SOUTH AFRICA

BY
SHREYA GUPTA (ROLL NO. -48)
ZARA SABRI (ROLL NO.- 15)
 ●The rand (sign: R; code: ZAR) is the currency of South Africa. The
Rand is legal tender in the Common Monetary Area between South
Africa, Swaziland (Eswatini), Lesotho, and Namibia, although the
RELATIONSHIP last three countries do have their own currencies pegged at par
with rand.
BETWEEN
INDIAN AND ●The Indian rupee (sign: ₹; code: INR) is the ofcial currency of
SOUTH AFRICAN India. The rupee is subdivided into 100 paise (singular paisa),
though as of 2018, coins of denomination of 50 paise or half rupee
CURRENCY is the lowest value in use. The issuance of the currency is controlled
by the Reserve Bank of India.
●1 South African Rand equals 5.24 Indian Rupee as of 30 th January.
 Country: South Africa, Value in Million $ US
COMMODITY 2016-17 2017-18 %Growth
➢Vehicles Other Than Railway Or Tramway Rolling Stock, And Parts And
Accessories 664.5 879.4 32.4
➢Mineral Fuels, Mineral Oils And Products Of Their Distillation; Bituminous
Substances; Mineral Waxes. 904.2 779.7 -13.8
➢Pharmaceutical Products 393.8 485.8 23.4
➢Nuclear Reactors, Boilers, Machinery And Mechanical Appliances; Parts Thereof.
137.6 185.2 34.6
➢Organic Chemicals 159.7166.3 4.1
EXPORTS ➢Electrical Machinery And Equipment And Parts Thereof; Sound Recorders And
Reproducers, Television Image And Sound Recorders And Reproducers And
FROM INDIA Parts.
85.9 124.1 44.5

➢Articles Of Apparel And Clothing Accessories, Knitted Or Crocheted.

109.6 107.2 -2.2
➢Plastic And Articles Thereof. 73.4 85.1 15.9
➢Articles Of Iron Or Steel 65.1 73.6 13.2
 Country: South Africa, Value in Million $ US
Commodity 2016-17 2017-18 %Growth
➢Mineral Fuels, Mineral Oils And Products Of Their Distillation; Bituminous
Substances; Mineral Waxes 2,209.9 3,140.0 42.1
➢Natural Or Cultured Pearls , Precious Or Semiprecious Stones ,Pre.Metals
,Clad With Pre.Metal;Coin. 2,271.0 1,813.7 -20.1
➢Ores, Slag And Ash. 392.2 705.2 79.8
➢Pulp Of Wood Or Of Other Fibrous Cellulose Material; Waste And Scrap Of
IMPORTS TO Paper Or Paperboard. 212.3270.5 27.4
➢Iron And Steel 154.2 192.2 24.6
INDIA ➢Nuclear Reactors, Boilers, Machinery And Mechanical Appliances; Parts
Thereof. 139.9 159.3 13.9
➢Inorganic Chemicals; Organic Or Inorganic Compounds Of Precious Metals,
Of Rare-Earth Metals, Or Radi. Elem. Or Of Isotopes.
71.8 85.1 18.5
➢Aluminum And Articles Thereof. 68.8 68.5-0.4
➢Organic Chemicals 46.0 68.148.3
➢ South Africa reminds Nelson Mandela crusader of peace and nobility. South Africa has reserves of oil
fields and natural pearls & precious metals. India imported goods worth 6.8 billion US dollars and
exported 3.8 billion USD with a trade deficit of 3 billions.

➢ Export to South Africa increased by 7.9% in FY 2017-18

➢ Import from South Africa increased by 17.2%

➢ India’s export to South Africa in 5 years is highest in 2014-15 at 5.3 billions USD.

➢ India’s import from South Africa is highest in 2017-18 at 6.83 billions USD.

➢ Trade balance is in favor of South Africa in tune of 3 billions USD.

➢ India’s total export was highest in 2013-14 at 314 billion USD in last 5 years.

➢ India’s import from South Africa is up and it has been increased by 12.5%
 SACU-India PTA
➢ Southern African Customs Union (SACU) consists of South Africa,
Botswana, Lesotho, Namibia and Swaziland. It was established in 1910,
making the oldest customs union in the world.
➢ The governments of the Southern African Customs Union member states
and India have proclaimed a mutual interest to conclude a preferential trade
agreement before the end of 2006. The mooted PTA is aimed at cementing
and expanding the burgeoning trade relations between SACU and India.
AGREEMENTS ➢MAIN OBJECTIVE -Tariff reductions on selected goods.
➢PRODUCTS INVOLVED-SACU and India are in the process of exchanging
tariff requests.
➢The Southern African Custom Union (SACU) is the oldest Customs Union in
the world established in. Five rounds of negotiations have been held so far.
The first round of negotiations was held in Pretoria on October 5th-6th, 2007
and the 5th round of negotiations was held in New Delhi from 7th to 8th
October, 2010. The two sides exchanged their respective ‘Tariff Preference
Request Lists’ at the Indian High Commission in Namibia.
IBSA
➢The IBSA Dialogue Forum (India, Brazil, South Africa) is an international
tripartite grouping for promoting international cooperation among these
countries.
➢It represents three important poles for galvanizing South-South cooperation
and greater understanding between three important continents of the
developing world namely, Africa, Asia and South America.
➢ The forum provides the three countries with a platform to engage in
discussions for cooperation in the field of agriculture, trade, culture, and
defence among others.
➢The IBSA Dialogue Forum aims to promote South-South cooperation and
build consensus on issues of international importance. It also aims at
increasing the trade opportunities among the three countries, as well as
facilitate the trilateral exchange of information, technologies and skills to
complement each other strengths.
➢Subsequently, it promotes the international poverty alleviation and social
development with main focus being on equitable development.
 • Prime Minister Narendra Modi and President Ramaphosa will hold delegation level
talks on bilateral, regional and global issues of mutual interest. Both the leaders will
also address the India-South Africa Business Forum with the objective to grow
business ties between the two countries. Both countries have close cooperation in the
areas of vocational training and capacity building.
• Enhanced engagement between India and South Africa and greater cooperation in
areas including military to military, maritime security, skill development, and
agriculture and information technology will be the focus of delegation level talks
when leaders of the two countries meet later this month. The two countries have set a
CURRENT trade of $20 bn by 2021.

NEWS • The India-South Africa Business Summit will be held on April 29-30 at the Sandton
Convention Centre here with the theme - 'United by Legacy, Unified for Prosperity' -
reflecting the shared histories of the two countries. Seven parallel breakaway sessions
will focus on start-ups, and automotive, health care, pharmaceuticals, mining, agro-
processing, women in business and the fourth industrial Revolution, which have been
identified as sectors with potential for growth in a bilateral context.
THANK YOU