Import Opportunities In South Africa - How to start an import and export business in South Africa is a question that many entrepreneurs wonder.
The following article will guide you on how to start an import and export business in South Africa. We also explain how to succeed in this business, what are the import opportunities in South Africa, business opportunities in South Africa in general. Here we look at South African import and export products and the real steps to take to start an international business.
Import Opportunities In South Africa
You will be equipped with a strong knowledge base that will help you be confident in your export-import business. This post will give you lots of export-import business ideas.
South Africa Import Data And Trade Data
South Africa has the same population as the UK and is one of the largest countries on the African continent. It is also the most developed African country.
Due to natural conditions, natural disasters and political upheavals, South Africa alone does not produce enough food, agricultural products and consumer goods to meet the needs of the people. This means good business opportunities and especially import opportunities in South Africa.
Currently, South Africa's main imports are products such as rice, coffee, pepper, coconuts, seafood, mobile phones, electronics, textiles, footwear... from Asia.
The purchasing power is high, but the quality and design requirements of Africans are moderate, not as strict as the EU, US, Japanese markets... So South Africa promises to be a new potential market, very interesting for SMEs.
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The South African market is characterized by increasing consumption of industrial goods and industrial production. Exports and imports increased in 2018, but the Rand, SA's currency, depreciated.
At the end of March 2018, South Africa's exports reached approximately 268.8 billion rand (equivalent to 21.5 billion US dollars); Imports reached 287.4 billion rand (equivalent to 23 billion US dollars), an increase of 9.1%.
South Africa's export performance for some key products in 2018: Mineral Products up 12%; Gems and metals increased by 15%; Metals grew by 19%; Vehicles and electronic equipment increased by 10%: vehicles decreased by 9%.
If you want to start exporting to South Africa, then you need to understand South Africa's export opportunities. The following are SA's main export commodities.
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In 2018, industrial production increased by 1.3%, namely: food and beverage group by 1.7%; The textile, footwear and footwear group increased by 1.4%; Paper and wood products were down 0.9%; Petroleum products and rubber and plastic chemicals increased by 1.7%; Glass and non-metallic mineral group decreased by 0.9%, metal and machinery group by 1.3%; The group of electrical appliances increased by 3.7%; The electronics group decreased by 1.7%, the vehicle group increased by 6.2%; The furniture group decreased by 3.9%.
Imports of some of South Africa's main products in 2018: Vegetable products decreased by 31%; Mineral products down 14%; Metals grew by 13%; Cars and electronic equipment increased by 6%; Vehicles increased by 12%. South Africa has huge import opportunities for small and medium enterprises.
If you want to start exporting to South Africa, then one way to enter the South African market is through a representative office. There the office can continue the marketing and sales activities of your business. Export-import companies wishing to open a representative office or branch office in South Africa require the following documents:
Employees working in branches or offices are issued work visas after the operation registration certificate is issued. The duration of the visa is usually one year and can be extended if necessary.
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Opening an office or branch is only one option for those who want to receive export orders from there, we think it is possible without representation. You can export directly from your country to South Africa and do export marketing in your country. Follow the steps below to export directly to SA.
Before you start exporting, you need to have a clear understanding of the product and the market you want to enter and the import opportunities available there. Think about whether your product is liked by local people? What products do local people need, what products are local distributors looking for.
To be more competitive, you either offer a product that is unique and has never been on the market, or you find a niche where there are not many competitors.
Finding these potential products requires you to monitor the market, learn about local customer problems, and find products that can solve those problems.
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Whether you are looking for materials or products to export, you need to find potential suppliers. This is the person or company that offers the best source of goods, the most affordable price and the most suitable criteria for the export market.
A good supplier will always supply the correct and sufficient quantity of goods and guarantee the quality when signing the contract. You may have relationships with large and well-known providers, but don't overlook smaller providers.
South Africa allows suppliers to choose from a variety of formats for distribution and sales. This includes using agents or distributors, or you can sell goods through wholesalers or traders, selling directly to department stores or retailers. Or you can set up your own branch or subsidiary company that can sell your goods directly.
When choosing a distributor, you should be very careful to see if the distributor has competing products. A number of exporters have been approached by large South African companies that are studying and competing with their products to directly supply their trusted products as a distribution channel.
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You can log into B2B channels or search the web for industry forums that interest you. You must be persistent and not discouraged, waiting for opportunities to find offers from potential customers. Make sure you have a list of local customers/agents signed up to buy the shipment before exporting to South Africa.
Goods exported to South Africa must be registered for customs within 7 days of arrival in South Africa. Flights announced or signed during this period will be included in the country's warehouse. Some items require an import permit from the South African Ministry of Industry and Trade. If a declaration is not submitted, the goods will be seized by customs.
Some items you want to bring into South Africa must have an import license/permit, such as used equipment, consumer goods (food, clothing, textiles, shoes, books, newspapers, etc.), wood products, all types of paper, fuel. . For automotive and aviation, petrochemical products, other industrial products and materials such as materials and equipment for vehicle manufacturing.
Certificate of Origin (C/O) or in South Africa it is called D/O (Declaration of Origin). It is prepared according to the DA-59 form, which confirms the country of origin of the goods. There is a need to operate some imported goods for South Africa, such as: all types of stainless steel cutlery (stainless steel tableware), kitchen utensils, household appliances, various bowls, jars with a diameter of not more than 70 mm; Uncoated iron and steel, motorcycle air filters, gasoline filters, motor oil, radio receivers, telephones, radios.
File:south Africa Import Partners 2013.svg
South African Customs informs the importer whether Form DA-59 is required and the importer informs the exporter. As soon as this form is required, the exporter or supplier must submit at least one original with the original commercial invoice attached. The C/O must not be certified by the Chamber of Commerce or certified by the Customs.
All relevant documents must be submitted to Customs and Excise, part of the South African Revenue Service before clearing the goods at the port of destination. Most types of goods to be exported must be declared on the "entry ticket" entry form.
- List of ZAR foreign currency and local currency exchange rates and the value of imported cargo at this rate: Customs Worksheet
- Import permit, if any: applies to goods subject to import management. The license number and license expiration date must be shown on the DA 500 form
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- Special Import License: A special or innovative import certificate that applies to goods subject to special inspection or permission by the relevant South African authorities.
- Transport documents: transport documents ("waybill (sea)", "air waybill (air)", "freight transit order (railway)", "way"sea ticket")
If all the submitted documents are valid and complete, the documents are printed by Customs (Customs and Excise Department), and the importer completes the payment of import duties and taxes. Customs (if applicable) and VAT, the goods are officially cleared
– Certificate of origin: (form DA59), used for certain types of goods, such as goods under anti-dumping investigation or goods eligible for import preferences under the provisions of Articles of the International Convention.
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Imported goods are usually cleared within 24 hours for air shipments and 2-3 days for sea shipments, depending on the port of entry.
In order to be able to transport goods, you must have a means of transportation
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