LOGISTICS & SUPPLY
CHAIN CONNECTIVITY
Dube TradePort Special Economic Zone has a number of hi-tech multi-purpose cold storage facilities located within Dube TradeZone, which form part of an integrated perishables supply chain. Dube Cargo Terminal is equipped with cold storage facilities with the capacity to accommodate produce requiring a range of temperatures.
Dube TradePort Special Economic Zone has a number of hi-tech multi-purpose cold storage facilities located within Dube TradeZone, which form part of an integrated perishables supply chain. Dube Cargo Terminal is equipped with cold storage facilities with the capacity to accommodate produce requiring a range of temperatures.
Dube AirRoad is a first and last mile, time-sensitive logistics fleet, comprising Euro 5 emission-compliant trucks - which enables customers to 'Green' their supply chains. Deliveries may be booked online and customers are able to track and trace the movement of their goods. Part of the fleet is refrigerated, ensuring that cold chain integrity for perishable goods is maintained.
POPULATION & ECONOMIC INDICATORS
MARKET
ACCESS
The implementation of the African Continental Free Trade Area Agreement, a milestone African Union intervention, provides market access.Provides market access to in excess of one billion people across the continent that can be serviced from within the zone.
STRONG
INSTITUTIONS
South Africa enjoys an independent judicial system, that is efficient and fair and which prioritises investor protection.The country is also globally recognised for the strength of its auditing and reporting standards, whilst its laws and regulations emphasise the efficacy of corporate boards and the protection of minority shareholder interests. Making this a suitable area to for the development of the medical and pharmaceutical sector.
MARKET
EFFICIENCY
South Africa enjoys an open and extremely competitive local market, where foreign business ownership is prevalent.In this regard, various Government institutions give effect to developing and upholding effective anti-monopoly policies.
LABOUR
MARKET EFFECIENCY
Women are playing a rapidly increasing role in South Africa's labour market, indicative of the leveling of the employment playing field in recent years. The country is also successfully retaining local business talent, while also attracting specialist skills from abroad, inclusive of other parts of Africa.
HIGHER EDUCATION AND
TRAINING
South Africa has made a concerted effort to promote and encourage increased enrolment by the youth in tertiary education programmes. The country boasts numerous world-class universities, including the UKZN school of Medicine, respected management schools and a range of specialist training service providers for professionals
FINANCIAL
MARKET DEVELOPMENT
South Africa’s financial services sector is well-equipped to meet the business needs of both local and foreign investors.and has in place a sound banking system. Financing through the local equity market, together with the securing of loan finance, is easily accessible to investors. Crucially, too, the country's securities exchange is highly regulated
REASONS TO INVEST
LARGEST DRUG MARKET
IN AFRICA
South Africa is home to the largest drug market in Africa, with the fifth-highest expenditure on pharmaceuticals per capita.
LOCAL MANUFACTURING
INDUSTRY
Well-establish local manufacturing industry, supported by foreign investment. High disease burden ensures demand for drugs, especially anti-retroviral drugs.
RAPID
URBANISATION
Rapid urbanisation, sedentary lifestyles and dietary trends ensure long-term demand for pharmaceuticals capable of targeting chronic and lifestyle-related diseases.
POTENTIAL FOR MARKED SECTOR GROWTH
Potential for marked generic sector growth, in line with cost containment and tiered-pricing structure for pharmacists.
GROWING MARKET FOR CLINICAL TRIALS
Growing market for clinical trials, due to the country’s infectious disease burden and high number of treatment-naive patients.
REGULATORY
CONDITIONS
Regulatory conditions to improve with new drug registration agency (SAHPRA).
CONNECTIVITY
INTO AFRICA
King Shaka International Airport currently connects Durban and KwaZulu-Natal to 30 destinations in 19 countries across the African continent through the Qatar Airways hub in Doha. Such market access for businesses include:
Botswana; Seychelles; Mozambique; Morocco; Kenya; Tunisia; Tanzania; Angola; Ruanda; Somalia; Ethiopia; Sudan; Ivory Coast; Namibia; Uganda; Egypt; Djibouti; Nigeria; and Alrgeria.
SEZ INCENTIVES
PREFERENTIAL
Preferential 15% Corporate Tax for qualifying entities;
BUILDING ALLOWANCE
Building Allowance: 10% per annum for qualifying buildings and fixed structures
EMPLOYMENT
Employment Incentives for low salary workers
CCA
Customs-Controlled Area (CCA): Import duty rebates for production-related and exported products