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July 3, 2022
BUSINESS SUPPLEMENTS

Economic relations between South Africa and Romania

Trade Statistics:

Trade between SA and Romania is in Romania’s favor:

  • SA export to Romania            :           2012 –    29,549 000    Euro

2013 –    31 591 000    Euro

  • SA imports from Romania      2012 –   79,658, 000    Euro

2013 – 131 527 000     Euro

Romania’s export/ import Statistics to and from South Africa 2013, 2014

 

2013

2014
Export Import Export Import  

133.19 million Euro 31.97 million Euro 183.97 million Euro 33.97 million Euro
Growth % (2013-2014) 38.12% 6.25%

 

South Africa’s Major Exports to Romania:

 

Exports % of total exports
1 Mineral fuels, oils, distillation products, etc 48%
2 Machinery, nuclear reactors, boilers, etc 25%
3 Vehicles other than railway, tramway 17%
4 Salt, sulphur, earth, stone, plaster, lime and cement 1.19%
5 Beverages, spirits and vinegar 0.8%
6 Ores, slag and ash 0.82%
7 Electrical, electronic equipment 8%
8 Optical, photo, technical, medical, etc apparatus 7%
9 Iron and steel 0.66%
10 Fertilizers 5%

South Africa’s Major Imports from Romania:

 

Imports % of total Imports
1 Machinery, nuclear reactors, boilers, etc 65%
2 Cereals 62%
3 Electrical, electronic equipment 41%
4 Rubber and articles thereof 18%
5 Commodities not elsewhere specified 15%
6 Vehicles other than railway, tramway 12%
7 Soaps, lubricants, waxes, candles, modelling pastes 10%
8 Tobacco and manufactured tobacco substitutes 8.1%
9 Articles of apparel, accessories, not knit or crochet 7%
10 Pharmaceutical products 4%

What does South Africa have that Romania needs:

  • SA Commodities
  • Fertilizers
  • Mineral fuels and Machinery
  • Automotive products
  • Square Km Array (SKA) cooperation
  • Gateway for Romanian business into Africa

What does Romania have that South Africa needs:

  • Super-laser to be used in the fields of  medicine, nuclear waste management, prevention of terrorism etc.
  • Nanotechnology and IT&C Expertise
  • Romanian Emergency Rescue Services (SMURD) expertise
  • Machinery (import 65% from Romania)
  • Cereals (import 62% from Romania)
  • Electronic Equipment (import 41% from Romania)
  • Pharmaceutical products
  • Agriculture
  • Tourism; rural tourism ; health tourism (balneal tourism)
  • Mining
  • green energy: wind power and solar power
  • Facilities: low income/profit  taxes, low prices, low labour costs / cheap workforce, skilled workforce, English speakers
  • Constanta port: sea transport from Durban, cheaper and shorter than travel to Rotterdam port.
  • Education cooperation possibilities (Science, ITC and Health) and Vocational training possibilities

 

South Africa – Romania Trade & Investment:

 

The Trade Agreement between South Africa and Romania, signed on 25 Oct 1990,  became obsolete and was terminated when Romania became a member of the EU on  1 Jan 2007.   All trade is now based within the Trade, Development and Cooperation Agreement (TDCA).

 

South African companies that already invested in Romania:

 

South African companies are registered in 3rd countries for tax purposes and are not reflected in official analysis as South African investments, although the bulk of the capital originates from South Africa.

 

South Africa’s direct investments in Romania include:

  • New Europe Property Investments (NEPI),
    • regarded as the most active real estate investor on the local market.
    • It is currently ranked amongst the 10 largest foreign investors in Romania by having property of more than 200 000 m² and acquired assets amounting to more than 1.041 billion Euro (approx. 15 billion Rand).
  • URSUS – a subsidiary of SABMiller,
  • PayU Romania;
  • eMag:  (Naspers group) – Romania’s biggest online retailer – 7 million euro sales between 25-27 June and 140000 products were ordered; sales were 4 x higher than same time last year.
  • ROMBAT – a car battery company
  • Blue Projects – Project Management Company
  • Wild Olive – a cosmetic company
  • KIKA – owned by Steinhoff

 

  • Romanian South African Business Association (ROSABA)
  • Had a meeting on 7 June 2014 with the Customs Authority
  • An Agreement signed between the ports of Durban and Constanta

(*Source: South Africa’s Embassy to Romania)

 

 

 

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