Special Economic Zones (SEZs) are geographically designated areas set aside for specifically targeted economic activities.
The Special Economic Zones Act 16 of 2014 provides for the designation, promotion, development, operation and management of SEZs. The Act commenced in February 2016 and several SEZs have been designated since.
Government provides financial assistance to qualifying small and large companies in various sectors of the economy. Financial support is offered for economic activities such as manufacturing, business competitiveness, export development and market access, as well as foreign direct investment.
The Government Incentives website provides information on all incentives offered.
Assistance is provided by the departments of:
Company registrations are handled by the Companies and Intellectual Property Registration Office (CIPRO).
Information about company registrations is available under the Government Services section in all official languages.
The Central Supplier Database (CSD) maintains a database of organisations, institutions and individuals who can provide goods and services to government. The CSD serves as the single source of key supplier information for organs of state providing consolidated, accurate, up-to-date, complete and verified supplier information. If you are a prospective suppliers interested in pursuing opportunities within the South African government, you can self-register on the Central Supplier Database.
Work permits or temporary visas for work are issued by the Department of Home Affairs. Applications for temporary residence visas are processed and finalised at the foreign offices of the Department of Home Affairs, and you should make travel arrangements only once the visa has been approved.The types of visa are:
The Reconstruction and Development Programme was the primary socio-economic programme following the elections in 1994. The broader aim of this socio-economic policy was to establish a more equal society through reconstruction and development as well as strengthening democracy for all South Africans.
The GEAR strategy document (Growth, Employment and Redistribution - A Macro-economic Strategy) is available under Documents on this website. It sets out a strategy for rebuilding and restructuring the economy of South Africa in keeping with the goals set in the Reconstruction and Development Programme introduced in 1996.
An import tariff is a tax imposed on imported goods and services. Different rates of duty are applicable to different goods or commodities.
Once the goods to be imported has been identified, particulars can be provided to South African Revenue Service (Customs) at tel: +27 (0)12 422 4000, who will advise on the relevant tariff heading and applicable duty (including VAT payable).
The Sars website has information on:
The Broad-Based Black Economic Empowerment (B-BBEE) programme provides a legislative framework for the transformation of South Africa's economy. The Broad-based Black Economic Empowerment Act, [No. 53 of 2003], as amended, aims to advance economic transformation and enhance the economic participation of black people in the South African economy.
The Tender Bulletin as well as most provincial tender bulletins are also published on the Government Printing Works' website.
Information on a specific government tender is available from the relevant department as indicated in the Tender Bulletin.
The MTEF is a transparent planning and budget formulation process within which government establishes contracts for allocating public resources to their strategic priorities while ensuring overall fiscal discipline.
The MTEF forms part of the Medium Term Budget Policy Statements (MTBPS) on the National Treasury website.
All the documents for the national budgets since 1997 are available on the National Treasury website under Budget information.
Government on 23 November 2010 released the Framework of the New Economic Growth Path aimed at enhancing growth, employment creation and equity. The policy’s principal target is to create five million jobs over the 10 years from 2010 until 2020. More information on the New Growth Path programme, including the accords for different areas, can be found under Government Programmes.