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Overview of the Construction and Mining Industry in South Africa and How to Buy Equipment.

South Africa

South Africa is an African country located at the continent’s southernmost tip. It shares borders with the South Atlantic and the Indian Ocean.

South Africa has a population of 58.56 million
Capital: Cape Town, Pretoria, Bloemfontein
Official Languages: Zulu (most commonly spoken out of 11 official languages)
Total Area: 1.22 million km²
Currency: Rand (ZAR)

Economic Statistics of South Africa

In 2019, South Africa had a Gross Domestic Product (GDP) of 351.35 billion USD and is now projected to be at 406.79 billion USD by 2025.

Economic Sector Divide

Here’s how the GDP is divided among economic sectors.

Agriculture: 1.88%
Industry: 26%
Services: 61.2%

Trade Statistics

The top import-export partners of the country are:

Major Import Partners

China: 18.5%
The United States 6.6%
Germany: 9.9%.
India: 4.9%
Saudia Arabia: 4.2%

Main Export Partners

China: 10.7%
Germany: 8.0%
United States: 7.0%
United Kingdom: 5.2%
Japan: 4.8%

Industries of South Africa

Mining Industry of South Africa

South Africa holds some of the most valuable natural resources in the world. The most well-known resources include that of platinum, gold, copper, coal, and even diamond. The gold reserves, in particular, are the largest on the African continent.

Today, however, the mining industry’s most prominent precious metal production is platinum – around 263 million metric tons in 2019. Coal reserves also fall in the most important resources of the country. They account for a huge portion of the mining revenue – a quarter in 2020.

Overall, the mining industry has been annually contributing 13.5 billion USD to South Africa’s GDP.

The significance of the South African mining industry doesn’t need more stats. It has a massive demand for high-quality heavy machinery at competitive rates, and Camamach provides you just that.

Construction Industry of South Africa

The construction industry of South Africa accounted for 5.4 billion USD to the GDP in 2020. Though it had more contribution in the prior year, it is now moving in the right direction as the Compound Annual Growth Rate (CAGR) is forecasted at 13.2% by 2024.

The growth will encompass all sectors, including residential projects, commercial building projects, and infrastructural projects. As the construction industry finally becomes profitable, the demand for quality construction equipment is expected to increase. You can take advantage of the opportunities with Camamach where you will find the best equipment at competitive prices.

Seaports and Trading Hubs of South Africa

South Africa shares a border with the South Atlantic Ocean. The main seaports of the country are:

Port of Durban
Port of Cape Town
Port of East London
Port Elizabeth
Port of Rio Tercero

For imports, Camamach uses the Port of Durban, which is also the largest port of Africa.

What heavy machinery or equipment does South Africa Import?

South Africa has some of the largest mineral reserves in the world. The mining industry plays a deciding role in determining economic growth. As for the construction industry, it is also expected to show growth. Some of the equipment imported includes Grinding Equipment, Heavy Duty Trucks, Mobile Crushers, Concrete Batching Plants, Beneficiation Equipment, etc.

What regulations are there on importing equipment to South Africa?

The South African Revenue Service (SARS) has about 90,000 product tariff codes. To import, you must first register with the Customs South Africa office and obtain the SARS importer code.

Documentation

Following documentation is required for shipment in South Africa

Bill of Landing
A Declaration of Origin Form
Commercial Invoice
Detailed Invoice from the supplier
Insurance Certificate
Packing List

For more details on import duties, other regulations, and application forms, you need o visit the South African government website.

Why should South Africa import equipment?

Availability: Foreign producers generally have no equipment shortage compared to domestic suppliers
High Equipment Cost: Domestic producers are often more costly than overseas competitors.
Expensive Equipment: International vendors take into account every aspect and have various other benefits that consumers prefer in the long run.

Where Can I Buy Equipment for South Africa?

Camamach has been exporting equipment in South Africa for years. Feel free to contact us at [email protected] or WhatsApp us at +86-131-2037-9271 for a FREE quotation. We also ship worldwide; for other countries, check out our experience here.