1 / 21

PRESENTATION TRADE AND INVESTMENT PROMOTION SEMINAR HOSTED BY THE MCCI by BONAVENTURA HINDA

PRESENTATION TRADE AND INVESTMENT PROMOTION SEMINAR HOSTED BY THE MCCI by BONAVENTURA HINDA COMMERCIAL COUNSELLOR HIGH COMMISSION OF THE REPUBLIC OF NAMIBIA PRETORIA, SOUTH AFRICA WEDESDAY, 29 OCTOBER 2013 MANGAUNG, FREE STATE PROVINCE, SOUTH AFRICA. Presentation Outline.

ulfah
Download Presentation

PRESENTATION TRADE AND INVESTMENT PROMOTION SEMINAR HOSTED BY THE MCCI by BONAVENTURA HINDA

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. PRESENTATION TRADE AND INVESTMENT PROMOTION SEMINAR HOSTED BY THE MCCI by BONAVENTURA HINDA COMMERCIAL COUNSELLOR HIGH COMMISSION OF THE REPUBLIC OF NAMIBIA PRETORIA, SOUTH AFRICA WEDESDAY, 29 OCTOBER 2013 MANGAUNG, FREE STATE PROVINCE, SOUTH AFRICA

  2. Presentation Outline • Namibia at a Glance • Macro Economy • Namibia – Competitiveness in Global Context • Trade • Investment - Policy Framework • Investment - Opportunities • Investment - Incentives • Starting a Business in Namibia • High Commission - Commercial Office Support

  3. Namibia at a Glance Area:824,269 square kilometres Population (2013): 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. Macro economy - Indicators • GDP at Current Prices N$ 121 034 (000) (2013 est.) • Real GDP Growth 4.7% (2013 est.) • NCPI (Annual est - 2013) 6.3% • Repo Rate (Current) 5.50% • Prime Rate (Current) 9.25% • Gini Coefficient 0.58% • Unemployment Rate 27.4%

  5. Macro economy– GDP Growth

  6. Macro economy – 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. Macro economy – Fiscal Policy Taxation – 2013/14 • Income tax: 18% - 37% • General corporate tax: 32% • 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

  8. Namibia - Global Competitiveness • Global Retail Development Index (GRDI 2013 ) Ranking the top 30 developing countries – (Only 2 out of Africa) - Botswana: Strong retail growth -ranked 25th - Namibia:Rising regional star - ranked 26th • Frazer Institute Annual Survey of Mining 2012/2013 - Namibia: ranked 3rd after Botswana and Morocco • World Economic Forum 2013 Competitiveness Ranking (144 economies) - Namibia: Ranked Globally-90th – Africa – 8th

  9. Trade - Market Access Trade Agreements: • Africa – SACU and SADC • EU – SADC/EU (EPA Negotiations) • USA – AGOA • South America – SACU/ MERCOSUR • Asia – SACU/India (Negotiations)

  10. Trade - Top 10 Trading Partners 2012 Imports Exports South Africa – 7 693 917 881 United Kingdom Angola Belgium Botswana Canada Spain Switzerland EPZ United States of America • South Africa – 41 701 508 467 • Switzerland • China • EPZ • United Kingdom • Germany • Zambia • Botswana • Netherlands • Singapore

  11. 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)

  12. Investment - Opportunities Manufacturing Agriculture & Agro-processing Mineral Exploration & Beneficiation Logistics Education, Skills Training Investment Opportunities Information Technology (IT) Health & Pharmaceuticals Infrastructure Tourism Energy

  13. Investment Opportunities - EnergyNamibian Power Supply

  14. Investment Opportunities – ManufacturingTrade Deficit Nam vs RSA Main Exports 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 • 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

  15. Investment Opportunities - Agriculture

  16. Investment Opportunities - Tourism • Eco Tourism Lodge on Orange River bank - Sendelingsdrift Border Post in the /Ai-/Ais -RichtersveldTransfronteer Park Required: JV Partnership with land owners • Convention Centre - Insufficient conferencing facilities to host major international events. Road to Aussenkehr, /Ai-/Ais and Fish River Lodge Position

  17. Incentives – Manufacturers & Exporters • Corporate Tax: 18% for 10 years • 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

  18. 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.

  19. 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

  20. Commercial Office Support • Trade and investment enquiries • Investment and trade promotion • Facilitation of investment missions to Namibia • Facilitation of business missions from Namibia to South Africa • Participation in trade fairs in South Africa • Guidance on starting a business in Namibia

  21. Where the Namib Desert and the Atlantic Ocean congregates into a natural wonder, we strive to conduct business with peace of mind …… NAMIBIA Thank You

More Related