South Africa
"In recent years South Africa has begun to benefit from the economic
reforms enacted throughout the last decade. Recovering from the 2009
recession, we expect to see modest growth this year and new investments.
With the success of the World Cup, which re-introduced the world to a
vibrant and market friendly South Africa, we see much potential in many
sectors." – Fred Hochberg, Chairman, Export-Import Bank of the U.S.
Activity by Sector FY07-12
South Africa's modern, well-diversified economy is the largest in
Africa. The country continues to be an attractive place to do business
because of its strong institutions, developed infrastructure, political
and economic stability, stable banking sector, rich natural resources,
and role as a financial and business center. It has a large domestic
market and is well-positioned technologically to be able to compete in
the global marketplace.
- Hartswater, Northern Cape: The Export-Import Bank
of the United States approved a request from Delta Technology
Corporation of Houston, Texas, to support the sale of two electronic
color peanut sorters to P-Farms Agente BK of Hartswater, South Africa in
the amount of $151,063. With the use of Ex-Im Bank's single sale,
multiple shipment insurance policy, the exporter, Delta Technology
Corp., was able to directly finance this transaction over a two year
period.
- Pretoria, Gauteng: Legacy Medical of Pretoria was
able to purchase $50,000 of nonvascular stents from Alveolus Inc., a
small business located in Charlotte, North Carolina. Alveolus used a
multi-buyer, small business insurance policy from the Export-Import Bank
of the United States to support this sale.
- Johannesburg, Gauteng: The Export-Import Bank of
the United States provided $186 million in long-term loan guarantees to
finance the acquisition by South African Airways of two B747-400
commercial aircraft from The Boeing Co., Seattle, WA. The aircraft each
have four installed engines manufactured by General Electric Co.,
Cincinnati, OH. The airline is using the new B747-400s to expand the
capacity of its B747 fleet which serves inter-continental routes, and
initially planned to operate the two planes exclusively on its
Johannesburg to London route.
- Naboomspruit, Limpopo: JH Steenkamp, a sunflower
grower based in Limpopo Province, purchased a $300,000 John Deere Model
4730 self propelled sprayer from Deere & Company, Moline, Illinois.
A medium term loan guarantee from Ex-Im Bank was utilized to help the
buyer obtain financing at a competitive rate.
- Glen Anil, Kwazulu-Natal: Cast Industries,
Springfield, Illinois, sold $45,000 of fishing lures to Goya Trading of
Kwazulu-Natal Province. The transaction was facilitated by a short term
insurance policy purchased from Ex-Im Bank, which protects Cast
Industries from non-payment risks.
For additional questions or information, please contact
Ex-Im Bank Business Development Staff
Mr. Rick Angiuoni
Regional Director for Africa
E-Mail: rick.angiuoni@exim.gov
Mr. Benjamin S. Todd
Business Development Officer for Africa
E-Mail: ben.todd@exim.gov
Commercial Service Office
http://www.buyusa.gov
U.S. Embassy in the Country
http://pretoria.usembassy.gov
Country Embassy in U.S.
http://www.saembassy.org
page last updated 2012-Sep-26
"In recent years South Africa has begun to benefit from the economic reforms enacted throughout the last decade. Recovering from the 2009 recession, we expect to see modest growth this year and new investments. With the success of the World Cup, which re-introduced the world to a vibrant and market friendly South Africa, we see much potential in many sectors." – Fred Hochberg, Chairman, Export-Import Bank of the U.S.
Activity by Sector FY07-12
South Africa's modern, well-diversified economy is the largest in
Africa. The country continues to be an attractive place to do business
because of its strong institutions, developed infrastructure, political
and economic stability, stable banking sector, rich natural resources,
and role as a financial and business center. It has a large domestic
market and is well-positioned technologically to be able to compete in
the global marketplace.
- Hartswater, Northern Cape: The Export-Import Bank
of the United States approved a request from Delta Technology
Corporation of Houston, Texas, to support the sale of two electronic
color peanut sorters to P-Farms Agente BK of Hartswater, South Africa in
the amount of $151,063. With the use of Ex-Im Bank's single sale,
multiple shipment insurance policy, the exporter, Delta Technology
Corp., was able to directly finance this transaction over a two year
period.
- Pretoria, Gauteng: Legacy Medical of Pretoria was
able to purchase $50,000 of nonvascular stents from Alveolus Inc., a
small business located in Charlotte, North Carolina. Alveolus used a
multi-buyer, small business insurance policy from the Export-Import Bank
of the United States to support this sale.
- Johannesburg, Gauteng: The Export-Import Bank of
the United States provided $186 million in long-term loan guarantees to
finance the acquisition by South African Airways of two B747-400
commercial aircraft from The Boeing Co., Seattle, WA. The aircraft each
have four installed engines manufactured by General Electric Co.,
Cincinnati, OH. The airline is using the new B747-400s to expand the
capacity of its B747 fleet which serves inter-continental routes, and
initially planned to operate the two planes exclusively on its
Johannesburg to London route.
- Naboomspruit, Limpopo: JH Steenkamp, a sunflower
grower based in Limpopo Province, purchased a $300,000 John Deere Model
4730 self propelled sprayer from Deere & Company, Moline, Illinois.
A medium term loan guarantee from Ex-Im Bank was utilized to help the
buyer obtain financing at a competitive rate.
- Glen Anil, Kwazulu-Natal: Cast Industries, Springfield, Illinois, sold $45,000 of fishing lures to Goya Trading of Kwazulu-Natal Province. The transaction was facilitated by a short term insurance policy purchased from Ex-Im Bank, which protects Cast Industries from non-payment risks.
For additional questions or information, please contact
Ex-Im Bank Business Development Staff
Mr. Rick Angiuoni
Regional Director for Africa
E-Mail: rick.angiuoni@exim.gov
Mr. Benjamin S. Todd
Business Development Officer for Africa
E-Mail: ben.todd@exim.gov
Commercial Service Office
http://www.buyusa.gov
U.S. Embassy in the Country
http://pretoria.usembassy.gov
Country Embassy in U.S.
http://www.saembassy.org
page last updated 2012-Sep-26