JOIN OUR AUSTRALIAN TRADE MISSION TO 3 AFRICAN COUNTRIES : MAURITIUS ~ SOUTH AFRICA ~ ZIMBABWE ~ OCTOBER 2018 ~
In order to fulfill our objectives of forging, strengthening and facilitating the trade and investment relationship between Africa and Australia , the Africa Australia Council is leading a trade and investment delegation to three African countries: Mauritius, South Africa and Zimbabwe from 10th to 19th October 2018
AUSTRALIAN TRADE/INVESTMENT MISSION TO
MAURITIUS, SOUTH AFRICA & ZIMBABWE
~ 3 African Countries in 9 days ~ 10th to 19th October 2018 ~
The AAC is leading a Trade and Investment Mission to Mauritius, South Africa and Zimbabwe. Visit 3 countries in 9 Days Meet key members the business community, be presented with investment opportunities and incentives!
Delegates will also attend the AFRASIA BANK SUSTAINABILITY SUMMIT 2018 MAURITIUS ~ translating the SDGS into your business (http://sustainabilitysummit.afrasiabank.com/) in collaboration with the COMMONWEALTH CLIMATE FINANCE HUB. The overarching platform that underpins this mission is to introduce Australian investors to African investment opportunities with best practice in Corporate / Organisation Sustainability and Responsiveness, in line with the Sustainable Development Goals (SDGs) of the United Nations Development Program.
The delegation will meet and network with key government trade and investment departments and key members of local Chambers of Commerce and Business associations within each country as well as the resident Australian High Commission. Investment incentives and opportunities will be presented to the delegation in each country, followed by one-on-one meetings, to facilitate investment outcomes.
- To introduce Australian investors to trade/investment opportunities in the emerging markets of Mauritius, South Africa and Zimbabwe.
- To establish local networks, leverage incentives, develop close working relationships in each of these markets with local business communities via AAC, local government and industry assistance.
Key market sectors:
- Legal/Financial Services
- Renewable Energy
- Water technologies
- Waste management
The AAC’s Trade and Investment Mission to Mauritius, South Africa and Zimbabwe.Visit 3 countries in 9 days
- Meet key government and industry leaders in each market be informed and establish networks.
- Be hosted by local Business Chambers and presented with INVESTMENT INCENTIVES and TRADE/INVESTMENT OPPORTUNITIES on offer in these 3 lucrative emerging African markets.
- Meet the resident Australian High Commissioner.
WHY SHOULD YOU PARTICIPATE?
- Identify potential collaboration and investment opportunities by better understanding the local market, government and industry needs, and aligning your trade and investment capabilities.
- Establish solid local networks by meeting key decision makers and potential partners or customers at targeted events and one-on-one meetings.
- Introduce your know-how, products or services to new markets.
- Obtain the latest, on ground info on investor incentives, investment opportunities market trends, monetary policies and trade efficiencies from key players and authorities in the region.
- Globalise your business seek out new markets for your expertise, increase your client base and establish the credible contacts locally.
- Assist in African development by adopting a policy of training, employment, equity and reap the rewards.
WHO SHOULD PARTICIPATE?
- CEOs, CFOs, COOs
- Chairpersons & Vice-Chairpersons
- Managing Directors
- Regional Directors
- Executive Directors
- Sustainability Heads/Managers
- Investment Directors/Managers
- Fund Directors/Managers
- Corporate Managers
- Management Team
- HR Executives
- Marketing & Communication Managers
- Compliance and Legal
- Property & Infrastructure Developers
- Portfolio Managers
- Head of Finance/Financial Controller
- Government Officials
- Academic institutions
~ 10 October to 19 October ~ 3 African Countries in 9 days ~
LEG 1 – Mauritius
10 OCT (depart Perth)
Arrive Mauritius 10 OCT
Depart 13 OCT 2018
- On arrival met at airport, transported to hotel.
- 11& 12 OCT 2018
Attend AFRASIA BANK SUSTAINABILITY SUMMIT 2018
- Economic Development Board: presents Investment incentives and opportunities
- Networking with Chamber of Commerce members
- One-on-One meetings with potential partners
- Tour Mauritius and witness the beauty and potential.
- Meet with Australian High Commission in Mauritius
- Depart Mauritius for South Africa (JHB): 13 OCT 2018
LEG 2 – South Africa
13 OCT 2018
Depart 16 OCT 2018
- On arrival delegation is met at JHB airport transported to accommodation.
- Presentation of investments & networking with Chamber of Commerce members
- Investor Incentives and opportunities in South Africa by DTI/Brand SA
- One on One meetings with Chamber members and industry leaders.
- Sightseeing ~ Cradle of Humanity/Apartheid Museum.
- Meet with Australian High Commission in SA
- Depart Johannesburg for Harare 16 OCT 2018
LEG 3 – Zimbabwe
Arrive Harare 16 OCT 2018
Depart 19 OCT 2018
- On arrival delegation is met at the airport transported to accommodation.
- Networking with Chamber of Commerce members
- Presentation of investment incentives and opportunities in Zimbabwe ZIMTRADE
- One on One meetings with Zimbabwe Chamber members and industry leaders.
Optional Sightseeing ~ Vic Falls & Zim Ruins
- Meet Australian High Commission in Zimbabwe
Ø Depart Harare for Aust 19 OCT 2018 > Harare > Johannesburg > Perth
- Economy Airfares: Perth> Mauritius > South Africa (Johannesburg) > Zimbabwe (Harare) > Johannesburg > Perth
- Conference Registration Fees for 2 day SUSTAINABILITY SUMMIT 2018 with the Commonwealth Climate Finance Hub
- Hotel Accommodation
- Delegation Meals
- Delegation Transport
TOTAL COST: AUD $7000.00
Delegates will need to purchase own travel insurance.
Australian travellers should be aware of the increased threat of terrorism globally and should consult the Australian Government’s General Advice to Australian Travellers, which is available at www.smartraveller.gov.au .
All Australians travelling overseas, whether for tourism or business or for short or long stays, are encouraged to register with the Department of Foreign Affairs and Trade (DFAT) before travel. The registration information provided by you will help DFAT to find you in an emergency – whether it is a natural disaster, civil disturbance or a family emergency. It may also be used to pass other information to you, such as: new travel advisories, notice of elections and information on other matters relevant to travellers and expatriates. Australian citizens can register online at www.orao.dfat.gov.au
Please note: The AAC will only work with clients that maintain appropriate business ethics, and demonstrate a commitment to legal obligations including anti-bribery laws, both in Australia and overseas markets.
DISCLAIMER OF LIABILITY: This disclaimer specifically DISCLAIMS LIABILITY FOR INCIDENTAL OR CONSEQUENTIAL DAMAGES and assumes no responsibility or liability for any loss or damage suffered by any person participating in the AAC’s Australian Trade Mission to Africa.
- Numbers are limited so BOOK NOW to avoid disappointment.
- Please download and fill-in the registration form
- >CLICK HERE and email it to email@example.com
- Applications close: FRIDAY 7 SEPTEMBER 2018.
Mobile No: +61 418 218 519
Mobile No: +61 0413627958
AFRICAN MARKET INFORMATION
Africa is a continent of 54 countries.
Some of the world’s fastest-growing economies are African! Africa has become the newest destination for emerging markets investors.
In 2018, 6 out of the 10 fastest-growing economies were in Sub-Saharan Africa.
The International Monetary Fund even expects another African nation to make its way into that list by next year. The economies of most African nations have grown by an average of 5-6% per year over the past decade giving momentum to the continent as a whole.
Africa has vast natural resources and is continent that is incredibly rich in these natural resources. It has huge, untapped reserves of human capital, minerals, natural gas and oil (10% of world’s reserves and largely unexploited hydroelectric power. It’s the home to vast gold, platinum, uranium, iron ore, copper and diamond reserves.
Further investment opportunities exist in telecommunications, IT, legal and financial services, renewable energy, manufacturing, education, agriculture, water technologies, waste management, financial and legal services.
Currently, only 10% of Africa’s arable land is being cultivated, yet it holds around 60% of the world’s cultivable land. As such, Africa has become a magnet for foreign direct investment (FDI).
Africa also has the advantage of a large, relatively inexpensive, educated labor force. The continent is undergoing a demographic transformation with youth as its theme; there is a very high proportion of Africans in their 20s and 30s with fewer dependents – both old and young – that will play out over the next decade.
There is stability in terms of governance; the countries which witnessed terrible periods of unrest have emerged as success stories, while others are restructuring their economies. There are better policies in place, international and intra-Africa trade has improved, and so has the business environment.
According to the UN World Population Prospects report, Africa will be the fastest-growing continent “by any measure” over the course of the 21st century. Investors are understandably very interested in African investments.
Mauritius aims to become an investment hub located midway between Africa and Asia.
In recent years, the country’s economic diplomacy has sought to create and strengthen partnerships with emerging countries (India, Turkey etc.), while also offering technical assistance to several African countries. Agreements with Ghana, Senegal and Madagascar have been approved in order to create special economic zones (SEZ) in those countries and open niche markets for the Mauritian exports.
FDI experienced constant growth in the years leading up to the global economic crisis. FDI inflows in 2016 towards Mauritius reached USD 350 million, which mark an increase compared to 2015 but remain under their potential (UNTCAD, World Investment Report 2017).
In addition to the Government’s incentives for investments (tax incentives, payment facilities, etc.), the country offers investors a stable economic and political environment, modern infrastructure, a solid judicial system, a stable financial system and a highly skilled and dynamic workforce. Only the television sector is subject to restrictions: a foreign company cannot hold more than 20% of the capital of a Mauritian company in this field. According to Doing Business 2018 Ranking, issued by the World Bank, Mauritius is the 25th (out of 190) most favourable country for business in the world. The Heritage Foundation classifies Mauritius 21st worldwide regarding its economic freedom ranking in 2018.
The tourism sector attracts most of FDI, particularly the Integrated Resort Scheme, which deals with the construction of luxury villas, golf courses and other amenities in the resort areas. The main investors are the United States, India, United Kingdom, the Cayman Islands and Hong Kong.
FOREIGN INVESTORS INCENTIVES: MAURITIUS
Some fantastic investment incentive opportunities for Australian investors:
- No capital gains tax
- There is a flat corporate tax of 15%
- 100% foreign ownership
- No exchange control
- Rule of law and political stability
- Bilingual pool of professionals (English and French)
- Preferential market access to 26% of the world population
- Extensive network of bilateral treaties (23 IPPA and 21 DTAA with Africa)
- Member of Multilateral Investment Guarantee Scheme (MIGA), which insures projects against losses relating to currency inconvertibility, transfer restrictions, expropriation, War, terrorism, among others.
For more info: www.edbmauritius.org
South Africa is a sophisticated, diverse and promising emerging market globally. Strategically located at the tip of the African continent, South Africa is a key investment location, both for the market opportunities that lie within its borders and as a gateway to the rest of the continent, a market of about 1 billion people.
South Africa is the economic powerhouse of Africa and forms part of the BRICS group of countries with Brazil, Russia, India and China. It has a favourable demographic profile and its rapidly expanding middle class has growing spending power.
South Africa has a wealth of natural resources (including coal, platinum, coal, gold, iron ore, manganese nickel, uranium and chromium). In addition opportunities exist in renewal energy, agriculture, manufacturing, financial services, education and it enjoys increased attention from international exploration companies, particularly in the oil and gas sector.
World-class infrastructure, exciting innovation, research and development capabilities and an established manufacturing base.
It is at the forefront of the development and rollout of new green technologies and industries, creating new and sustainable jobs in the process and reducing environmental impact. South Africa has sophisticated financial, legal and telecommunications sectors, and a number of global business process outsourcing (BPO) operations are located in the country.
FOREIGN INVESTOR INCENTIVES:
The following are services that can be provided by the DTI to the investor:
- The marketing of investment opportunities and the promotion of packaged investment projects. This is achieved by Trade and Investment South Africa (TISA) undertaking various local and foreign marketing initiatives where projects and opportunities are presented to investors.
- TBC : BRAND SA: provides Information on the local economic and business environment
- Johannesburg Chamber of Commerce and Industry: presents investment opportunities within South African sectors Information on incentive packages; Information on the local regulatory and legal environment;
- Information of South Africa’s trade and investment policy;
- Information on government policy in strategic sectors.
As the Zimbabwe economy restructures it will be founded on sound market principles and principles of legal protection that encourage and protect private enterprise and the fruits thereof, while gainfully interacting with strategic public enterprises run professionally and profitably, all to yield a properly run national economy in which there is room and opportunity for everyone,” he said.
President Emmerson Mnangagwa said “The Zimbabwe Government commits to treating all foreign and domestic investors and investments as favourably as any other investor in relation to the establishment, expansion and operation of their investments, subject to such exceptions as are provided for in domestic laws, regulations and policies.
The Zimbabwe Government is accelerating the implementation of the Special Economic Zones especially promotion of value addition by provide specific incentives. The new investment law shall ensure non-discrimination between domestic and foreign investors and shall accord all foreign investors and their investments treatment no less favorable than local investors. : Source: The Chronicle
FOREIGN INVESTOR INCENTIVES: ZIMBABWE
- Duty Exemptions in the following areas; imported capital equipment; importation of raw materials used in the manufacture of goods for export.
- Value Added Tax (VAT)
Exemption from VAT for a variety of products that include agricultural produce, raw materials for further processing, goods used in the production of agricultural, mining, industrial or manufactured products etc.
- 15% corporate tax is applied for the first five years of operation in road, bridge and sanitation or water facility construction
- 15% corporate tax for special mining lease operations. Losses are carried forward indefinitely for mining operations.
Fiscal Incentives into Special Economic Zones
The Government is offering a variety of incentives in the Special Economic Zones and foreign investors should take advantage of these fiscal and non-fiscal incentives on offer. The incentives include the following:
- SECURITY OF INVESTMENT
Zimbabwe guarantees investment security to all investors in line with international best practices.
Zimbabwe has ratified Bi-lateral Investment Treaties (BITs) with Denmark, Germany, Netherlands, Swiss Federation, Yugoslavia, China, South Africa and Russia.
BITs awaiting ratification include those with Botswana, India, Iran, Kuwait, OPEC Fund, South Korea, Mozambique, Malaysia, Singapore, Thailand, Egypt, Austria, Croatia, Czech Republic, France, Indonesia, Italy, Jamaica, Kuwait, USA/OPIC, Portugal, UK and Mauritius.
TAXATION SYSTEM IN ZIMBABWE
The following are the current investment tax provisions offered by the Government;
Income Tax 25%
Capital Gains 20%
Dividends 10 / 15%
Value Added Tax 15%
For more info: www.investzim.com
hosting the delegation on the South African leg of the mission.
~ 3 African Countries in 9 days ~ 10th to 19th October 2018 ~