Since 1994 there has been a focus on economic growth and transformation in South Africa. In terms of the Constitution of the Republic of South Africa, 1996, the South African government is required to promote social and economic development in South Africa by developing policies and legislation to support this mandate, on a national and provincial level.

The Department of Trade and Industry (DTI)

The DTI is the national investment and economic development arm of the South African government. The DTI's purpose is, inter alia, to increase foreign investment in South Africa through the promotion of investment, trade and enterprise development.

The DTI provides economic incentives to qualifying companies for various economic activities, such as manufacturing, business competitiveness, export development and market access, as well as foreign direct investment.

There are three broad categories of economic incentives:

  • industrial development incentives;
  • broadening participation incentives; and
  • trade, export and investment incentives.

Provincial Promotional Agencies

The provincial promotional agencies in South Africa are as follows:

  • Gauteng: Gauteng Growth and Development Agency;
  • Western Cape: Western Cape Investment and Trade Promotion Agency;
  • North West: Invest North West;
  • Northern Cape: Northern Cape Economic and Development Agency; Mpumalanga: Mpumalanga Economic Growth Agency;
  • Limpopo: Trade and Investment Limpopo;
  • KwaZulu-Natal: Trade and Investment KwaZulu-Natal;
  • Free State: Free State Development Corporation;and
  • Eastern Cape: Eastern Cape Development Corporation;

Service offerings of the promotional agencies are as follows:

  • hosting and co-ordinating foreign business delegations;
  • assistance regarding company registrations, visas or work permits and tax;
  • providing and disseminating market intelligence on sectoral and regional economic data;
  • facilitating access to national and local government incentives;
  • site identification and evaluation;
  • matchmaking investors with businesses; and
  • promotion of business events/exhibitions.

Dentons South Africa has special relationships with these promotional agencies and can facilitate engagement with them as may be required.

Dentons is the world's first polycentric global law firm. A top 20 firm on the Acritas 2015 Global Elite Brand Index, the Firm is committed to challenging the status quo in delivering consistent and uncompromising quality and value in new and inventive ways. Driven to provide clients a competitive edge, and connected to the communities where its clients want to do business, Dentons knows that understanding local cultures is crucial to successfully completing a deal, resolving a dispute or solving a business challenge. Now the world's largest law firm, Dentons' global team builds agile, tailored solutions to meet the local, national and global needs of private and public clients of any size in more than 125 locations serving 50-plus countries.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.