South African Business 2018 edition
Welcome to the sixth edition of the South African Business journal. First published in 2011, the publication has established itself as the premier business and investment guide to South Africa, supported by an e-book edition at www.southafricanbusiness.co.za. Regular pages cover all the main economic sectors of the South African economy and give a snapshot of each of the country’s provincial economies. Feature articles on topical issues such as sustainability and African trade provide unique insights, together with an interview with the newly elected chairman of the African Association of Automotive Manufacturers, Mr Thomas Schaefer. Another special feature focusses on an exciting project to transform South Africa’s small harbours and coastal properties. South African Business is complemented by nine regional publications covering the business and investment environment in each of South Africa’s provinces. The e-book editions can be viewed online at www.globalafricanetwork.com. First published in 2011, the publication has established itself as the premier business and investment guide to South Africa, supported by an e-book edition at www.southafricanbusiness.co.za Regular pages cover all the main economic sectors of the South African economy and give a snapshot of each of the country’s provincial economies. Feature articles on topical issues such as sustainability and African trade provide unique insights, together with an interview with the newly elected chairman of the African Association of Automotive Manufacturers, Mr Thomas Schaefer. Another special feature focusses on an exciting project to transform South Africa’s small harbours and coastal properties. South African Business is complemented by nine regional publications covering the business and investment environment in each of South Africa’s provinces. Visit www.globalafricanetwork.com for more business and investment news, opportunities and events.
Welcome to the sixth edition of the South African Business journal. First published in 2011, the publication has established itself as the premier business and investment guide to South Africa, supported by an e-book edition at www.southafricanbusiness.co.za.
Regular pages cover all the main economic sectors of the South African economy and give a snapshot of each of the country’s provincial economies. Feature articles on topical issues such as sustainability and African trade provide unique insights, together with an interview with the newly elected chairman of the African Association of Automotive Manufacturers, Mr Thomas Schaefer. Another special feature focusses on an exciting project to transform South Africa’s small harbours and coastal properties.
South African Business is complemented by nine regional publications covering the business and investment environment in each of South Africa’s provinces. The e-book editions can be viewed online at www.globalafricanetwork.com.
First published in 2011, the publication has established itself as the premier business and investment guide to South Africa, supported by an e-book edition at www.southafricanbusiness.co.za
Regular pages cover all the main economic sectors of the South African economy and give a snapshot of each of the country’s provincial economies. Feature articles on topical issues such as sustainability and African trade provide unique insights, together with an interview with the newly elected chairman of the African Association of Automotive Manufacturers, Mr Thomas Schaefer. Another special feature focusses on an exciting project to transform South Africa’s small harbours and coastal properties.
South African Business is complemented by nine regional publications covering the business and investment environment in each of South Africa’s provinces. Visit www.globalafricanetwork.com for more business and investment news, opportunities and events.
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SPECIAL FEATURE<br />
Invest in the<br />
Kingdom of Lesotho<br />
The Lesotho National Development Corporation has attractive projects in several areas.<br />
Lesotho is richly endowed in mineral resources<br />
such as diamonds and has abundant water<br />
reserves. Lesotho is branded as “The Kingdom<br />
in the Sky” owing to its beautiful sceneries<br />
especially in winter when it has snowed or in spring<br />
when the alpine flora of Lesotho blossom.<br />
Lesotho is a high-altitude country, landlocked by<br />
the Republic of <strong>South</strong> Africa and criss-crossed by<br />
a network of rivers and mountain ranges. Lesotho<br />
covers an area of 30 355 square kilometres and has a<br />
population of just over two-million. The vast majority<br />
of the population is Basotho (Lesotho natives) with<br />
a small group of Europeans and Asians. The official<br />
languages of Lesotho are English and Sesotho. The<br />
country’s GDP growth rate in 2016 is estimated at 3.1%.<br />
The country is actively seeking new investments<br />
into a wide variety of sectors to boost the economy<br />
and provide employment for its people.<br />
The Lesotho National Development Corporation<br />
(LNDC) is the main parastatal of the Government<br />
of Lesotho charged with the implementation of<br />
the country’s trade and industrial development<br />
policies.<br />
The role of the Corporation is to promote Lesotho<br />
as an attractive investment location for both foreign<br />
and indigenous investors. The LNDC is the first point<br />
of contact for investors who intend to set up projects<br />
in the manufacturing and processing industries<br />
in Lesotho. In 2016, the LNDC received a best<br />
IPA (Investment Promotion Agency) Award from<br />
UNCTAD (United Nations Conference on Trade and<br />
Development) at the 14th UNCTAD Conference.<br />
Lesotho has progressed in moving from a predominantly<br />
subsistence-oriented economy to an economy<br />
exporting natural resources (diamonds and water)<br />
and manufactured goods (excelling in textiles and<br />
apparel). This has been driven by the country’s dutyfree<br />
quota-free market access to major international<br />
markets and an improving investment climate.<br />
Priority sectors for investment include:<br />
• Agriculture and agri-processing<br />
• Manufacturing<br />
• Renewable energy<br />
• Infrastructure and construction<br />
• Services<br />
• Tourism<br />
Selected projects<br />
Agri-processing<br />
Basotho Fruit and Vegetable Canners is a manufacturing<br />
company that processes raw materials to produce<br />
consumer products, canned baked beans, organic<br />
peaches and asparagus, fruit juice and tomatoes. It<br />
was operating as an export-oriented company with<br />
success in exporting its products to <strong>South</strong> Africa and<br />
other international markets (EU). The existing plant<br />
is currently not in operation. A joint venture investment<br />
partner is sought to operate Basotho Canners<br />
on a management contract basis. The objective is to<br />
resuscitate and expand the current facilities.<br />
• Project size/cost: US$30-million<br />
• Proposed procurement process: Joint Venture –<br />
Management Contract<br />
• Financing status, amount and structure<br />
required: US$30-million in equity<br />
• Government guarantee or involvement: Policy<br />
sponsorship, land allocation, infrastructure, energy<br />
and water supply, visa facilitation for scarce skills.<br />
Manufacturing and hospitality<br />
Makeka Mollometsi is a multi-pronged business<br />
concern, geared towards the large-scale quality<br />
SOUTH AFRICAN BUSINESS <strong>2018</strong><br />
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