PRESENTATION
to
DURBAN CHAMBER OF COMMERCE AND INDUSTRY
by
BONAVENTURA HINDA
COMMERCIAL COUNSELLOR
HIGH COMMISSION OF THE ...
 Namibia at a Glance
 Macro Economy
 Market Access
 Trade Statistics
 Investment Policy Framework
 Investment Opport...
Namibia at a Glance
Area:
824,269 square kilometres
Population (Preliminary - 2011):
2.1 million
Currency:
1 N$ = 1 ZAR
La...
Macroeconomic Indicators
 GDP at Current Prices
N$ 105 146(000) (2012 est.)
 Real GDP Growth
4.6% (2012 est.)
 NCPI (Fe...
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)...
Macroeconomic Indicators – Key Sectors
 Primary Sector
Agriculture and Forestry 4.1%
Mining and Quarrying 11.5%
Fisheries...
Taxation - 2012
Income tax: 17.5% - 35%
General corporate tax: 34%
Reg. Manufacturers 18%
Value Added Tax (VAT): 15%
...
Market Access
Trade Agreements:
•Africa – SACU and SADC
•EU – SADC/EU (EPA Negotiations)
•USA – AGOA
•South America – SACU...
Trade Statistics: Top 10 Trading Partners 2012
Imports
• South Africa – 41 701 508 467
• Switzerland
• China
• EPZ
• Unite...
Investment Policy Framework
 Foreign Investment Act, No. 24 of 1993 (Review)
 Export Processing Zone (EPZ) Act, No. 9 of...
Investment Opportunities
Target Sectors
• Agriculture and Agro-processing – Cereal, Fruit, Vegetables
• Manufacturing – Cu...
Investment Opportunities - Energy
Namibian Power Supply
39%
40%
9%
12%
Sources
Nampower
Eskom
Zesco
Zesa
Investment Opportunities - Energy
Industry Overview
Investment Opportunities - Energy
Supply Solution
Project Installed Capacity Implementation
1. Short Term Critical
Supply
...
Kudu Gas Project – Progress to Date
• 800 - 1000MW CCGT plant at Oranjemund
• With project commissioning Namibia becoming ...
Investment Opportunities - Tourism
 Eco Tourism Lodge on Orange
River bank - Sendelingsdrift
Border Post in the /Ai-/Ais
...
Investment Opportunities – Manufacturing
Trade Deficit Nam vs RSA
Main Exports
 Manufactured Prod
 Diamonds
 Metal Ores...
Incentives – Manufacturers & Exporters
Corporate Tax: 18% for 10 yrs thereafter 32%
Value Added Tax (VAT): Claims on all...
Incentives – Manufacturers & Exporters
Export Promotion Allowance: Additional deductions
from taxable income 25%
Cash Gr...
Starting a Business in Namibia
• Contact Registrar of Companies – MTI
• Company Name Reservation ( Turn around time - 14 d...
Commercial Office Support
Trade and investment enquiriesTrade and investment enquiries
Investment and trade promotionInv...
Where the Namib Desert and
the Atlantic Ocean
congregates into a natural
wonder, we strive to conduct
business with peace ...
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Nambian Trade Opportunities for KZN

Published on: Mar 3, 2016
Published in: Business      
Source: www.slideshare.net


Transcripts - Nambian Trade Opportunities for KZN

  • 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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