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Prospects for Greek Entrepreneurship in Sub-Sahara Africa

Prospects for Greek Entrepreneurship in Sub-Sahara Africa. SOUTH AFRICA. EU Council President Herman Van Rompuy. "I hope the Summit [EU-Africa Summit 2014] will mark a new stage in our relationship with Africa.”

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Prospects for Greek Entrepreneurship in Sub-Sahara Africa

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  1. Prospects for Greek Entrepreneurship in Sub-Sahara Africa SOUTH AFRICA

  2. EU Council PresidentHerman Van Rompuy • "I hope the Summit [EU-Africa Summit 2014] will mark a new stage in our relationship with Africa.” • “It was time for a ‘shift from development cooperation to a partnership of equals with trade and investment playing a key role."

  3. Geert Laporte of the European Centre for Development Policy Management. "In just a few years Africa has become an attractive bride that can choose among several candidates."

  4. Foreign Policy, Regions, EPA • EPA: • Negotiations for an Economic Partnership Agreement (EPA) with the EU continue. It is imperative that the EPA should support the South African Government’s objectives of strengthening regional integration and promoting domestic industrial development and job creation.

  5. South Africa, Africa, NEPAD • Africa FTA: • Ongoing negotiations to establish the Tripartite FTA (COMESA, EAC, SADC) will combine the three major regional economic communities of 600 million people and combined GDP of USD$1 trillion, as building blocks towards continental integration. Once established, the T-FTA will contribute to economies of scale, the building of new distribution channels, value addition and manufacturing in Africa.

  6. South Africa: • Open economy. • A resilient and diversified international economy: • Statistics for the period 1982 to 2012 show that South Africa’s GDP growth follows global GDP growth trends. • On average, the economy has grown at 3.2 percent a year from 1994 to 2012, despite the global setback of the 2008 recession.

  7. Export/Import: • Export contributions are still below the 31% level reached in 2008 • Imports stand at 36% of GDP • Most important imports are fuels, machinery and equipment, autos, medical equipment, medicines • Most important exports are commodities, autos, agro produce, the mining value chain

  8. South Africa's total road network is about 754 000 kilometers, of which over 70 000km are paved or surfaced roads. South Africa has an extensive rail network – the 10th lengthiest in the world – connecting with networks in the sub-Saharan region. More than 50 airlines, making around 230 000 aircraft landing, and carrying about 33m passengers a year, move through South Africa’s 10 principal airports. The Port of Ngqura is being developed off the coast of Port Elizabeth in the Eastern Cape and is set to be the deepest container terminal in Africa. South Africa - global perspective Source: South Africa Geared for Growth, 2010

  9. Of 14 emerging markets; Australia, Canada, Russia, Mexico, China, Poland, Spain, India, Korea, Brazil, SA, Colombia Chile & Argentina South Africa is: 2ndmost sophisticated financial market 2ndlowest effective business tax rate 4thranked for ease of accessing capital 4thranked i.t.o. the cost of capital 6thranked for infrastructure 7thfor FDI as a % of GDP South Africa – emerging market perspective Source: Brazil National Confederation of Industry. Competition Brazil 2010: A Comparison of selected countries

  10. The JSE Securities Exchange one of the world’s top 20 exchanges. 1stfor the regulation of securities exchange, strength of auditing & reporting standards by Global Competitiveness Report. 34thout of 183 countries in the World Bank Ease of Doing Business 2011 2ndin the ease of getting credit 2ndforgood practice in protecting both borrowers and lenders 10thininvestor protection Economic Achievements Source: SouthAfrica.info

  11. 54thout of 139 countries in the World Economic Forum’s Global Competitiveness Index. 9thinfinancial market development 27thin the protection of intellectual property Economic Achievements

  12. Africa is becoming more attractive... Source: Ernst & Young’s Africa attractiveness survey

  13. South Africa’s FDI Composition Source: The Financial Times Ltd

  14. INVESTMENT ENVIRONMENT & OPPORTUNITIES

  15. Spatial Development Initiatives In South Africa PLATINUM SDI PHALABORWA SDI MAPUTO LUBOMBO SDI KWAZULU- NATAL SDI. WEST COAST INVESTMENT INITIATIVE WILD COAST SDI FISH RIVER SDI

  16. TAZARA Development Corridor MALANGE Development Corridor LOBITO Development Corridor NACALA Development Corridor BEIRA Development Corridor NAMIBE Development Corridor Walvis Bay Dev. Corridor MAPUTO Development Corridor COAST-TO-COAST Corridor LUBOMBO SDI Possible Development Corridors & SDIs in SADC

  17. South Africa: Role in Africa Moving In Major investment projects in other African nations by South African businesses since the end of apartheid Energy & Oil Aviation Telecommunications Manufacturing Hotels & Retail Mining Source: Business Map; New York Times

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