 317 000 metric tons of

cargo in and out of all our airports, OR Tambo

International Airport wishes to acknowledge

the collaborative team effort by all ACSA

airports in South Africa, that has contributed

to this proud achievement. Though we also

emphasise that we have not even yet begun

to scratch the surface in moving bulk air cargo

across African regions, we appreciate that

what distinguishes our productivity, making our

performance special, are our superb levels of

connectivity, accessibility, and good location,

coupled with excellent air linkages supported

by a world-class port network infrastructure in

South Africa.”

ACSA – 2013 African airport of the year


A

BRICS countries occupy 30% of global territory and are home to 45% of the world’s population

THE FIFTH BRICS SUMMIT. 26 – 27 MARCH 2013. DURBAN, SOUTH AFRICA.

“BRICS and Africa: Partnership for development, integration and industrialisation”


THE FIFTH BRICS SUMMIT. 26 – 27 MARCH 2013. DURBAN, SOUTH AFRICA.

“BRICS and Africa: Partnership for development, integration and industrialisation”

BRICS countries occupy 30% of BRICS countries occupy 30% of BRICS countries occupy 30% of BRICS countries occupy 30% of BRICS countries occupy 30% of BRICS countries occupy 30% of BRICS countries occupy 30% of BRICS countries occupy 30% of BRICS countries occupy 30% of BRICS countries occupy 30% of BRICS countries occupy 30% of BRICS countries occupy 30% of BRICS countries occupy 30% of BRICS countries occupy 30% of BRICS countries occupy 30% of BRICS countries occupy 30% of BRICS countries occupy 30% of BRICS countries occupy 30% of BRICS countries occupy 30% of BRICS countries occupy 30% of BRICS countries occupy 30% of BRICS countries occupy 30% of BRICS countries occupy 30% of BRICS countries occupy 30% of BRICS countries occupy 30% of BRICS countries occupy 30% of BRICS countries occupy 30% of BRICS countries occupy 30% of BRICS countries occupy 30% of BRICS countries occupy 30% of BRICS countries occupy 30% of BRICS countries occupy 30% of BRICS countries occupy 30% of BRICS 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of BRICS countries occupy 30% of BRICS countries occupy 30% of BRICS countries occupy 30% of BRICS countries occupy 30% of BRICS countries occupy 30% of BRICS countries occupy 30% of BRICS countries occupy 30% of BRICS countries occupy 30% of BRICS countries occupy 30% of BRICS countries occupy 30% of BRICS countries occupy 30% of BRICS countries occupy 30% of BRICS countries occupy 30% of BRICS countries occupy 30% of BRICS countries occupy 30% of BRICS countries occupy 30% of BRICS countries occupy 30% of BRICS countries occupy 30% of BRICS countries occupy 30% of BRICS countries occupy 30% of BRICS countries occupy 30% of BRICS countries occupy 30% of BRICS countries occupy 30% of BRICS countries occupy 30% of BRICS countries occupy 30% of BRICS countries occupy 30% of BRICS countries occupy 30% of BRICS countries occupy 30% of BRICS countries occupy 30% of BRICS countries occupy 30% of BRICS countries occupy 30% of BRICS countries occupy 30% of BRICS countries occupy 30% of BRICS 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countries occupy 30% of global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory 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home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to 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territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory 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home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to global territory and are home to 45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s 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population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population45% of the world’s population


THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. THE FIFTH BRICS SUMMIT. 26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.26 – 27 MARCH 2013.DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. DURBAN, SOUTH AFRICA. THE FIFTH BRICS SUMMIT. 26 – 27 MARCH 2013. DURBAN, SOUTH AFRICA.

“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and 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industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and industrialisation”“BRICS and Africa: Partnership for development, integration and 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industrialisation”



he South African economic

structure is best defined as a

tri-pot with its most prominent

two legs being the minerals

and energy sectors. The third

leg of the tri-port is the transportation

sector. South Africa is a transport-

intensive economy – the three forming the

strategic economic MINERAL - ENERGY -

TRANSPORTATION COMPLEX (MET-C). It is

the complex combination and management

of these sectors that form a triple helix

of economic infrastructure to propel the

development, transformation and growth

necessary to unleash the socio-economic

potential of South Africa. The country has

massive domestic transport needs, but

given that South Africa is an open, trade-

based economy whose potential for growth

lies more in improving on trade, this article

focusses on the international transportation

system that supports that trade.

TRADE AND MARITIME TRANSPORTATION

Trade is the lifeblood of the South African

economy, with about 60% of its wealth

measured by gross domestic product

obtained from trade (i.e. import – export

of goods and services). Maritime transport

carries about 98% of all the country’s

traded volumes of goods with all its trading

partners, including Africa; Asia; Europe; the

Americas; BRICS; and IBSA. The prospects

for growth and development of the South

African economy, given our relatively small

domestic consumption base, lies in our

ability to trade; this puts shipping in an

undeniable strategic and pivotal role in

the economy ... no shipping, no trade, no

economic growth. In trade terms, South

Africa contributes 0,7% to total global trade,

ranking number 46, but in seaborne trade

volumes traded over distances to and from

markets (tonne-mile terms), it contributes

about 5,6%, ranking between number 12 and

13 globally. South Africa is truly a sea trade

and transportation-intensive economy.

T

The blue economy:BRICS maritime agenda

MARITIME SECTOR’S VISION:

To develop, grow and transform the BRICS maritime sector as the engine of economic

and social development, positioning each member state as the International Maritime

Services Centre, which provides globally competitive and efficient world-class maritime

services, supported by effective maritime security arrangements and organisations, a

competitive maritime infrastructure system, ship registry and centres of excellence in

maritime knowledge, research and innovation, thus creating decent job opportunities

through public and private enterprise development within a safe, secure and sustainable

maritime environment, beneficial to all the BRICS member states.

BY COMMANDER TSIETSI MOKHELE CHIEF EXECUTIVE OFFICER SOUTH AFRICAN MARITIME SAFETY AUTHORITY (SAMSA)



Merchant shipping, both coastal and

international, is intricately integrated with the

country’s commercial seaports and supported

by the inland maritime railway/road corridors

and inland terminals, which form the Maritime

Trade Gate-Way System of the South African

economy. Yet, South Africa has mostly failed

to elevate the maritime sector to a strategic

focal industry status. The country has

lacked even the basic awareness of how the

maritime sector contributes to the domestic

socio-economic well-being and holds pivotal

geo-strategic and security importance for

South Africa.

Yet, all of South Africa’s trade is conducted

on foreign ships, facilitated by services

organised in foreign jurisdictions at an annual

bill of over R120 billion (about 10% of the

total value of imports) in hard currency,

affecting our balance of payments, giving

away jobs, investment and enterprise

opportunities. With 70% of all African Union

(AU) member states being littoral, over 90%

of the intra-Africa trade as well as trade

with the rest of the world is also conducted

by sea and carried on foreign-flagged,

-owned and -operated ships, with related

services dominated by foreign companies.

This situation constitutes foreign flight and

a security risk to South Africa and African

trade.

BRICS MARITIME TRADE: AREAS

OF ENGAGEMENT AND

COOPERATION

The fifth BRICS Summit poses a unique

opportunity to engage with the main

strategic trading partners of China, India,

Russia and Brazil as well as the AU member

states in changing this status quo. The

AU has adopted the African Maritime

Transport Charter and the African Integrated

Maritime Strategy; and the Southern African

Development Community has the Protocol

on Transportation, Communications and

Meteorology. These frameworks provide

guidance on the engagements with BRICS

partners in negotiating cooperation

agreements to promote and ensure a greater

share of sea-trade benefits for South African

and African shipping and trade facilitation

services, in particular shipping companies

and related enterprises. The package of

agreements must include joint beneficial

capacity development (education, skills,

research and innovation initiatives) and

initiatives to ensure a share of jobs for South

Africans related to the trade.

INVESTMENTMENT IN THE BLUE

ECONOMY: THE BROADER MARITIME

SECTOR

South Africa is a maritime nation and a

coastal state with a long coastline, situated

on a major sea trade and shipping route,

with an enormous and competitive port

infrastructure. The country’s largest province,

the 10th Blue Province, made up of South

Africa’s national sea area – the exclusive

economic zone – is almost three times larger

than the country’s land area.

Taking full advantage of our oceans and

inland waterways is essential to national

wealth creation (jobs and enterprise

development), social progress (quality of

life/individual and community development)

and political and sustainable environmental

systems

The 10th Blue Province is host to a diverse

maritime industrial complex, rich in potential

for domestic and foreign direct investment.

South Africa’s Blue Economy consists of

shipping and trade industries; enormous

marine resources and thriving off-shore

marine resource industries in minerals;

fishing and energy (oil and gas); a beautiful

3 000-km long coastline with many vibrant

coastal towns and port cities ready to receive

investments in the cruise and maritime

tourism industries; and the naval defence

sector poised to grow in size and influence

in the African security context. Across all

these sub-sectors lies enormous marine

manufacturing, engineering, technology

and innovation potential – all forming a

true South African Blue Economy with

thousands of jobs and hundreds of enterprise

opportunities.

CONCLUSION

The fifth BRICS Summit must respond

to and lay the foundation for a BRICS

maritime agenda, which ensures mutually

beneficial agreements to facilitate joint

investments in the maritime trade of

goods and services. The priority areas of

cooperation should be in maritime trade and

shipping, the creation of opportunities to

develop and promote African ship ownership

and greater share of tonnage carrying trade

with the BRICS community and the maritime

manufacturing sector, including vessel

construction (boats, ships and offshore

structures), as well as in the area of maritime

capacity-building.

MARITIME SECTOR ENGAGEMENT AREAS:

• Cooperation in trade, ensuring fair and sustainable trade in goods and

maritime services.

• Cooperation in maritime transportation (national ship and seafarer registry

developments).

• Cooperation in infrastructure development (in shipping, offshore, ports,

multimodal hinterland linkages and inland waterways), including joint

investments in maritime industries and technologies.

• Cooperation in the establishment of a BRICS maritime bank facility.

• Cooperation in capacity-building (maritime education, training, research

and innovation).

• Cooperation in maritime security, safety and climate change.

• Cooperation on international governance and geo-maritime challenges

(effective representation and transformation of maritime-related bodies

such as the International Maritime Organisation, United Nations Convention

on the Law of the Sea and the International Seabed Authority).

With 20 years of experience in the South African market, FAW offers competitively priced trucks that truly tick all the right boxes. This 6-cylinder, turbo-charged, heavy-duty workhorse boasts an impressive 2100 Nm of torque, great fuel efficiency and is backed up by an extensive national service network.

FAW Vehicle Manufacturer’s SA (PTY) Ltd A member of the China FAW Group Corporation, A FORTUNE 500 company.

THE FAW J6 WAS CREATED BASED ON ONE CONCEPT:

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For more information visit www.faw.co.za or any of our listed Selling Dealers:Bethlehem (058) 303 9613 | Bloemfontein (051) 432 3332 | Cape Town (021) 987 1909 Francistown (00267) 241 5458 | Gaborone (00267) 316 3200 | Harrismith (058) 622 2486Isando (011) 392 1530 | Kimberley (053) 836 5500 | Klerksdorp (018) 462 4041 Malelane (013) 790 0341 | Middelburg (013) 246 2471 | Nelspruit (013) 757 0585Pinetown (031) 700 5167 | Port Elizabeth (041) 463 3338 | Pretoria Pinetown (031) 700 5167 | Port Elizabeth (041) 463 3338 | Pretoria West (012) 372 1323 Randburg (011) 791 0355 | Shelley Beach (039) 315 0012 | Silverton (012) 804 3699Vereeniging (010) 590 9916 | Vredendal (027) 213 1090

With 20 years of experience in the South African market, FAW offers competitively priced trucks that truly tick all the right boxes. This 6-cylinder, turbo-charged, heavy-duty workhorse boasts an impressive 2100 Nm of torque, great fuel efficiency and is backed up by an extensive national service network.

FAW Vehicle Manufacturer’s SA (PTY) Ltd A member of the China FAW Group Corporation, A FORTUNE 500 company.

THE FAW J6 WAS CREATED BASED ON ONE CONCEPT:

DURABILITY!

CAPABLE and reliable trucksCAPABLE and reliable trucksCAPABLE and reliable trucksCAPABLE and reliable trucksCAPABLE and reliable trucksCAPABLE and reliable trucksCAPABLE and reliable trucks

For more information visit www.faw.co.za or any of our listed Selling Dealers:Bethlehem (058) 303 9613 | Bloemfontein (051) 432 3332 | Cape Town (021) 987 1909 Francistown (00267) 241 5458 | Gaborone (00267) 316 3200 | Harrismith (058) 622 2486Isando (011) 392 1530 | Kimberley (053) 836 5500 | Klerksdorp (018) 462 4041 Malelane (013) 790 0341 | Middelburg (013) 246 2471 | Nelspruit (013) 757 0585Pinetown (031) 700 5167 | Port Elizabeth (041) 463 3338 | Pretoria Pinetown (031) 700 5167 | Port Elizabeth (041) 463 3338 | Pretoria West (012) 372 1323 Randburg (011) 791 0355 | Shelley Beach (039) 315 0012 | Silverton (012) 804 3699Vereeniging (010) 590 9916 | Vredendal (027) 213 1090

FAW Group Co. Ltd is China’s oldest and largest automotive manufacturer, can trace its roots back to July 1953 when the first assembly plant was built. Originally started as First Automobile Works, following state intervention, the First Automobile Works restructured its business model, and the China FAW Group Co. Ltd was established in June 2011.

Over the past five decades the FAW Group has evolved into one of the world’s largest producers of motor vehicles comprising of passenger cars and commercial vehicles. FAW Group has its headquarters in China’s north eastern city of Changchun in Jilin Province.

FAW Groups total assets are currently valued at over $26.1 billion. The company employees in excess of 133,000 staff globally. In 2011 FAW China ranked 165 on the Global Fortune 500 listing with revenue of approximately $ 57 billion and profits in excess of $ 2.1 billion.

GLOBAL FOOT PRINT

The company has rapidly expanded globally, and presently vehicles are being

exported to some 140 countries around the world, which is supported by modern production facilities in Pakistan, South Africa, Tanzania, Brazil.

Over the years, the FAW Group has successfully formed alliances with a number of international automotive manufacturers.

FAW SOUTH AFRICA

Over the past 19 years of being active in South Africa with a manufacuring, retail, sales, parts, services a assembly plant in Spartan, Gauteng, FAW SA has established itself as a force in the local commercial vehicle industry and is planning for significant expansion and growth in the years to come.

The product range of commercial vehicles in SA includes 4 ton Medium Commercial Vehicles, 5 to 8 ton Heavy Commercial vehicles & Extra Heavy commercial vehicles that can be custom built according to clients specifications.

Following the decision to invest and build a state of the art manufacturing plant in the Eastern Cape area of Coega, the company is gearing up for this massive step forward.

The total investment of approximately R 600 million is one of the most important and significant investments by a Chinese entity into South Africa. The funds will also provide the working capital to operate the factory, which will be on a par with anything in the world.

The plant will be built on 400,000 square meters of land, and is expected to manufacture 5,000 trucks and 30,000 passenger cars annually. The truck assembly facility will create job opportunities when the passenger assembly plant is commissioned.

It is envisaged that the plant will be completed during 2014, and the first vehicles to be assembled in the new plant will roll off the assembly line in thereafter.

South Africa is in it for the long haul”,

South Africa’s Finance Minister Pravin

Gordhan stated in his recent Budget

speech. This implies a desire to create

a sustainable economy which, in

turn, requires the long-term reconstruction and

development of this country and steering “South

Africa Inc” from consumption to economic growth

that is investment-driven and creates employment. It

therefore came as no surprise that Minister Gordhan

deemed it necessary to call upon corporate South

Africa to revise their perception of the risk of doing

business in South Africa.

The call comes in the wake of the Marikana incident,

wide-spread and unprotected strikes, retrenchments

and mine closures in the mining industry. Minister

Gordhan soberly remarked that “the events in the

mining sector have brought a new sense of reality

to bear” on government. A proposed review of

the country’s mining tax policies, increasing costs,

fractious labour relations, declining production

output and the risk of mine nationalisation is the

reality that faces the South African mining industry.

It is as a result of these risks that “South Africa Inc”

is increasingly becoming a less attractive mining

investment destination mindful that we have to

still compete with other resource rich countries for

limited funding resources following the recently

demised “commodity boom”.

The macro-economic reality is that South Africa

does not possess a sufficiently skilled industry to

export itself out of its problems and is therefore

a net importer of goods with a consequent drain

on the gross domestic product of the country.

In order to increase the market value of the goods

and services produced in South Africa, continuous

foreign investment is required and this can be

facilitated by, among other measures, fostering an

investor-friendly environment for foreign direct

investment in the South African mining sector.

The mineral patrimony of this country was recently

valued to be in excess of a trillion dollars, yet South

Africa ranks behind countries like Botswana, Ghana

and Zambia.

It has often been said that foreign direct investment

in the mining sector in South Africa requires

primarily a stable political and legal regime. The

success of the mining sectors in other African

countries is largely due to the conscientious efforts

of their governments to provide regulatory certainty.

What does an investor-friendly mineral regulatory

regime entail? Based on what has been said above,

one would expect for such a regime to include the

following basic principles: efficient macro-economic

management, effective investment protection

mechanisms, the rationalisation and integration

of fragmented legislative requirements for the

grant of the suite of authorisations required to

mine, competitive mining taxes, security of tenure,

objective criteria for the grant of rights to exploit

mineral resources, limited administrative discretion, a

defined role for government and a capacitated and

responsive mining administrative department.

Prior to the promulgation of the Mineral and

Petroleum Resources Development Act (MPRDA),

2002 nearly a decade ago, the entitlement to

mineral rights was based on a secure system of

private ownership. The MPRDA now recognises the

internationally accepted right of the State to exercise

sovereignty over South Africa’s natural resources and

sets out to promote social transformation by virtue of

the exploitation of its mineral resources through the

principle of state custodianship.

Security of tenure was maintained by the

implementation of various transitional provisions

of the MPRDA, which arguably vested in the

Minister of Mineral Resources a limited discretion

not to transition extant mineral rights into the new

regulatory regime if the mineral right holder did

not persuade the Minister that it would facilitate

the meaningful and substantial participation of

historically disadvantaged South Africans. The

Minister was required to develop a charter for the

transformation of the minerals industry, which

would provide guidance in respect of the ambit

of this noble but open-ended social-economic

objective. The terms and concepts introduced

by these documents leave much uncertainty and

scope for dispute and it is, unfortunately, difficult

to predict what a court will do when confronted

with the differences in usage and terminology in

giving meaning to the “spirit” and purport of those

documents. South Africa entered into over 40

bilateral investment treaties (BITs) to allay concerns

of foreign investors. It was recently announced that

South Africa intends to reconsider a number of BITs.

Amendments to the MPRDA have recently been

proposed, which would require any share traded in

a company owning mining assets and listed on the

JSE requiring the Minister’s prerequisite consent.

Although the Minister of Mineral Resources, Susan

Shabangu, reiterated during the annual Mining

Indaba in February that mine nationalisation is

something that her administration would never

consider, the international investor community still

responded with a call for a bolder stance in order

to restore some of the lost confidence. Countries,

such as Ghana and Zambia, with growing mining

industries, proclaimed that nationalisation would be

unconstitutional in their countries.

The average delay in being granted the suite of

authorisations (i.e. mining right, water use licence,

environmental authorisation, etc.) required to mine

is in excess of two years. In Tanzania and Ghana,

it takes less than three months. The Chamber of

Mines has called upon the Department of Mineral

Resources to legislate for the rationalisation and

integration of fragmented statutory requirements for

the grant of authorisations to mine.

Many mining executives also expressed concern

during the recent Mining Indaba that South

Africa has mooted an increased mineral resource

royalty while many other African countries are

implementing investor-friendly legislation in terms

of their own tax regimes. It has been suggested that

mining companies would need to brace themselves

for a tax on “super profits”. The mechanics of the

royalty calculation in its current form does not

allow the State to share in “super profits” as an

upper cap applies. This seems to be the current

bone of contention, and is the one fundamental

difference between the current royalty regime and

a resource rent type tax. A resource rent tax can

be described as the levying of tax on super profits

which would be triggered after a “normal” return

on investment has been achieved. “The broader

review of the tax system will consider whether this

approach is sufficiently robust and assess what the

most appropriate mining tax regime is to ensure

that South Africa remains a competitive investment

destination,” National Treasury said in documents

presented to Parliament as part of its budget.

Ultimately, the future of this country is a shared

responsibility and everyone must, according to

Minister Gordhan, “start believing in South Africa

Inc and recognise that we have a collective

future”. We can all perhaps learn from the

resourceful South African mining industry which,

amidst rising operational costs, is still a world

leader in the development of mining technology

for the optimal exploitation of mineral resources.

We do, after all, currently operate the deepest

mine in the world.

LLOYD CHRISTIE DIRECTOR EDWARD NATHAN SONNENBERGS

BriCS SummiT puBliCaTion / paGE 79


“Investment in mining

Defence and technologyDENEL –


enel’s growing reputation in the

global defence industry positions

itself as South Africa’s obvious

partner of choice for BRICS

companies who are extending

their business into Africa.

With a proven record for quality products

and services across the spectrum of

defence manufacturing – from landward,

to aerospace, to missile technology, to

maintenance services – Denel offers

advanced facilities, a world-class skills

pool and an unflinching commitment

to excellence, innovation, research and

development.

“Denel is excited about the many

opportunities for new business and

cooperation flowing from South Africa’s

role within the BRICS community,” says the

Group Chief Executive, Riaz Saloojee. “We

already have established joint ventures with

key defence industry players in the BRICS

countries and I am convinced that the

Durban Summit will provide even greater

exposure of the products we manufacture

and the services we provide.”

Denel Dynamics, a division within the state-

owned company is working with Brazil on

the development of the A-Darter, a short-

range air-to-air missile; Denel Aviation has

a relationship with Russian Helicopters to

provide maintenance, repair and overhaul

services to its range of products in Africa;

and Denel Aerostructures is involved in talks

with Embraer SA to manufacture parts on

future aircraft construction.

The cooperation between Denel Dynamics

and Brazil has resulted in the development of

the 5th generation A-Darter missile able to

manoeuvre at very high G-forces with lock-

on after launch capability.

The A-Darter, which will be produced in

both South Africa and Brazil, has already

completed extensive testing including guided

launches at the Denel Overberg Test Range

on the southern tip of Africa.

The Africa Aerospace and Defence Exhibition

(AAD) in September 2012 provided the

backdrop for the signing of an agreement

between Denel and Russian Helicopters. In

terms of this, Denel Aviation will, in future,

be responsible for maintenance and repair

services on helicopters produced by Russian

Helicopters on the African continent.

“We are delighted to have relations with

one of the world’s leading manufacturers of

rotary wing aircraft and are looking forward

to extend this relationship in the future,” says

Mr Saloojee.

With Russian Helicopters expanding its

presence in Africa Denel Aviation provides

a world-class facility and highly-skilled

engineering and technical base to support its

products.

Denel Aerostructures (DAe) recently visited

Brazil as part of a South African trade

mission to its BRICS partner. The visit included

meetings with senior executives of Embraer

who were briefed about the company’s unique

capabilities in the design, industrialisation

and manufacturing of complex composite and

metallic aircraft structures.

Mr Saloojee says Denel’s strategic location

in Africa makes it an ideal partner for

companies in the BRICS group looking to

expand their business in the defence and

high-technology arenas.

“This is the experience, the capacity and the

quality of service that Denel now also offers

to companies in the BRICS group,” says Mr

Saloojee.


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Denel 275x210mm FC :Denel 275x210 FC Idex 2013 2/18/13 6:29 AM Page 1

Scene 1

Little Themba walks into a spaza shop and walks up to the lady at the counter.

“ How much is a chocolate cone ice cream?” he asks

“ R5” the lady answers rudely.

He only has R5 and ponders whether he should spend all of it on ice-cream.

“How much is the Vanilla?”

“R3” answers the lady, visibly annoyed.

Little Themba counts with his tiny fi ngers and buys the R3 ice cream.

He walks out with a big smile on his face.

Soon as he is out of sight, the unfriendly lady peers into a plate on her counter.

There is a R2 tip that wasn’t there before the boy walked into the shop.

The National Film and Video Foundation is proud to play a critical role in helping South African fi lmmakers develop and tell their stories through fi lm. To fi nd out more visit www.nfvf.co.za

Department Of Arts And Culture

an agency of the

SOUTH AFRICA

Bringing South African stories to life.

BRICS. The birth of a movie hub.

South Africa has made great strides in producing great fi lms some of which have gone on to win prestigious inter-national awards. As South Africa moves to partner fellow BRICS nations in co-fi nancing and co-producing joint fi lm projects, local fi lmmakers will now have the opportunity to reach even more global audiences.

With a combined population of over 3billion people, the BRICS nations provide a potentially massive platform for South African fi lmmakers to tell their stories.

Department Of Arts And Culture

an agency of the

SOUTH AFRICA

Bringing South African stories to life.


South Africa film industry in the

t the fifth BRICS Summit, one

of the key areas of focus is the

South African film and television

industry. The South African

industry started from a small base

and now boasts a highly skilled, business-

minded and globally competitive industry,

backed by government.

The National Film and Video Foundation

(NFVF) is a statutory body mandated by

Parliament to spearhead the development

and promotion of the South African film and

television industry.

NFVF CEO, Zama Mkosi says that the industry

has made significant strides over the last few

years. “We have seen many new developments,

for instance the rebate for post-production

from the dti (Department of Trade and

Industry), the recognition of South Africa on

the world stage and numerous international

accolades. Particularly significant is the

increase in the number of South African films

produced. In the last few years around 20-25

films have been produced annually. We are

excited by the direction in which the industry

is moving but there are various challenges that

need to be overcome.”

A major challenge is to increase the levels

of funding and investment in the industry.

Mkosi explains that at this stage the industry

is largely funded by government and related

agencies. “In order to grow the industry, we

need to see more private-sector investment.”

She points out that one of the major reasons

why the private sector is reticent to invest

is due to the lack of comparative figures or

information. The NFVF recently commissioned

Deloitte and Touche to conduct an in-depth

economic assessment study of the film

industry, the study should provide the industry,

government and the business sector with

statistics that will help develop appropriate

strategies for facilitating development of the

film sector and to enhance their contributions

to the gross domestic product and show the

sector as an important player in the economy

The study was expected to be completed by

March and will make information regarding

investment benefits accessible to the private

sector. Mkosi states: “As the NFVF, we want

to contribute and broaden the investment

landscape.”

One of the major developments has been

the signing of eight co-production treaties

(Canada, Germany, Italy, United Kingdom,

France, New Zealand, Australia and Ireland).

Mkosi maintains that these treaties offer both

local and international companies considerable

investment and creative opportunities. “They

play a huge part in developing the industry

and creating international networks, while

developing and harnessing the skills of the

local crew. We need to utilise more of these

treaties as this would then increase the

number of South African producers entering

into co-productions. The treaties are also not

utilised correctly to create long-term benefits

for the country.” One of the major benefits of

the co-production is that the South African

story gets to travel to other countries.

To attract foreign production to South Africa

and promote the industry, the NFVF attends

various film festivals around the world. Mkosi

says that this is critical in terms of remaining in

the public eye. “We aim to market South Africa

as a world-class film destination. The dti has

contributed greatly through their incentives.

“Over the past two years, since the Cape

Town Film Studios (CTFS) opened, we

have seen major Hollywood and other big

international players shoot on our shores. It is

important that South Africa attracts foreign

direct investment into the country

and therefore it is paramount that the

country be seen as a player in the global

entertainment industry.”

Transformation is also high on the list of

priorities of the NFVF. Mkosi explains that

transformation is viewed from all levels from

training, funding and creating access to film.

“Film cannot be relegated to a select few

and needs to be accessible to all. We support

training through various programmes and

offer numerous bursaries to the previously

disadvantaged.”

She emphasises that the film industry is

like any business: it needs to be sustainable

and viewed on a long-term basis. “While

government will continue to support the

industry, it is the responsibility of the


spotlightA

Zama Mkosi, CEO of NFVF

filmmakers and producers of content

to ensure that there are financial and

economic returns.”

INDUSTRY PERSPECTIVE

The South African film industry has an

impressive number of production companies

catering for international service work, co-

productions and local productions. It has been

referred to as one of the best places in the

world to shoot due to the dti rebate, diversity

of locations, weather, infrastructure and highly

skilled crew.

Chris Roland of ZenHQ Films, who has been

involved in the industry for many years

and has produced numerous international

productions, says both South African and

international producers have a wide selection

of countries to choose from when entering

or looking for co-production partners. “In

South Africa, the dti’s incentive is competitive

globally, soft and very well-managed, making

it an attractive proposition. The growth of

the industry, sustained employment and

the number of non-treaty and treaty co-

productions is a direct result of the dti rebate.”

Vlokkie Gordon of Film Afrika, which has

serviced numerous high-end Hollywood

productions, says that South Africa is very well

positioned for continued growth. “There are

many benefits for shooting here, including the

increased rebate for service film companies

and the addition of the post-production

rebate. The CTFS also offers a world-class

facility and we are currently shooting the

Starz Production/Michel Bay television series

there. Out there, South Africa is on every

producer’s lips.”

Dezi Rorich of Metal Moon Publicity has been

involved in the film industry for 25 years. She

says that on her recent trip to Hollywood,

where she promotes the industry together

with LA-based MediaXchange, she discovered

that around 50% of the producers she spoke

with had projects heading to South Africa

this year. “This has a knock-on effect of

employment, skills and economic benefits.

The other great and long-awaited news is that

America wants stories that emanate outside of

US borders.”

The CTFS, which the Hollywood Reporter ranked

as the top seven state-of-the-art facilities of

its kind in the world, has gained international

reputation. The studios have hosted a number

of high-profile international films, including Mad

Max: Fury Road (Warner Brothers), Chronicle

(20th Century Fox) and Safe House (Universal

Studios).

Nico Dekker, CEO of CTFS, comments that they

were astonished by figures released by the dti

regarding productions that were hosted by the

studios. “It showed that since December 2010,

productions have spent R1,3 billion indirect

expenditure in South Africa and mostly

in the Western Cape. Using an economic

multiplier of 2,5, this translates into an impact

on the economy of R3,25 billion. The job

opportunities also contribute significantly with

no less than 29 000 people being employed

on these productions.”

In 2013, there will be over 20 local films

released through the main distributors Ster

Kinekor, Nu Metro, UIP and Indigenous Film.

Doug Place, marketing manager of Ster

Kinekor Theatres, South Africa’s largest

distributor, says that they are releasing a

dozen South African films this year. “There

are too many to name but the bigger titles

are Spud 2 and Lien Se Lankstaan Skoene. We

expect a robust box office performance for

local films.”

Helen Kuun, CEO of Indigenous Film, an

independent distribution company, explains: “We

will be releasing numerous local titles this year.

The biggest challenge is for filmmakers to be

aware of what goes on the big screen and what

is for TV or DVD only. All films are not suited for

all platforms and just because a film was made

does not mean it will manage to hold a screen.”

Nu Metro will also distribute numerous local

titles, says Ricky Human, General Manger. “We

are releasing a variety of South African films.

With the successes of films like Semi-Soet,

Liefling, Spud, Material, Die Wonderwerker and

recently released animation film Adventures of

Zambezia, which achieved in excess of

R5 million at the box office, there is definitely

a revival in the local film industry.”



Established in 1996 the South

African Local Government

Association serves as the

representative voice for 278

member municipalities tasked with

four main functions:

• Torepresent,promoteand

protect the interests of local

government

• Totransformlocalgovernment

tofulfilitsdevelopmentalrole

• Raisetheprofileoflocal

government

• Ensurethefullparticipationof

women in local government

• Developcapacityin

municipalities

• Toactasanemployerbodyon

behalf of municipalities

SALGAinterfaceswithParliament,

the National Council of Provinces

(NCOP),Cabinetaswellas

provincial legislatures.

Ourvisionistobeconsultative,

informed,mandated,credibleand

accountable in our quest to be an

association that is relevant to its

members,thatisatthecuttingedge

ofqualityandsustainableservices.

South African Local Government AssociationSALGA

Contact DetailsSALGA(012) 369 8000 (tel)(012) 369 8001 (fax)175 Corobay StreetWaterkloof Glen Ext 11

Visit us on www.salga.org.za

The

GOVERNMENTLOCAL

VOICELOCALLOCALLOCALLOCALLOCAL

VOICEVOICEVOICEVOICEVOICEVOICEVOICEVOICEVOICEVOICEVOICEVOICEVOICEVOICEVOICEof

Established in 1996 the South

African Local Government

Association serves as the

representative voice for 278

member municipalities tasked with

four main functions:

• Torepresent,promoteand

protect the interests of local

government

• Totransformlocalgovernment

tofulfilitsdevelopmentalrole

• Raisetheprofileoflocal

government

• Ensurethefullparticipationof

women in local government

• Developcapacityin

municipalities

• Toactasanemployerbodyon

behalf of municipalities

SALGAinterfaceswithParliament,

the National Council of Provinces

(NCOP),Cabinetaswellas

provincial legislatures.

Ourvisionistobeconsultative,

informed,mandated,credibleand

accountable in our quest to be an

association that is relevant to its

members,thatisatthecuttingedge

ofqualityandsustainableservices.

South African Local Government AssociationSALGA

Contact DetailsSALGA(012) 369 8000 (tel)(012) 369 8001 (fax)175 Corobay StreetWaterkloof Glen Ext 11

Visit us on www.salga.org.za

The

GOVERNMENTLOCAL

VOICEof


EASTERN CAPE

The region boasts remarkable natural diversity, ranging

from the dry, desolate Great Karoo to the lush forests of the

Wild Coast and the Keiskamma Valley; the fertile Langkloof,

renowned for its rich apple harvests; and the mountainous

southern Drakensberg region at Elliot.

In the Eastern Cape, various floral habitats meet. Along the

coast, the northern tropical forests intermingle with the more

temperate woods of the south.

The province is serviced by airports situated in Port Elizabeth,

East London, Mthatha and Bhisho.

TOURISM

The Eastern Cape is the only province in South Africa, and

one of the few places on Earth, where all seven biomes (major

vegetation types) converge.

Key attractions

• The rugged beauty of the Wild Coast, including

Hole-in-the-Wall.

• Port Elizabeth, the sunshine capital of the Eastern Cape, with

its friendly people and excellent beaches.

• The Red Location Museum of the People’s Struggle in

New Brighton, Port Elizabeth – winner of several international

awards.

• The village of Qunu, where former President Mandela grew

up and which now features the Nelson Mandela Museum.

• The world’s highest bungee jump (216 m) at the Bloukrans

Bridge over the Storms River.

The Eastern Cape, lying on the south-eastern South African coast, is a region of great natural beauty, particularly the rugged cliffs, rough seas and dense green bush of the stretch known as the Wild Coast.

PROVINCES


• Varied game reserves, including the Addo Elephant, Mountain

Zebra and Mkambati parks.

Capital: Bhisho

Principal languages:

isiXhosa 83,4%

Afrikaans 9,3%

English 3,6%

Population: 6 562 053 (Census 2011)

% share of total population: 12,7%

Area: 169 580 km2

% of total area: 13,9%

(Acknowledgement: Pocket Guide to South Africa, Published by

the Government Communication and Information System)

www.ecprov.gov.za

WEBSITE:

PROVINCES

hina’s leading auto manufacturer,

First Automobile Works (FAW),

has begun construction on

a US$100-million truck and

passenger car plant at the Coega

Industrial Development Zone (IDZ) in South

Africa’s Eastern Cape province.

Officials from FAW recently signed a contract

with the Coega Development Corporation to

mark the beginning of construction at the IDZ

near Port Elizabeth.

“FAW’s decision to build the plant in South Africa

is significant, as it will be one of the biggest

manufacturing investments by China in the

country so far,” Coega Development Corporation

spokesperson Ayanda Vilakazi said recently.

“FAW’s arrival in the Eastern Cape adds to the

existing list of automobile manufacturers already

in the province, including Volkswagen, General

Motors and Mercedes-Benz,” Vilakazi added.

500 new jobs in the first phase

Initial construction of the plant will cover 400 000

square metres and cost R200 million.

The plant is expected to produce 5 000 trucks

annually, as well as light commercial vehicles

and passenger cars. In its first phase, the plant

is expected to create 500 permanent jobs for

people in the province.

Once completed, the truck assembly facility

is expected to create a further 500 to 800

jobs, with more jobs being created when the

company starts producing an additional 30 000

passenger vehicles annually.

“We welcome the private sector’s investment

of billions of rands that will provide

desperately-needed job opportunities,

while also helping to address poverty and

inequality in the province,” Eastern Cape

Premier Noxolo Kiviet said during the sod-

turning ceremony.

Coega’s added inCentives

Kiviet said the South African Government’s

efforts to develop infrastructure in the province

was pivotal in securing FAW’s investment.

Vilakazi said FAW’s decision to invest in the

province was prompted by Coega’s location,

the proximity of the Port of Ngqura, the

logistical solutions available, the availability

of skills in the Nelson Mandela Bay

Metropolitan area, and support mechanisms

offered by Coega.

Since entering the market in 1984, FAW

has produced 16 million vehicles and has

consistently been a Fortune 500 company.

FAW is China’s leading exporter of vehicles, and

has joint venture operations with many of the

world’s leading vehicle manufacturers, including

Volkswagen, Toyota and Mazda.

starts Building in SAChinese Automaker C

PAGE 90 / BRICS SUMMIT PUBlICATION


outh Africa’s hosting of the BRICS Summit is an

enormous marketing opportunity for the Republic as

part of boosting the economy and creating jobs. Tourism

is one of the country’s six job drivers in terms of the New

Growth Path, the economic strategy within the umbrella

of the National Development Plan.

The considerable investment by the South African Government and

the private sector in the tourism industry and the continued targeted

marketing around the world, are beginning to pay off. Recent tourism

figures indicate that South Africa continues to be an attractive

international tourism destination.

Tourism Minister Marthinus van Schalkwyk has announced that the

months from January until October 2012 showed an increase of

10,4%, with 7 535 498 tourist arrivals compared to 6 823 517 tourist

arrivals for the same period in the previous year. A total of 204

247 tourists from Germany visited South Africa from January to

October 2012. This represents an increase of 12,2% compared to the

corresponding period in 2011. Germany is one of the key traditional

overseas markets for travel to South Africa, with the United States of

America and the United Kingdom taking the lead.

The United Nations World Tourism Organisation indicates that global

tourism growth was 4% in 2012, which means that South African

tourism grew above the global rate of tourism growth.

Encouragingly, growth from emerging markets is especially

impressive, with Asian tourist arrivals having grown 36,9% up to

the end of September 2012, driven by growth of 63,5% from China

and 18,3% from India. Regional African tourist arrivals are also doing

extremely well, growing by 8,7% overall, with 25,5% growth from

Angola and 17,9% growth from Nigeria notable highlights.

Foreign direct spend from international tourists between January and

September 2012 was R53,4 billion.

The South African Reserve Bank reported that travel receipts increased

again in the second quarter of 2012, rising by R5 billion to R83,5 billion.

This is an all-time record high, and now far exceeds the level of travel

receipts recorded at the time of the 2010 FIFA World CupTM.

The Reserve Bank further reported that “spending by non-resident

visitors in South Africa rose for the fifth consecutive quarter in the

second quarter of 2012, assisting in the containment of the overall

deficit on the services account”.

For the next five years, South Africa has already secured over

200 international conferences, which are estimated to attract about

300 000 delegates and provide an economic boost of more than R1,6

billion for the economy. In 2011, according to our departure survey,

South Africa received 392 000 business travellers, of whom 140 000

were pure meetings, incentive, conference and events delegates.

South Africa –

S

an attractive international tourism destination




Between the Vaal River in the north and the Orange River in the

south, this immense rolling prairie stretches as far as the eye

can see.

The capital, Bloemfontein, houses the Supreme Court of Appeal, a

leading university and some top schools.

Mining, particularly gold, is the biggest employer, followed by

manufacturing.

A gold reef of over 400 km stretches across Gauteng and the Free State.

The province accounts for 30% of South Africa’s total gold

production, and contributes significant amounts of silver,

bituminous coal and diamonds.

Known as the “bread basket” of South Africa, about 90% of the

province is under cultivation for crop production.

TOURISM

The Eerste Raadsaal in Bloemfontein (First Parliament Building) was

built in 1849 as a school and is the city’s oldest surviving building

that is still in its original condition. It is still used as the seat of the

Provincial Legislature.

The National Women’s Memorial is a sandstone obelisk, 36,5 m

high, which commemorates the women and children who died in

concentration camps during the Anglo-Boer/South African War.

Key attractions

• Clarens is surrounded by spectacular scenery and boasts many

art galleries.

• The Golden Gate Highlands National Park outside Clarens has

beautiful sandstone rock formations.

The Free State, a province of wide horizons and blue skies, farmland, mountains, goldfields and widely dispersed towns, lies in the heart of South Africa.

FREE STATEPROVINCES


• The King’s Park Rose Garden in Bloemfontein boasts more than

4 000 rose bushes.

• The Vredefort Dome, a world heritage site, is the oldest and

largest meteorite impact site in the world. It was formed about

two billion years ago when a giant meteorite hit the Earth.

Capital: Bloemfontein


Sesotho 64,4%

Afrikaans 11,9%

isiXhosa 9,1%


% share of total population: 5,46%

Area: 129 480 km2




www.freestateonline.fs.gov.za

WEBSITE:

PROVINCES

Gauteng is also the financial-services capital of Africa, as more than 70

foreign banks have their head offices in the province, as do at least the

same number of South African banks, stockbrokers and insurance giants.

Financial and business services, logistics, manufacturing, property,

telecommunications and trade are some of the most important

economic sectors.

Johannesburg, nicknamed “Egoli” (Place of Gold), is the capital of the

province and a city of contrasts. South of Johannesburg is Soweto.

There are 159 mines – 44 of them gold mines – in Gauteng, that

together account for a quarter of South Africa’s total mineral

production. Most of the mining is for gold – 80% of Gauteng’s output.

Most overseas visitors enter South Africa via OR Tambo

International Airport.

Some 50 km north of Johannesburg lies Pretoria, the administrative

capital of South Africa and home to the Union Buildings.

The Gautrain started running in June 2010 and now carries

passengers between Johannesburg and Pretoria in less than

40 minutes.

Gauteng is the economic centre of South Africa and the continent, responsible for over 34,8% of the country’s total gross domestic product (GDP), although it is the smallest of South Africa’s nine provinces.

GAUTENGPROVINCES

www.gautengonline.gov.za

WEBSITE:

PROVINCES

TOURISM

Gauteng, the economic heart of southern Africa, offers a

vibrant business environment and many tourist attractions,

including a rainbow of ecological and cultural diversity.

Key attractions

• The Vaal Dam covers some 300 km2 and is a popular venue for

water sport. Numerous resorts line the shore. The dam is also

popular with birders and anglers.

• The Sterkfontein caves near Krugersdorp are the site of the

discovery of the skull of the famous Mrs Ples, an estimated

2,5-million-year-old hominid fossil; and Little Foot, an almost

complete hominid skeleton of more than 3,3 million years old.

• The Walter Sisulu National Botanical Garden has a 70-m high

waterfall, stunning indigenous plant displays and a breeding pair

of black eagles.

• There is a ring of hills a kilometre in diameter and 100 m high

just 40 km north of Pretoria. These hills are the walls of the

Tswaing Meteorite Crater, left by an asteroid

200 000 years ago.

• The National Zoological Gardens in Pretoria is considered one of

the 10 best in the world.

• The Constitution Hill Precinct is set to become one of South

Africa’s most popular landmarks.

• The old mining town of Cullinan is where the world’s biggest

diamond, the 3 106-carat Cullinan diamond, was found.

• A guided tour of Soweto leaves a lasting impression of this vast

community’s life and struggle against apartheid.

• The Apartheid Museum in Johannesburg tells the story of the

legacy of apartheid through photographs, film and artefacts.

• The Union Buildings in Pretoria was the venue for the

inauguration of presidents Mandela, Thabo Mbeki and Jacob

Zuma.

Capital: Johannesburg


isiZulu 21,5%

Afrikaans 14,4%

Sesotho 13,1%

English 12,5%

Population: 12 272 263 (Census, 2011)

% share of the total population: 23,7%

Area: 17 010 km2





EDITORIAL CONTRIBUTIONEDITORIAL CONTRIBUTION

DESTINATION JOBURG Tourism is a vital part of the city’s economic growth agenda and plays an important role in encouraging the development of the SMME sector. It stimulates the growth and development of a vibrant second economy, in line with Johannesburg’s Growth and Development Strategy, the Joburg 2040 (www.joburg.org.za/gds2040).

The City’s leadership remains focused on positioning Johannesburg not only as the continent’s leading business hub and vibrant all year round leisure and lifestyle destination, but also offering plenty of opportunities as a base for viable tourism investments.

The Lanseria precinct and Midrand Business District are just two key tourism investment areas which have been identified for this purpose. Significant projects include the development opportunities of:

• World-class accommodation facilities• State-of-the-art meeting venues• Professional hospitality services encompassing transport, training, amenities, suppliers, entertainment, gambling and cuisine

For more information contact the City’s Economic Development team via email: Reginald Pholo [email protected]

www.joburgtourism.com [email protected]

Tel: +27 11 214 0700

FOR VIABLE INVESTMENT OPPORTUNITIES

Follow us on:

3480_JTC Tourism Investment print Advert 275x210mm.indd 1 2013/03/01 2:36 PM

ohannesburg’s reputation as a premier

destination for international business

conferences and exhibitions will

be reinforced this year as it hosts

three global summits. As one of the

fastest-growing commercial cities in Africa,

Johannesburg boast world-class conferencing

facilities and ITC infrastructure. In association

with stakeholders, the Johannesburg Convention

Bureau and the Johannesburg Tourism Company

is aiming to grow business tourism through the

hosting of global summits in the city.

The C40 Summit on Climate change will take

place in June 2013, bringing together global

leaders, activists and innovators to discuss

environmental issues relating to the urban

environment. C40 is a group of 59 major

cities which share knowledge and experience

on the environment, climate change and the

sustainable management of resources. It is

currently chaired by New York Mayor Michael

Bloomberg and supported by the Clinton

Climate Initiative.

Mayors and decision-makers from the world’s

largest cities will converge in Johannesburg

this year for the annual meeting of the Board

of Directors of the Metropolis organisation.

The meeting of Metropolis will be the most

important gathering yet of representatives

of major metropolitan areas to discuss issues

regarding the impact of urbanisation on the

world. The five-day event will take place in July

2013 and coincide with a meeting of the Forum

of Metropolitan Mayors.

In October this year, Joburg will play host to

the One Young World Summit, a global forum

of young leaders which is expected to attract

some 1 000 delegates from every continent. One

Young World was established in 2010 to ensure

issues affecting the youth are receiving global

attention. Among its patrons are Archbishop

Desmond Tutu and former UN Secretary-

General, Kofi Annan. Young leaders can now

apply to attend the next One Young World

Summit, which takes place in Johannesburg,

South Africa, 2-5 October 2013. One Young

World delegates are 18-30 years old and have

demonstrated their leadership potential. Many

have already had an impact in their home

countries on a range of issues, including the role

of business in society, transparency in business

and government, the impact of climate change

and global health and hunger relief. Visit www.

oneyoungworld.com for more details.

This year, the City of Johannesburg’s

Department of Economic Development is

also organising the first Buy Sell Invest Visit

Conference and Expo in April 2013.

“Johannesburg is continuing to grow as one

of the preferred conferencing and investment

destinations and as part of the City of

Johannesburg’s 2040 Strategy, we will remain

to grow business tourism and conferencing as

a key investment area,” said Mr Ruby Mathang,

MMC for Economic Development, City of

Johannesburg.

Other conferences lined-up for Johannesburg

include:

2013

• World Credit Congress (14 - 16 May)

• Pan-African Franchise Federation Conference

(9 - 10 May)

• Pan Pacific Association Business Congress

(3 - 6 June)

• Chartered Institute of Management

Accountants (CIMA) Global Challenge

(26 – 30 August)

• 59th Commonwealth Parliamentary

Association Congress

(28 August - 6 September)

• 26th International Council of Management

Consulting Institutes (23 - 28 September)

• World Agility Championships

(10 – 13 October)

• WADA (World Anti Doping Agency)

Congress (9 - 6 November).


Africa’s business hubJoburg,


J


Washed by the warm Indian Ocean, it stretches from Port Edward

in the south, and northwards to the Mozambique boundary.

In addition to the magnificent coastline, the province also boasts

sweeping savanna in the east, and the majestic Drakensberg

mountain range in the west.

Visitors to KwaZulu-Natal can disembark at the King Shaka

International Airport, which opened in April 2010. Alternatively,

they can make use of the extensive national road network.

The forestry, wood and wood products sector enables KwaZulu-

Natal to participate in various associated businesses such as

furniture-making.

TOURISM

Also known as the Zulu Kingdom, KwaZulu-Natal is a combination

of natural wonders, fascinating culture and ultramodern facilities.

Durban’s Golden Mile skirts the main beaches of the Indian Ocean.

Drawcards include an amusement centre, paddling pools, paved

walkways and fountains.

Key attractions

• The uShaka Marine World theme park comprises an oceanarium,

dolphinarium and oceanographic research institute situated on

Durban’s Point.

• Spot dolphins or laze the days away on the coastline between

the Umdloti and Tugela rivers – the Dolphin Coast.

• The Hluhluwe-Umfolozi Park, one of the largest gameparks in

South Africa, is home to the Big Five, as well as cheetah and

wild dogs.

KwaZulu-Natal is one of the country’s most popular holiday destinations. This verdant region includes South Africa’s lush subtropical east coast.

KWAZULU-NATAL

PROVINCES


• The eMakhosini Valley, birthplace of King Shaka, and the

Valley of Zulu Kings give visitors insight into the Zulu

nation’s history and culture.

• The iSimangaliso Wetland Park is one of the highest

forested dunes in the world, and has an abundance of fish

and birds.

• The Royal Natal National Park offers many scenic

highlights, including the Amphitheatre, Mont-aux-Sources

and the Tugela falls.

• The Battlefields Route in northern KwaZulu-Natal has the

highest concentration of battlefields and related military

sites in South Africa.

• Every year around June or July, millions of sardines

leave their home on the Agulhas banks and move up to

the coast of Mozambique. Thousands of dolphins, Cape

gannets, sharks and game fish follow the “sardine run”

northwards.

www.kznonline.gov.za

WEBSITE:

PROVINCES

Capital: Pietermaritzburg


isiZulu 80,9%

English 13,6%

Afrikaans 1,5%



Area: 92 100 km2


(Acknowledgement: Pocket Guide to South Africa, Published by the

Government Communication and Information System)

Named after the Limpopo River that flows along its northern

border, the province is rich in wildlife, spectacular scenery and a

wealth of historical and cultural treasures.

This province is in the Savanna Biome, an area of mixed

grassland and trees, which is generally known as bushveld. The

province’s natural resources include more than 50 provincial

reserves, as well as several private game reserves. The largest

section of the Kruger National Park is situated along the eastern

boundary of Limpopo with Mozambique.

TOURISM

Limpopo is well endowed with cultural diversity, historical sites

and tourist attractions, and is an excellent destination for get-

away-from-it-all luxury holidays in the bush.

Key attractions

• The Mokopane vicinity has several nature reserves. The Arend

Dieperink Museum offers a fine cultural-historical collection,

while the Makapan caves are famous for their fossils. The

Makapan Valley is the only cultural-heritage site of its kind. It

reflects the history of the Ndebele people and resistance wars

Taking its name from the mighty Limpopo River, this is South Africa’s northernmost province. Mining is alarge part of the economy, as istourism and the cultivation ofsubtropical fruits.

PROVINCES

LIMPOPO


dating back 151 years. The fossil hominid sites of Sterkfontein

include Makapan Valley.

• With its outstanding game reserves, the Thabazimbi district is

one of the fastest-growing ecotourism areas in South Africa.

• Bela-Bela is well known among South Africans, and

increasingly foreigners, for its hot-water springs, fun water

slides and scenery.

• The Waterberg mountain range is rich in indigenous trees,

streams, springs, wetlands, birdlife and dramatic vistas.

• The Modjadji Nature Reserve, north of Tzaneen, is named

after the legendary rain queen, Modjadji, who inspired Rider

Haggard’s She.

• Phalaborwa has one of the country’s top-rated golf courses –

just watch out for animals on the fairways.

• The Schoemansdal Voortrekker Town and Museum, a short

drive west of Makhado, are built on the site of an original

Voortrekker village and depict their lifestyle in the mid-18th

century. www.limpopo.gov.za

WEBSITE:

PROVINCES

Capital: Polokwane


Sesotho sa leboa 52,1%

Xitsonga 22,4%

Tshivenda 15,9%

Population: 5 404 868 (census, 2011)

% Share of the total population: 10,98%

Area: 123 910 km2


(Acknowledgement: Pocket Guide to South Africa, Published

by the Government Communication and Information System)


The area has a network of excellent roads and railway connections,

making it highly accessible.

Because of its popularity as a tourist destination, Mpumalanga is also

served by a number of small airports, such as the Kruger Mpumalanga

International Airport.

Mbombela (Nelspruit) is the capital of the province, and the

administrative and business centre of the Lowveld. Other important

towns are eMalahleni (previously Witbank), Standerton, Piet Retief,

Malelane, Ermelo, Barberton and Sabie.

Mpumalanga falls mainly within the Grassland Biome. The escarpment

and the Lowveld form a transitional zone between this grassland area

and the Savanna Biome.

TOURISM

Mpumalanga lies in the north-eastern part of South Africa, bordered

by Mozambique to the east and the Kingdom of Swaziland to the

south-east. Scenic beauty and wildlife are abundant.

Key attractions

• Historical sites and villages, old wagon routes and monuments

mark the lives of the characters who came to Mpumalanga seeking

their fortune. The town of Pilgrim’s Rest is a living monument

reflecting the region’s gold-fever period.

• The Blyde River Canyon Nature Reserve near Graskop has striking

rock formations and a rich diversity of plants.

• Within the Blyde River Canyon Nature Reserve, the Bourke’s Luck

potholes were formed by river erosion and the action of flood

water. The spectacular Blyde River Canyon is a 26-km long gorge

carved out of the face of the escarpment. It is the world’s third-

largest canyon and the only green canyon.

Mpumalanga means “Place Where the Sun Rises”. Due to the province’s spectacular scenic beauty and abundance of wildlife, it is one of South Africa’s major tourist destinations.

MPUMALANGAPROVINCES


• The region includes the southern section of the Kruger National

Park, which draws a million visitors yearly.

• An annual frog-watching festival is held at Chrissiesmeer, South

Africa’s largest freshwater lake.

• Dullstroom is popular with trout- and fly-fishing enthusiasts.

Capital: Mbombela (Nelspruit)


siSwati 30,8%

isiZulu 26,4%

isiNdebele 12,1%



Area: 79 490 km2




www.mpumalanga.gov.za

WEBSITE:

PROVINCES


NORTHERN CAPE

The Northern Cape is the largest province in South Africa, (slightly

bigger than Germany) – taking up almost a third of the country’s total

land area.

The province is noted for its San rock art, diamond diggings, 4x4

safaris and the Kgalagadi Transfrontier Park. It is a vast stretch of

semi-desert land.

The distance from the capital, Kimberley, on the eastern border to

Springbok in the west, is more than 900 km. It is a large, dry region of

fluctuating temperatures and varying topographies.

The Northern Cape lies to the south of the Orange River, which

provides the basis for a healthy agricultural industry.

Away from the Orange, the landscape is characterised by vast arid

plains with outcroppings of rock piles.

The province is renowned for its spectacular display of spring flowers,

which, for a short period every year, attracts thousands of tourists.

Agriculture is one of the mainstay sectors of the Northern Cape’s

economy and is therefore critical in economic planning.

TOURISM

The Augrabies Falls National Park, with its magnificent falls

pressing through a narrow rock ravine, remains the main

attraction of the Northern Cape. Game drives reveal a variety of

birdlife and animals such as klipspringer, steenbok, wild cats and

otters.

Key attractions

• The Kimberley Mine Museum is South Africa’s largest full-

scale open-air museum. Underground mine tours are a big

attraction. The Freddy Tate Golf Museum at the Kimberley

The Northern Cape, the largest and leastpopulated of South Africa’s nine provinces is famous for its diamonds. An extensive fishing industry occurs on the Atlantic coast.

PROVINCES


www.northern-cape.gov.za

WEBSITE:

PROVINCES

Golf Club was the first golfing museum in Africa. The Kimberley

Ghost Trail has become a popular tourist attraction.

• The Robert Sobukwe House in Galeshewe was once the residence

of Sobukwe, an important figure in South African history and a

major role player in the rise of African political consciousness.

• The Orange River Wine Cellars Coop in Upington offers

wine-tastings and cellar tours. The South African Dried Fruit

Cooperative is the second-largest in the world.

• Moffat’s Mission in Kuruman is a tranquil place, featuring the

house of missionary Robert Moffat, whose son-in-law was

explorer David Livingstone.

• Namaqualand, the land of the Nama and San people, puts on a

spectacular show in spring when its floral splendour covers vast

tracts of desert in a riot of colour.

• A cultural centre at Wildebeestkuil outside Kimberley features

!Xun and Khwe artwork for sale and a tour of rock engravings by

these indigenous people.

• The 100-m high, 9-km long and 2-km wide white sand dune at the

Witsand Nature Reserve near Postmasburg should not be missed.

Capital: Kimberley


Afrikaans 68%

Setswana 20,8%

isiXhosa 2,5%



Area: 361 830 km2


(Acknowledgement: Pocket Guide to South Africa, Published by the

Government Communication and Information System)

DIAMOND STRATEGYSw

iftPr

int,

5768

6

NORTHERN CAPEThe Northern Cape Diamond Strategy is a mineral beneficiaty strategy that aims to transform and diversify the Northern Cape provincial economy through diamond and jewellery beneficiation by developing scarce industry skills, creating job opportunities and capacitating potential entrepreneurs.

NORTHERN CAPE DIAMOND STRATEGY

The intent of the diamond strategy is to localise maximum benefit of the diamond pipeline and to render services to enable Africa to fulfil its socio-economic responsibilities. The objective is to establish a Centre of Excellence for:

• DiamondCuttingandPolishing• JewelleryManufacturing• IndustryRelatedServices

KIMBERLEY DIAMOND AND JEWELLERY HUB

The purpose of the Hub is to create a competitive advantage for local beneficiation in an incentivised area that will attract local and foreign beneficiators who will cut and polish diamonds and manufacture jewellery for export and local markets. The Hub will provide the industry with an internationally competitive, serviced, secure and incentivised facility in Kimberley. Investment OpportunitiesKimberley International Diamond and Jewellery Academy

• ToestablishaResearch,TechnologyandInnovationcentre• ToestablishaDiamondandJewelleryincubationcentre• Jointventurepartnershipsintermsofspecialisttrainers(mastercutters)

Kimberley Diamond and Jewellery Hub• CuttingandPolishingforexportandlocalmarkets• Jewellerymanufacturingforexportandlocalmarkets• DiamondTrading• DiamondandJewelleryrelatedservices

www.experiencenortherncape.com

Private Bag X6108, Kimberley, South Africa, 8300 TEL:+27(0)538394067•FAX:+27(0)538311141Contact Felicity Links - E-mail: [email protected]

DIAMOND STRATEGY

Swift

Prin

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686

NORTHERN CAPEThe Northern Cape Diamond Strategy is a mineral beneficiaty strategy that aims to transform and diversify the Northern Cape provincial economy through diamond and jewellery beneficiation by developing scarce industry skills, creating job opportunities and capacitating potential entrepreneurs.

NORTHERN CAPE DIAMOND STRATEGY

The intent of the diamond strategy is to localise maximum benefit of the diamond pipeline and to render services to enable Africa to fulfil its socio-economic responsibilities. The objective is to establish a Centre of Excellence for:

• DiamondCuttingandPolishing• JewelleryManufacturing• IndustryRelatedServices

KIMBERLEY DIAMOND AND JEWELLERY HUB

The purpose of the Hub is to create a competitive advantage for local beneficiation in an incentivised area that will attract local and foreign beneficiators who will cut and polish diamonds and manufacture jewellery for export and local markets. The Hub will provide the industry with an internationally competitive, serviced, secure and incentivised facility in Kimberley. Investment OpportunitiesKimberley International Diamond and Jewellery Academy

• ToestablishaResearch,TechnologyandInnovationcentre• ToestablishaDiamondandJewelleryincubationcentre• Jointventurepartnershipsintermsofspecialisttrainers(mastercutters)

Kimberley Diamond and Jewellery Hub• CuttingandPolishingforexportandlocalmarkets• Jewellerymanufacturingforexportandlocalmarkets• DiamondTrading• DiamondandJewelleryrelatedservices


Private Bag X6108, Kimberley, South Africa, 8300 TEL:+27(0)538394067•FAX:+27(0)538311141Contact Felicity Links - E-mail: [email protected]

According to the latest Merrill Lynch and Capgemini annual report, sub-Saharan economies are currently amongst the fastest growing in the world. The Northern Cape Province is the largest province in South Africa and offers create investment opportunities in various thriving industries, including mining and mineral processing, agriculture and agro-processing, fishing and mariculture, manufacturing and value-added processing.

It is located in the western part of South Africa and borders in the north-west with Namibia. It consists of five district municipalities and 26 local municipalities. The geo-graphical area of the province is 362 591.41square kilometres, covering just over 30% of South Africa.

MINING AND MINERAL PROCESSINGThe vibrant mining and agricultural industries in the Northern Cape are the dominant economic contributors with the mining sector responsible for 26,1% of the provincial GDP, while the agricultural sector remaining the biggest employer and generating 7,4% of the GDP for the Northern Cape.

The vast mineral wealth of the Northern Cape continues to create extensive development and mineral beneficiation opportunities with major mining expansion on the cards for the John Taolo Gaetsewe district. In the previous financial year, the province allocated R26-million to the development of the Kimberley Diamond and Jewellery Hub. Kimberley remains the diamond capital of the country with 95% of diamond production passing through the city and almost all of South African alluvial diamond mining activities take place within a 200km radius of the City of Diamonds.

The recent opening of the Kimberley International Diamond and Jewellery Academy promises to have huge ramifications for the industry, both in terms of job creation and economic growth. The Northern Cape boasts significant percentages of the world’s total lead, iron ore and manganese deposits. Huge beneficiation and value-added production opportunities exist within the province in this sector, ranging from diamond cutting and jewellery manufacturing to iron reduction plants, establishing steel mills and various metal smelters.

INVESTMENT OPPORTUNITIES• Manufacturingandprocessingofrawminingmaterialssuchaslead,iron,manganese,copperdiamonds,gemstones,ironoreandgranite• Beneficiationofpreciousandsemi-preciousstonesandmineralsfordiamonds,Tiger’sEye,sugilite,topaz,rosequartz,jasper,chrysoberyl,amethysts,agate, amazoniteandpicturestones.• Diamondcuttingandpolishingaswellasjewellerymanufacturing.

RENEWABLE ENERGYIn line with the national government’s priority to a green economy, renewable energy presents numerous exciting investment prospects. The province is actively exploring alternative sources of energy, specifically centred around solar, wind and nuclear sources. Plans are already underway to build a massive solar park capable of generating 8% of the country’s electricity needs near Upington. A pre-feasibility study has found that South Africa has one of the best solar resources on the planet and this solar park could change the region’s economic landscape from reliance on agriculture and mining to include other sectors such as renewable energy and the manufacturing of solar-related components. It is already estimated that this initiative could generate up to 800 permanent jobs and 3000 temporary construction jobs, which could positively counteract unemployment in the province.

Swift

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INVESTMENT OPPORTUNITIESAGRICULTURE AND AGRO-PROCESSINGThe vibrant agricultural and agro-processing industries also offer viable development scenarios in the food processing sector, irrigation development, crops and product range expansion for export and niche markets. The fishing and mariculture industries also present an ideal environment for growth and investment as the west coast of the Northern Province offers favourable biological conditions, excellent shore-based infrastructure and a strong research and development base for potential ventures.

TRADE AND INVESTMENT OPPORTUNITIES:HIGH IMPACT PROJECTS• UpingtonCargoHub • PortNollothDeepwaterHarbour • UpingtonAirportMothBalling • PortNollothandHondeklipBayHarbourandFishingProjects

TOURISM DEVELOPMENTThe Northern Cape provincial government has also identified the vibrant tourism sector as one of huge potential growth and has implemented strategies to expand their domestic and international markets as well as increasingly appealing to the adventure sports travellers and eco-tourists.

The Northern Cape provincial government has specifically addressed destination enabling conditions by improving infrastructure, investing in training and development of tourism service providers, setting stringent service standards and developing new tourism routes. The infrastructure of the province offers easy aerial access with two centrally located airports, including the Upington International Airport with one of the longest runways in the world and Kimberley airport. Direct flights are available, which are extremely important for chartered flights and incentive groups. The province has a well-establishednationalroadnetworklinkingmajoraccessroutesfromtheWesternCapeandGautengtoneighbouringcountriesNamibiaandBotswana.

INVESTMENT OPPORTUNITIES• FurtherdevelopmentatVanderkloofDamNatureReserves,includingRolfontein,DoringkloofaswellasNamaqualandProvincialNatureReserveand Wildebeeskuil Rock Art Centre• Tourismdevelopmentopportunitiesatsevenpotentialtourismclusterscentredaroundculture,space,oasis,diamonds, outdoor adventures, rivers, grapes, the Atlantic ocean and wild flowers.

NORTHERN CAPE A LAND OF OPPORTUNITIES

• AdventureSport• Bloodhound• SKA-Meerkat• UpingtonSolarPark-RenewableEnergy• RooibosTeaPlantation


Private Bag X6108, Kimberley, South Africa, 8300 TEL: +27 (0)53 839 4067 • FAX: +27 (0)53 831 1141Contact Felicity Links - E-mail: [email protected]

According to the latest Merrill Lynch and Capgemini annual report, sub-Saharan economies are currently amongst the fastest growing in the world. The Northern Cape Province is the largest province in South Africa and offers create investment opportunities in various thriving industries, including mining and mineral processing, agriculture and agro-processing, fishing and mariculture, manufacturing and value-added processing.

It is located in the western part of South Africa and borders in the north-west with Namibia. It consists of five district municipalities and 26 local municipalities. The geo-graphical area of the province is 362 591.41square kilometres, covering just over 30% of South Africa.

MINING AND MINERAL PROCESSINGThe vibrant mining and agricultural industries in the Northern Cape are the dominant economic contributors with the mining sector responsible for 26,1% of the provincial GDP, while the agricultural sector remaining the biggest employer and generating 7,4% of the GDP for the Northern Cape.

The vast mineral wealth of the Northern Cape continues to create extensive development and mineral beneficiation opportunities with major mining expansion on the cards for the John Taolo Gaetsewe district. In the previous financial year, the province allocated R26-million to the development of the Kimberley Diamond and Jewellery Hub. Kimberley remains the diamond capital of the country with 95% of diamond production passing through the city and almost all of South African alluvial diamond mining activities take place within a 200km radius of the City of Diamonds.

The recent opening of the Kimberley International Diamond and Jewellery Academy promises to have huge ramifications for the industry, both in terms of job creation and economic growth. The Northern Cape boasts significant percentages of the world’s total lead, iron ore and manganese deposits. Huge beneficiation and value-added production opportunities exist within the province in this sector, ranging from diamond cutting and jewellery manufacturing to iron reduction plants, establishing steel mills and various metal smelters.

INVESTMENT OPPORTUNITIES• Manufacturingandprocessingofrawminingmaterialssuchaslead,iron,manganese,copperdiamonds,gemstones,ironoreandgranite• Beneficiationofpreciousandsemi-preciousstonesandmineralsfordiamonds,Tiger’sEye,sugilite,topaz,rosequartz,jasper,chrysoberyl,amethysts,agate, amazoniteandpicturestones.• Diamondcuttingandpolishingaswellasjewellerymanufacturing.

RENEWABLE ENERGYIn line with the national government’s priority to a green economy, renewable energy presents numerous exciting investment prospects. The province is actively exploring alternative sources of energy, specifically centred around solar, wind and nuclear sources. Plans are already underway to build a massive solar park capable of generating 8% of the country’s electricity needs near Upington. A pre-feasibility study has found that South Africa has one of the best solar resources on the planet and this solar park could change the region’s economic landscape from reliance on agriculture and mining to include other sectors such as renewable energy and the manufacturing of solar-related components. It is already estimated that this initiative could generate up to 800 permanent jobs and 3000 temporary construction jobs, which could positively counteract unemployment in the province.

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INVESTMENT OPPORTUNITIESAGRICULTURE AND AGRO-PROCESSINGThe vibrant agricultural and agro-processing industries also offer viable development scenarios in the food processing sector, irrigation development, crops and product range expansion for export and niche markets. The fishing and mariculture industries also present an ideal environment for growth and investment as the west coast of the Northern Province offers favourable biological conditions, excellent shore-based infrastructure and a strong research and development base for potential ventures.

TRADE AND INVESTMENT OPPORTUNITIES:HIGH IMPACT PROJECTS• UpingtonCargoHub • PortNollothDeepwaterHarbour • UpingtonAirportMothBalling • PortNollothandHondeklipBayHarbourandFishingProjects

TOURISM DEVELOPMENTThe Northern Cape provincial government has also identified the vibrant tourism sector as one of huge potential growth and has implemented strategies to expand their domestic and international markets as well as increasingly appealing to the adventure sports travellers and eco-tourists.

The Northern Cape provincial government has specifically addressed destination enabling conditions by improving infrastructure, investing in training and development of tourism service providers, setting stringent service standards and developing new tourism routes. The infrastructure of the province offers easy aerial access with two centrally located airports, including the Upington International Airport with one of the longest runways in the world and Kimberley airport. Direct flights are available, which are extremely important for chartered flights and incentive groups. The province has a well-establishednationalroadnetworklinkingmajoraccessroutesfromtheWesternCapeandGautengtoneighbouringcountriesNamibiaandBotswana.

INVESTMENT OPPORTUNITIES• FurtherdevelopmentatVanderkloofDamNatureReserves,includingRolfontein,DoringkloofaswellasNamaqualandProvincialNatureReserveand Wildebeeskuil Rock Art Centre• Tourismdevelopmentopportunitiesatsevenpotentialtourismclusterscentredaroundculture,space,oasis,diamonds, outdoor adventures, rivers, grapes, the Atlantic ocean and wild flowers.

NORTHERN CAPE A LAND OF OPPORTUNITIES

• AdventureSport• Bloodhound• SKA-Meerkat• UpingtonSolarPark-RenewableEnergy• RooibosTeaPlantation


Private Bag X6108, Kimberley, South Africa, 8300 TEL: +27 (0)53 839 4067 • FAX: +27 (0)53 831 1141Contact Felicity Links - E-mail: [email protected]


WESTERN CAPE

Cape Town, the legislative capital, is one of the world’s most

beautiful cities and is a must-see for tourists. Other important

towns in the province include Worcester and Stellenbosch,

known for their winelands; George, renowned for indigenous

timber and vegetable produce and for its world-class golf

courses; and Oudtshoorn, known for its ostrich products and

the celebrated Cango caves.

TOURISM

The Western Cape continues to be one of the destinations

most favoured by foreigners. Some attractions in Cape Town

are:

• the Victoria and Alfred Waterfront

• the Company’s Gardens

• the District Six Museum

• the houses of Parliament and the South African National Gallery

• a boat trip to Robben Island, the place where former

President Nelson Mandela spent most of his 27 years in jail.

Table Mountain is a popular site for visitors and provides a

majestic backdrop to the vibrant and friendly “Mother City”.

The top of the mountain can be reached by an ultramodern

cableway.

Cape Point, part of the Table Mountain National Park, offers many

drives, walks, picnic spots and a licensed restaurant. The park has a

marine protected area encompassing almost 1 000 km2.

Newlands is home to Kirstenbosch National Botanical Garden.

Hout Bay is well known for its colourful working harbour,

seafood outlets, round-the-bay trips to the nearby Seal Island,

and a harbour-front emporium that attracts many visitors.

The Cape winelands feature dramatic mountains, rolling

farmlands and peaceful vinyards. They are home to Rout 62, the

world’s longest wine route in the Western Cape.

The Western Cape’s natural beauty, complemented by its hospitality, cultural diversity, excellent wine and colourful cuisine, make the province one of the world’s greatest tourist attractions.

PROVINCES


Superb accommodation is available in historic towns such

as Paarl, Stellenbosch and Franschhoek, as well as on

many estates and farms.

GARDEN ROUTE

The Garden Route has well-developed tourist

infrastructure, spectacular scenery and a temperate

climate, making the region popular all year round.

Key attractions

• The city of George is at the heart of the Garden Route

and the mecca of golf in the southern Cape. It is home

to the renowned Fancourt Country Club and Golf

Estate.

• Knysna, nestling on an estuary, is one of South Africa’s

favourite destinations, known for its indigenous forests,

lakes and beaches.

• Just 29 km from Oudtshoorn, the ostrich-feather capital

of the world, at the start of the Cango Valley, lie the

Cango caves, the only show caves in Africa that offer

a choice of tours in various languages. The remarkable

caves are a series of 30 spectacular subterranean

limestone caverns. The cave system is 5,3 km long.

CENTRAL KAROO

The Central Karoo forms part of one of the world’s most

interesting and unique arid zones. This ancient, fossil-rich

land, with the richest desert flora in the world, also has

the world’s largest variety of succulents.

Key attractions

• Matjiesfontein, a tiny railway village in the Karoo,

offers tourists a peek into the splendour of colonial

Victorian South Africa.

• Prince Albert is a well-preserved town, which nestles

at the foot of the Swartberg mountains. The Fransie

Pienaar Museum offers interesting cultural-history

displays, a fossil room and an exhibit of gold-mining

activities in the 19th century.

• The museum in Beaufort West, birthplace of heart

surgeon Prof. Chris Barnard, depicts the story of the

world’s first heart transplant.

• The Karoo National Park on the outskirts of the town

is also worth a visit.

www.westerncape.gov.za

WEBSITE:

PROVINCES

Capital: Cape Town


Afrikaans 55,3%

isiXhosa 23,7%

English 19,3%



Area: 129 370 km2





NORTH WEST

The province boasts a year-round sunny climate, exciting wildlife

destinations such as the Pilanesberg National Park and Madikwe

Game Reserve, various cultural and historical attractions, as well

as popular tourist destinations such as Sun City.

North West is centrally located on the subcontinent with direct

road and rail links to all southern African countries, and with its

own airport near the capital city, Mahikeng (previously Mafikeng).

Most economic activity is concentrated in the southern region

(between Potchefstroom and Klerksdorp), Rustenburg, and the

eastern region, where more than 88,3% of gross domestic product

per region of the province is generated.

TOURISM

The province abounds with attractions, including wild animals and

fun nights at the famous Sun City and Lost City resorts, which

offer, among other things, gambling, golf and an artificial sea.

Key attractions

• The Historic Route of Mahikeng includes the town of Mahikeng,

which was besieged by the Boers during the Anglo-Boer/South

African War.

• The Groot Marico region, mampoer (moonshine) country, is

associated with author Herman Charles Bosman.

• The Hartbeespoort Dam and surrounds are popular for weekend

outings, yachting and golf.

• The Pilanesberg National Park is situated in the transition zone

between the Kalahari and the Lowveld. It is home to the Big

Five, an abundance of animals and over 300 bird species. It is

the fourth-largest park in South Africa.

North West lies in the north of South Africa, on the Botswana border, fringed by the Kalahari desert in the west, Gauteng to the east, and the Free State to the south. It is known as the “Platinum Province” for the wealth of the metal it has underground.

PROVINCES

• The Taung Skull Fossil Site is an extension of the

Sterkfontein hominid sites. The site marks the place

where the celebrated Taung skull – a specimen of the

species Australopithecus africanus – was found in 1924.

• Madikwe Game Reserve, one of South Africa’s largest

game reserves, is home to 66 large mammal species,

including the Big Five, and about 300 resident and

migrant bird species.

Capital: Mahikeng


Setswana 65,4%

Afrikaans 7,5%

isiXhosa 5,8%



Area: 116 320 km2


(Acknowledgement: Pocket Guide to South Africa,

Published by the Government Communication and

Information System)

www.nwpg.gov.za

WEBSITE:

PROVINCES

INVEST in NORTH WEST

I N V E S TN O R T H W E S T

S O U T H A F R I C A

... the heartbeat of trade and investment

“Invest North West is the Trade and Investment Promotion agency for the North West Province, focusing oninvestment promotion, trade and investment facilitation and by providing business retention and expansion services.”

t: 014 594 2570 • f: 014 594 2575 • www.inw.org.za • po box 6352, rustenburg, 0300

Invest North West Company profile Invest North West, the official trade and investment promotion agency for the North West Province, invites you to invest

in one of South Africa’s fastest growing provinces. Join other international and local major corporations by choosing the

North West Province as the preferred destination for your new business venture or to invest in many of the rewarding

investment opportunities available in various sectors of the economy.

The passionate and dedicated staff at Invest North West provide vision and direction to key growth sectors within the

North West by focusing on trade and investment facilitation, and the provision of proactive business retention and

expansion services to established local and international businesses.

Committed to providing the highest standard of service, the following services are provided to new and existing

investors in the province:

• Identifying and packaging viable investment opportunities

• Facilitating joint-venture and equity partnerships

• Providing information on financing options and investment incentives

• Providing advice on feasibility studies and business plans

• Assisting investors to obtain work and business permits

• Providing assistance in obtaining suitable land or factory space

• Assisting existing firms to expand and reinvest

• Assisting companies to find export markets for their products

• Promote products from the North West Province to increase exports

• Advocate investment conditions and environment conducive to growth

Visit our website to learn of available investment opportunities in the North West Province and to subscribe to our

quarterly e-newsletter: www.inw.org.za

Invest North West – the heartbeat of trade and investment.

+27 14 594 2570

Invest North West Company profile Invest North West, the official trade and investment promotion agency for the North West Province, invites you to invest

in one of South Africa’s fastest growing provinces. Join other international and local major corporations by choosing the

North West Province as the preferred destination for your new business venture or to invest in many of the rewarding

investment opportunities available in various sectors of the economy.

The passionate and dedicated staff at Invest North West provide vision and direction to key growth sectors within the

North West by focusing on trade and investment facilitation, and the provision of proactive business retention and

expansion services to established local and international businesses.

Committed to providing the highest standard of service, the following services are provided to new and existing

investors in the province:

• Identifying and packaging viable investment opportunities

• Facilitating joint-venture and equity partnerships

• Providing information on financing options and investment incentives

• Providing advice on feasibility studies and business plans

• Assisting investors to obtain work and business permits

• Providing assistance in obtaining suitable land or factory space

• Assisting existing firms to expand and reinvest

• Assisting companies to find export markets for their products

• Promote products from the North West Province to increase exports

• Advocate investment conditions and environment conducive to growth

Visit our website to learn of available investment opportunities in the North West Province and to subscribe to our

quarterly e-newsletter: www.inw.org.za

Invest North West – the heartbeat of trade and investment.

+27 14 594 2570


he North West province of South Africa is characterised

by the perfect blend of rich stretches of fertile soil fit for

livestock, crop farming and agri-business and the bustle

of our main centra where mining, manufacturing and the

services sector abound.

We invite the serious investor to explore the many pioneering opportunities

that are ready for the taking in the North West province – a province of

rich potential and untapped opportunities in the sectors of manufacturing,

mining and mineral beneficiation, tourism, information technology,

agriculture, agribusiness, infrastructure development and renewable energy.

Its location is one of the North West province’s greatest natural

advantages. The North West province is bordered by Botswana to

the west and nestled against Gauteng to the east. The N4 highway

runs through the North West province and forms part of the Maputo-

Walvis Bay corridor connecting these ports and thus the east and

west coasts of southern Africa. The North West province is therefore

centrally located within the Southern African Development region

due to its strategic location, and offers great access for trade and

exports into the African continent.

During 2012, the North West province identified 10 key projects

which have the potential to set the province on a steady growth path

through industrialisation.

The 10 projects have been identified for the strategic investment

opportunities they offer, for their high comparative advantage

and the high growth performance indices of the identified sectors.

The North West province invites investors, especially those

seeking public-private partnerships to engage with the province

on the opportunities that exist for investing in the 10 projects of

infrastructure development; cattle beneficiation; maize milling; a

mining supply park; and six sector development zones in metal

fabrication, automotive components, platinum beneficiation, plastics

and chemicals, the electronic sector and the business processes

services sector.

I wish all BRICS Summit delegates and exhibitors a glorious and

fruitful stay in our beautiful country. We look forward to welcoming

you in the North West province in the near future.

MOJALEFA NALEACTING CEO INVEST NORTH WEST

Invest in the North West Province, South Africa


T

Albert Luthuli International Convention Centre, Durban, KwaZulu-Natal

Image courtesy of MediaClubSouthAfrica

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