The document summarizes a presentation given by Bonaventura Hinda, the Commercial Counsellor of the High Commission of Namibia, to the Durban Chamber of Commerce and Industry. The presentation provides an overview of Namibia's economy, trade statistics, investment opportunities and incentives. Key points include Namibia's stable growth rate of around 5%, its trade agreements providing access to markets in Africa, Europe and America, opportunities in agriculture, manufacturing and energy projects, and incentives for manufacturers and exporters such as tax reductions and cash grants.
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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%
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
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