South African Business 2019 edition
The 2019 edition of South African Business is the seventh edition of this annual guide to business and investment in South Africa. 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 Special Economic Zones and African trade provide unique insights, together with comprehensive overviews of critical economic sectors. Other special features focus on the exciting new possibilities in renewable energy, airports as engines of regional growth and the maritime sector as an entirely new prospect for South African entrepreneurs and businesses. 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 at www.globalafricanetwork.com
The 2019 edition of South African Business is the seventh edition of this annual guide to business and investment in South Africa.
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 Special Economic Zones and African trade provide unique insights, together with comprehensive overviews of critical economic sectors. Other special features focus on the exciting new possibilities in renewable energy, airports as engines of regional growth and the maritime sector as an entirely new prospect for South African entrepreneurs and businesses.
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 at www.globalafricanetwork.com
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SPECIAL FEATURE<br />
Trade agreements and access<br />
Easy to do business<br />
Botswana provides preferential access to the entire<br />
marketplace of the <strong>South</strong>ern <strong>African</strong> Development<br />
Community (SADC) which has more than 292-million<br />
people, duty-free access to <strong>South</strong> Africa, Namibia,<br />
Lesotho and Swaziland, and duty-free and quota-free<br />
access to the European Union (EU) market. Imported<br />
machinery and equipment for manufacturing<br />
purposes do not attract duties.<br />
In addition, Botswana is signatory to an extensive<br />
range of protocols and trade agreements that give<br />
access to lucrative markets around the world.<br />
Incentives for investors<br />
• No foreign exchange controls or restrictions on<br />
business ownership<br />
• Taxes are very low, 15% for manufacturing and<br />
International Finance Service Centre (IFSC) companies,<br />
22% for other businesses and 25% for individuals<br />
• Remittance and full repatriation of profits and<br />
dividends is allowed<br />
• Development Approval Order: tax holiday (zero<br />
corporate tax) can be available to investors for a<br />
period of five to 10 years<br />
• Operational double taxation avoidance agreements<br />
with <strong>South</strong> Africa, United Kingdom, Sweden, France,<br />
Mauritius, Namibia, Zimbabwe and Russia<br />
• Companies accredited by the Innovation Hub pay<br />
tax at 15% of profit.<br />
CONTACT DETAILS<br />
Botswana Investment and Trade Centre (BITC) is an<br />
integrated investment and trade promotion authority<br />
with an encompassing mandate of investment<br />
promotion and attraction, export promotion<br />
and development, including management of the<br />
nation’s brand.<br />
The organisation plays a critical role of driving<br />
Botswana’s economic growth through attraction of<br />
FDI, domestic investment, facilitation of expansions<br />
and further spearheads the growth of exports by<br />
promoting locally manufactured goods to regional<br />
and international markets.<br />
BITC has committed to deliver on making<br />
investment as easy a process as possible, through<br />
facilities such as the One Stop Shop. Services include<br />
helping with office space and registrations, visas<br />
and licences.<br />
Botswana Investment and Trade Centre (BITC): Private Bag 00445, Gaborone, Botswana<br />
Plot 54351, off PG Matante Road, Exponential Building, Central <strong>Business</strong><br />
District (CBD), Gaborone, Botswana<br />
Tel: +267 363 3300 | Fax: +267 317 0452<br />
<strong>South</strong> Africa: 88 Sandown Mews, West Wing, Stella Street, Sandton, Johannesburg<br />
Tel: +27 11 884 8959 | Fax: +27 11 883 7798<br />
Website: www.bitc.co.bw<br />
51 SOUTH AFRICAN BUSINESS <strong>2019</strong><br />
Doing <strong>Business</strong><br />
Doing<br />
in Botswana<br />
<strong>Business</strong> in Botsw
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