EU Council President Herman Van Rompuy

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2 EU Council President Herman Van Rompuy It was time for a shift from development cooperation to a partnership of equals with trade and investment playing a key role." (EU-Africa Summit 2014)

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 Africa is becoming more attractive...

5 DISCOVERING SOUTH AFRICA

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7 Republic of South Africa A constitutional democracy with a three-tier system of government and an independent judiciary, that combines parliamentary and presidential systems. Legislative authority is held by the Parliament of South Africa. The President of South Africa is the head of state and head of government and his Cabinet. The president is elected from the Parliament to serve a fixed term. The national, provincial (9) and local levels of government all have legislative and executive authority and in the South African Constitution are "distinctive, interdependent and interrelated".

8 EU South Africa FTA Greece and South Africa have a DTA and an agreement for the Protection of Capital and Investments MOU on Political Consultations Corporate tax 28% VAT 14%

9 Trade Agreements in Africa

10 ECONOMIC PARTNERSHIP AGREEMENT: Negotiations for an Economic Partnership Agreement (EPA) with the EU continue. The EPA should support the objectives of strengthening regional integration and promoting domestic industrial development and job creation.

11 South Africa is an open and diversified international economy. South Africa s GDP growth for the period 1982 to 2013 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.

12 Export/Import: Export contributions are still below the 31% level reached in 2008 Imports stand at 36% of GDP

13 SOUTH AFRICAN IMPORTS FROM THE WORLD (in Euro,000) Code Product label Imported value in 2011 Imported value in 2012 Imported value in 2013 TOTAL All products '27 Mineral fuels, oils, distillation products, etc '84 Machinery, nuclear reactors, boilers, etc '85 Electrical, electronic equipment '87 Vehicles other than railway, tramway '39 Plastics and articles thereof '90 Optical, photo, technical, medical, etc '30 Pharmaceutical products '29 Organic chemicals '38 Miscellaneous chemical products '72 Iron and steel '73 Articles of iron or steel '40 Rubber and articles thereof '28 Inorg chemicals, precious metal compounds '10 Cereals '48 Paper and paperboard, articles of pulp '64 Footwear, gaiters and the like, parts thereof

14 GREEK EXPORTS TO THE WORLD (in Euro,0000 Code Product label Exported value in 2011 Exported value in 2012 Exported value in 2013 TOTA L All products '27 Mineral fuels, oils, distillation products, etc '76 Aluminum and articles thereof '30 Pharmaceutical products '85 Electrical, electronic equipment '39 Plastics and articles thereof '20 Vegetable, fruit, nut, etc food preparations '08 Edible fruit, nuts, peel of citrus fruit, melons '84 Machinery, nuclear reactors, boilers, etc '15 Animal, vegetable fats and oils '03 Fish, crustaceans, molluscs, aquatic invertebrates '99 Commodities not elsewhere specified '74 Copper and articles thereof '72 Iron and steel '25 Salt, sulphur, earth, stone, plaster, lime, cement '52 Cotton '04 Dairy products, eggs, honey, edible animal product '24 Tobacco and manufactured tobacco substitutes '73 Articles of iron or steel

15 Product code Product label Greek imports from South Africa Value in 2011 Value in 2012 Value in 2013 TOTAL All products '74 Copper and articles thereof '87 Vehicles other than railway, tramway '03 Fish, crustaceans, molluscs, aquatic invertebrates '27 Mineral fuels, oils, distillation products, etc '08 Edible fruit, nuts, peel of citrus fruit, melons '39 Plastics and articles thereof '20 Vegetable, fruit, nut, etc food preparations '89 Ships, boats and other floating structures '72 Iron and steel '38 Miscellaneous chemical products '41 Raw hides and skins (other than fur skins) and leather '84 Machinery, nuclear reactors, boilers, etc '90 Optical, photo, technical, medical, etc apparatus '25 Salt, sulphur, earth, stone, plaster, lime and cement '85 Electrical, electronic equipment '32 Tanning, dyeing extracts, tannins, pigments '44 Wood and articles of wood, wood charcoal '31 Fertilizers '33 Essential oils, perfumes, cosmetics, toiletries '70 Glass and glassware '76 Aluminum and articles thereof

16 Product code Product label Greek exports to South Africa Value in 2011 Value in 2012 Value in 2013 TOTAL All products '85 Electrical, electronic equipment '30 Pharmaceutical products '95 Toys, games, sports requisites '84 Machinery, nuclear reactors, boilers, etc '99 Commodities not elsewhere specified '76 Aluminium and articles thereof '74 Copper and articles thereof '39 Plastics and articles thereof '20 Vegetable, fruit, nut, etc food preparations '15 Animal, vegetable fats and oils, cleavage products '31 Fertilizers '26 Ores, slag and ash '32 Tanning, dyeing extracts, tannins, pigments '08 Edible fruit, nuts, peel of citrus fruit, melons '48 Paper and paperboard, articles of pulp '71 Pearls, precious stones, metals, coins, etc '64 Footwear, gaiters and the like, parts thereof '18 Cocoa and cocoa preparations '33 Essential oils, perfumes, cosmetics, toileteries '25 Salt, sulphur, earth, stone, plaster, lime and cement '19 Cereal, flour, starch, milk preparations and products '68 Stone, plaster, cement, asbestos, mica, etc articles

17 Ease of doing business ranking: RSA 41 GREECE 72

18 South Africa emerging market perspective Of 14 emerging markets; Australia, Canada, Russia, Mexico, China, Poland, Spain, India, Korea, Brazil, South Africa, Colombia, Chile & Argentina South Africa is: 2nd most sophisticated financial market 2nd lowest effective business tax rate 4th ranked for ease of accessing capital 4th ranked i.r.o. the cost of capital 6th ranked for infrastructure 7th for FDI as a % of GDP Brazil, Russia, India, China, South Africa (BRICS)

19 South Africa s FDI Composition Rank Sector Proportion % 1 Coal, Oil and Natural Gas 25.13% 2 Metals 20.75% 3 Automotive OEM 8.15% 4 Alternative/Renewable energy 7.53% 5 Communications 7.32% 6 Hotels & Tourism 5.49% 7 Real Estate 3.00% 8 Chemicals 2.89% 9 Building & Construction Materials 2.78% 10 Transportation 1.89%

20 Investment Opportunities Sector Agro-processing Automotives Chemicals and Allied Industries Business Process Outsourcing & IT Enabled Services Electro Technical Tourism Sub-sector Fisheries and Aquaculture, Floriculture, Fruit and Vegetable Processing Plants, Juices, Meat Processing, Wine Production, Confectionery, Indigenous teas and Natural Fibres. Interiors, Engine Parts/Components, Electronic, Drive Train Components, Body Parts, Aluminum Components and Diesel particulate filters. Titanium Beneficiation Initiative, Fluoro chemicals Expansion Initiative, Polypropylene Conversion. Restructuring of State Owned Chemical Enterprises. Call Centres, Back Office Processing and Shared Corporate Services. Enterprise solutions viz. fleet management, knowledge management, asset management solutions. Manufacturing of: automotive electronics, microchips and telecommunication equipment. Hotels and self-catering holiday resorts, Adventure-, Eco-, Sport- Conferenceand cultural tourism, gaming, infrastructure development, leisure complexes and world class golf courses, harbour & waterfront developments, transfrontier conservation areas, cruise liners & transportation.

21 Incentive Benefit Main Conditions The Enterprise Investment Program (EIP) Foreign Investment Grant Industrial Development Zone The EIP (manufacturing) is a cash grant for locally based manufacturers who wish to establish a new production facility, expand an existing facility or upgrade an existing facility in the clothing and textiles sectors To compensate qualifying foreign investors for the cost of moving qualifying new machinery and equipment from abroad to SA. Exemption from VAT when sourcing goods and services from South African customs territory and duty-free imports of raw materials and inputs for export the EIP will be used to stimulate investment within manufacturing and tourism. Foreign investors only Prospective SDZ operator companies must apply for permits to develop and operate an SDZ

22 Incentive Benefit Main Conditions Section 12i Tax Allowance Tax deductions of up to R 900m depending on status viz. preferred or qualifying projects. Training allowance/ deduction of up to R30m or R per employee. Valid until December 2015 Capital investment > R 200m Critical Infrastructure Fund Infrastructure projects intended to service SDZ, shall qualify for a grant of 30% of the qualifying infrastructure development cost The minimum qualifying infrastructure development cost is R15m

23 NBG INTRALOT, PHILIPPOU GROUP FRIGOGLASS PETZETAKIS GERMANOS METALUMIN, GEROVASSILIOU, TSAKSARLIS, SOLDATOS - ESCAPADES WINES

24 USEFULL CONTACT INFORMATION Federation of Hellenic Communities in SA Hellenic, Italian, Portuguese Alliance Hellenic News of South Africa JCCI Johannesburg Chamber of Commerce Department of Trade and Industry, South Africa Web

25 Hellenic-African Chamber of Commerce & Development web: Panayiotis Dermentzoglou Greek Commercial Counsellor in South Africa Antonis Mavridis Trade Officer, South African Embassy, Athens MARKET ACCESS DATA BASE OF THE EU

26 South Africa today is one of the most sophisticated and promising emerging markets globally, mainly because of Abundant natural resources Excellent transport & logistical infrastructure Political & economic stability with sound macro-economic management Competitive sectors/industries World class financial system Skills availability Favourable cost of doing business