South Africa flag South Africa: Investing in South Africa

Investment framework and opportunities in South Africa

Procedures Relative to Foreign Investment

Freedom of Establishment
Acquisition of Holdings

Companies have to appoint a South African resident as the company's legal representative. Any acquisition or disposal by a non-resident entity or person of shares in a South African resident, unlisted company requires approval by the Financial Surveillance Department of the South African Reserve Bank, or one of its Authorised Dealers, under the Exchange Control Regulations. Moreover, foreign companies have to appoint an auditor.

Obligation to Declare
No government approval is required for foreign investors to establish a new business or invest in South Africa apart from the approval required under the Exchange Control Regulations.

The investor will be required to appoint a consultant, auditor, and/or legal advisor to register a company on his/her behalf. The company should be registered within 21 days and must also register with the tax office.

InvestSA, the agency responsible for the promotion of foreign investment in the country, provides advice on where to locate and facilitates regulatory steps such as licensing, company registration and work permits, as well as providing details of financial institutions and funding opportunities.

Requests For Specific Authorisations
South Africa maintains a relatively open investment regime for FDI. Restrictions on foreign investment are not codified in any specific piece of legislation. However, foreign ownership is limited in the following sectors: agriculture, fisheries and marine, broadcasting and print media, defense force, energy and mineral resources and telecommunications and transport.

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Investment Opportunities

Investment Aid Agency
The New Partnership for Africa's Development
Tenders, Projects and Public Procurement
South African Government Information, Tenders
SA-Tenders, Tenders in South Africa
Tenders Info, Tenders in South Africa
DgMarket, Tenders Worldwide
Other Useful Resources
South Africa Economic Outlook (African Development Bank Group)

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Latest Update: June 2024