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Nambian Trade Opportunities for KZN
Nambian Trade Opportunities for KZN
Nambian Trade Opportunities for KZN
Nambian Trade Opportunities for KZN
Nambian Trade Opportunities for KZN
Nambian Trade Opportunities for KZN
Nambian Trade Opportunities for KZN
Nambian Trade Opportunities for KZN
Nambian Trade Opportunities for KZN
Nambian Trade Opportunities for KZN
Nambian Trade Opportunities for KZN
Nambian Trade Opportunities for KZN
Nambian Trade Opportunities for KZN
Nambian Trade Opportunities for KZN
Nambian Trade Opportunities for KZN
Nambian Trade Opportunities for KZN
Nambian Trade Opportunities for KZN
Nambian Trade Opportunities for KZN
Nambian Trade Opportunities for KZN
Nambian Trade Opportunities for KZN
Nambian Trade Opportunities for KZN
Nambian Trade Opportunities for KZN
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Nambian Trade Opportunities for KZN

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  1. PRESENTATION to DURBAN CHAMBER OF COMMERCE AND INDUSTRY by BONAVENTURA HINDA COMMERCIAL COUNSELLOR HIGH COMMISSION OF THE REPUBLIC OF NAMIBIA PRETORIA, SOUTH AFRICA THURSDAY, 5TH SEPTEMBER 2013 DURBAN, KWA-ZULU NATAL PROVINCE, SOUTH AFRICA
  2.  Namibia at a Glance  Macro Economy  Market Access  Trade Statistics  Investment Policy Framework  Investment Opportunities  Investment Incentives  Starting a Business in Namibia  High Commission - Commercial Office Support Presentation Outline
  3. Namibia at a Glance Area: 824,269 square kilometres Population (Preliminary - 2011): 2.1 million Currency: 1 N$ = 1 ZAR Language: English is the official language Regions: 13 Regions Democratic and Politically Stable: General Elections every 5 years Next Election - 2014
  4. Macroeconomic Indicators  GDP at Current Prices N$ 105 146(000) (2012 est.)  Real GDP Growth 4.6% (2012 est.)  NCPI (February - 2013) 6.20%  Repo Rate (Current) 5.50%  Prime Rate (Current) 9.25%
  5. Macroeconomic Indicators – GDP Growth -2.0% -1.0% 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% 2009 2010 2011 2012 (Prel) 2013 (Est) 2014 (Proj) -1.1% 6.0% 4.9% 5.0% 4.8% 5.0% PercentageGrowth 4.5% 5.0%
  6. Macroeconomic Indicators – Key Sectors  Primary Sector Agriculture and Forestry 4.1% Mining and Quarrying 11.5% Fisheries 3%  Secondary Sector Manufacturing 11.6% Construction 3.6% Utilities 2.3%  Tertiary Sector Wholesale & Retail 12% Tourism (Hotels & Res only) 1.7% Transport & Communication 4.9% Financial Intermediation 5.2% Real Estate 7.4% Government 25%
  7. Taxation - 2012 Income tax: 17.5% - 35% General corporate tax: 34% Reg. Manufacturers 18% Value Added Tax (VAT): 15% Diamond mining 55% Other mining 37.5% Petroleum 35% Royalty Tax 30% Withholding tax (non-residents): 10% of dividends Duties Excise: Alcohol, Cigarettes etc Ad Valorem: Luxury Items Customs: Tv, Clothes, Tyres Macroeconomic Indicators – Fiscal Policy
  8. Market Access Trade Agreements: •Africa – SACU and SADC •EU – SADC/EU (EPA Negotiations) •USA – AGOA •South America – SACU/ MERCOSUR •Asia – SACU/India (Negotiations)
  9. Trade Statistics: Top 10 Trading Partners 2012 Imports • South Africa – 41 701 508 467 • Switzerland • China • EPZ • United Kingdom • Germany • Zambia • Botswana • Netherlands • Singapore Exports • South Africa – 7 693 917 881 • United Kingdom • Angola • Belgium • Botswana • Canada • Spain • Switzerland • EPZ • United States of America
  10. Investment Policy Framework  Foreign Investment Act, No. 24 of 1993 (Review)  Export Processing Zone (EPZ) Act, No. 9 of 1995 (Review)  Namibian Industrial Policy (Finalized 2012)
  11. Investment Opportunities Target Sectors • Agriculture and Agro-processing – Cereal, Fruit, Vegetables • Manufacturing – Current Exports (RSA to Nam and other countries north and north-east of Namibia) • Education - Pre-primary, Secondary, Colleges, Artisan/Vocational Training • Logistics & Infrastructure • Mining and Mineral Beneficiation • Energy Production – Renewable
  12. Investment Opportunities - Energy Namibian Power Supply 39% 40% 9% 12% Sources Nampower Eskom Zesco Zesa
  13. Investment Opportunities - Energy Industry Overview
  14. Investment Opportunities - Energy Supply Solution Project Installed Capacity Implementation 1. Short Term Critical Supply Up to 400 MW 2012 2. Kudu Gas to Power 800- 1000 MW (400 for Namibia) 2018 3. Baynes Hydro Power Station 600 MW (300 MW for Namibia) 2022
  15. Kudu Gas Project – Progress to Date • 800 - 1000MW CCGT plant at Oranjemund • With project commissioning Namibia becoming a net exporter of electricity by 2018 Activities concluded since September 2012 • Allocation of resources (budget, staff, consultants) • Most outstanding issues resolved through negotiations with upstream parties • Project Development Agreement (PDA) signed • Ongoing negotiations with regional off-takers for the 400MW balance off-take • EPC Pre-qualification tender closed and evaluation in progress • Document with quantification of GRN guarantees being finalised • Re-confirmation of transmission integration requirements in progress • Process to invite strategic equity partners under preparation
  16. Investment Opportunities - Tourism  Eco Tourism Lodge on Orange River bank - Sendelingsdrift Border Post in the /Ai-/Ais -Richtersveld Transfronteer Park Required: JV Partnership with land owners  Convention Centre - Insufficient conferencing facilities to host major international events. Lodge Position Road to Aussenkehr, /Ai-/Ais and Fish River
  17. Investment Opportunities – Manufacturing Trade Deficit Nam vs RSA Main Exports  Manufactured Prod  Diamonds  Metal Ores include Uranium  Fish and Marine Products  Beverages  Refined Zinc  Live Animals  Meat and Processed Meat  Copper  Crops, Fruit & Veg, Forestry Main Imports  Chem, Rubber, Plastic  Transport Equipment  Machinery and Equipment  Refined Petroleum  Food Prod/Consumables  Textile, Clothing, Leather  Fabricated and Basic Metal  Non-metallic Mineral  Electrical Machinery  Paper Products 2012 Imports – N$41 701 508 467 Exports - 7 693 917 881
  18. Incentives – Manufacturers & Exporters Corporate Tax: 18% for 10 yrs thereafter 32% Value Added Tax (VAT): Claims on all inputs paid on acquisition and manufacturing equipment imported Establishment Tax Package: Negotiate rates and terms by special tax packages Special Building Allowance: Factory buildings written off at 10% in 1st year and balance at 8% for 10 yrs Transportation Allowance: Road or rail allowance of 25% deduction from total cost
  19. Incentives – Manufacturers & Exporters Export Promotion Allowance: Additional deductions from taxable income 25% Cash Grants: 50% of direct cost of approved export promotion activities Exporters of Manufactured Goods: 80% allowance on taxable income derived from the export of Manufactured goods (excluding meat and fish) produced in Namibia or not.
  20. Starting a Business in Namibia • Contact Registrar of Companies – MTI • Company Name Reservation ( Turn around time - 14 days) • Company Registration ( Turn around time - 14 days) • After successful registration of company, submit Temporary Residence Permit (TRP) application to the Namibia Investment Centre (NIC) • NIC present application to ISB (Home Affairs) for approval • Factors considered by ISB –investment capital, employment, skills transfer, downstream effect, overall significance to Namibian economy • Approval of application not automatic • No fee required upon submission, N$ 500 payable if approved • Minimum investment capital – US$ 100 000
  21. Commercial Office Support Trade and investment enquiriesTrade and investment enquiries Investment and trade promotionInvestment and trade promotion Facilitation of investment missionsFacilitation of investment missions to Namibiato Namibia Facilitation of business missionsFacilitation of business missions from Namibia to South Africafrom Namibia to South Africa Participation in trade fairs in SouthParticipation in trade fairs in South AfricaAfrica Guidance on starting a business inGuidance on starting a business in NamibiaNamibia
  22. Where the Namib Desert and the Atlantic Ocean congregates into a natural wonder, we strive to conduct business with peace of mind …… NAMIBIA

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