Why KZN
- Starting a Business
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- Starting a Business
Starting a Business - Overview
Requirements for Starting a New Business
Foreign investors starting up new businesses or expanding existing business operations in South Africa require business permits.
| A feasibility study to be presented in the form of a business plan |
| Capital investment of R2.5 million. This may be waivered through the Department of Trade and Industry or provincial investment agencies, such as Trade & Investment KwaZulu-Natal |
| A letter from a South African-registered chartered accountant verifying the investment amount |
| An undertaking to employ at least five South African citizens or residents; and |
| Registration with the South African Revenue Services – www.sars.gov.za |
Permits for Foreign Employees
The movement of people into South Africa and KwaZulu-Natal is controlled by the country's Immigration Amendment Act (No. 19 of 2004). In terms of this Act, foreigners require work permits to work in the country. If, however, their skills are in high demand at the time of their application, they may apply for Quota Work Permits or Exceptional Skills Work Permits, which quickens the process of being employed in South Africa.
The Intra-company Transfer Work Permit allows multi-national companies to deploy employees from other countries to work in their South African offices for a period of four years.
Foreign Exchange
There are no restrictions on foreign companies intending to invest in share capital. Administration in terms of portfolio investment is undertaken through the South African Reserve Bank. There are also no restrictions on the removal or repatriation of investment income or capital gains by non-residents.
All loans to South African residents from outside the common monetary area require prior exchange control approval.
Royalties, licence and patent fees for non-residents, where non-local manufacturing is involved, must be approved by the South African Reserve Bank.
The Companies and Intellectual Property Commission (CIPC) , a unit of the Department of Trade and Industry (DTI) www.thedti.gov.za, approves all manufacturing patents.
For more information, log onto www.reservebank.co.za
Registering a Business
Business registrations are undertaken by CIPC. The following business types may be formed by foreign investors:
| Company (Proprietary Limited) |
| Close Corporation (CC |
| Partnership |
| Sole Trader |
| Joint Venture |
| Local branch of a foreign company; and |
| Business Trust |
Main functions of CIPC:
| Registration of Companies, Co-operatives and Intellectual Property Rights (trade marks, patents, designs and copyright) and maintenance thereof |
| Disclosure of Information on its business registers |
| Promotion of education and awareness of Company and Intellectual Property Law |
| Promotion of compliance with relevant legislation |
| Efficient and effective enforcement of relevant legislation |
| Monitoring compliance with and contraventions of financial reporting standards, and making recommendations thereto to Financial Reporting Standards Council (FRSC) |
| Licensing of Business rescue practitioners |
| Report, research and advise Minister on matters of national policy relating to company and intellectual property law |
Further details on the institutional arrangements and information on registering each of these business types may be obtained from CIPC.
Call Centre: 086 100 2472 (CIPC)
International Tel: +27 12 394 9973
Fax Number: 086 517 7224
International Fax: +27 12 394 1015
Email: info@cipc.co.za
Financials: financialstatements@cipc.co.za
Docex: 256 Pretoria
Links:
CIPC -Companies and Intellectual Property Commission(CIPC) www.cipc.co.za
SARS - South African Revenue Services
www.cipc.co.za
SABS - South African Bureau of Standards
www.sabs.co.za
CSIR - Council for Scientific and Industrial Research
www.csir.co.za
Existing Investors
| COMPANY NAME | SOURCE COUNTRY | WEBSITE |
|---|---|---|
| Andina Group South African Calcium Carbide – [SACC] | Spain | www.andinagroup.com |
| Arcelor Mittal | Luxembourg | www.arcelormittal.com |
| Siemens | Germany | www.siemens.co.za |
Amajuba District Municipality
Amajuba District Municipality is situated within the north western corner of the KwaZulu-Natal. The district has abundant water, a reliable labour force, well developed transport infrastructure, first world educational, medical an
Contact Details
- MM: Mr Vusi Kubheka
Private Bag X6615 Newcastle 2940
B 9356 Madadeni 2951
Tel: 034 329 7200
Fax: 034 314 3785
E-mail: vusik@amajuba.gov.za Website: www.amajuba.gov.za
| Local Municipality | Telephone | Facsimile | |
|---|---|---|---|
| Newcastle | 034 328 7600 /1 | 034 312 7089 | mm@newcastle.gov.za |
| Madlangeni | 034 331 3041 | 034 331 4312 | stephaniej@emadlangeni.gov.za |
| Dannhauser | 034 621 2666/7/3080 | 034 621 3114 | municipalmanager@dannhauser.gov.za |
Other Projects
The government projects are the responsibility of each respective government department, therefore TIKZN is not responsible for the updating of this information. For further assistance, kindly contact the department responsible directly. Follow this link for available projects:
http://www.kwazulunatal.gov.za
GALLERIES
Despite the fact that KwaZulu-Natal covers such a small portion of South Africa's land area, a significant percentage of the country's small-scale farmers are based here. Agriculture in KwaZulu-Natal is extremely diverse and is reflected in the patterns of its topography. Most of the world's agricultural activities can be practised here. Due to the good reliable rainfall and fertile soils, the region's agricultural sector has become very productive, and is known for its specialist capability in several types of farming. The Province has a total of 6.5 million hectares of land for farming purposes of which 82% is suitable for extensive livestock production and 18% is arable land.
Types of Agriculture
The agricultural sector is focused mainly on the following:
Crops: Sugar, Maize
Horticulture: Sub-tropical fruits especially pineapples and bananas, Cashew nuts, Potatoes, Vegetables
Animal Husbandry: Beef, Sheep (mutton and wool), Pigs, Poultry
Forestry: SA Pine, Saligna, Black Wattle, eucalyptus, poplar,
There is tremendous potential for agricultural expansion in KwaZulu-Natal. It has been conservatively
estimated that if the agricultural natural resources were optimally managed, the present production yield
could be increased dramatically, thus unlocking the full agricultural production potential of KwaZulu-Natal.
Social Programmes
The social programs and the government/private sector joint projects that have been facilitated and implemented by the sugar industry bear testimony to the industry's conscious commitment to the socio-economic and welfare upliftment of its employees. The key challenge for the sugar cane industry remains the maintenance of competitiveness in relation to other world-class producers and industries.