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  • Business culture in South Africa Datum31.01.2023 10:07
    Thema von GibsonJack im Forum Dies ist ein Forum in...

    If you are setting up, doing business, or dealing with partners from that country in South Africa, it is imperative to understand the basics of corporate culture in this particular area. Business meetings and negotiations often start with both parties having unspoken assumptions and certain expectations of their partners. In-depth knowledge of South African business culture can make all the difference between a successful business meeting and a lost business.

    Practical advice on business etiquette in South Africa

    Below is our list of pieces of advice to keep in mind when dealing with South African partners:

    South Africans are unlikely to do business with people they haven't met personally. It is advisable to have a friend introduce you in order to build successful business relationships. If possible, try to draw the partner's attention to South African business references that you already have in your portfolio.

    It is highly recommended that you receive letters of recommendation in case you have done business with mutual contacts of the company or entrepreneur with whom you wish to develop a relationship.

    Most of the time, a first business meeting is more about personal contact and getting to know one another than a direct discussion of business issues. The chances that South Africans will do business with you are much higher if they trust you as a person.

    Keep in mind that almost everything is closed from mid-December to mid-January, as well as during the Easter and most Jewish holidays. Therefore, do not plan your business trips and meetings on these dates.

    Working hours in South Africa are almost the same as in Western countries, including the fact that most of South African companies are closed during weekends. Major exceptions are banks and state office employees, because banks and state authorities are often open in until noon on Saturdays.

    You may face quite a challenge to locate a certain address in South Africa. This may happen because of the way in which the address system works. In case you are driving to a meeting with clients/partners, you better leave early to make sure you have some extra time to find your destination address and to park your car safely. We would recommend taking a cab rather than driving yourself.

    Remember that acceptable business clothes are suits and ties. Shirts preferably in light colours. If you aren’t wearing a jacket, make sure to put on a long sleeved-shirt. In case you are invited to a dinner at someone’s house, a dinner jacket is normally expected. It is advised for women to put on dresses and skirts instead of pantsuits and the former should not be sleeveless, too tight, or very short, as it is considered a bad taste. Keep in mind that winter in South Africa starts in June and lasts until August, so do not forget to dress something warm in case you are visiting during these months.

    Most locals speak English quite well, therefore, it is not required for you to translate documents or materials into any of the African languages.

    South Africans are quite friendly and open, meaning they often express emotions openly. It is a quite common situation when your business partner slaps you on the shoulder, shakes your hand tight, or even holds your hand as a gesture of trust and friendship.

    It is considered polite to offer small gifts to your partners. If you are invited to a house for dinner, do not forget to bring some gift: a box of chocolate, wine, or something similar – it is considered a good gesture and it shows respect for the hosts.

    Always show respect to elders, even in situations when they are not actually a part of the company. Elders are widely respected and usually considered to be extremely wise and experienced; those who disrespect elders openly are often end up being classified as undesirable business partners.

    Speaking of table etiquette and cutlery, the knife should always be kept in the right hand and the fork in left — never switch hands and never wave your hands around while holding cutlery. It is also considered a minor insult to leave food uneaten – so it is advised to plan prior to ordering dishes. Smoking is generally accepted, but only after all the guests has finished their food. Never chat or talk with waiters during the meal.

    It is generally considered impolite to point your finger at anyone, also the V for victory gesture is considered offensive. Remember not have a dialogue while having hands in your pockets.

  • Infrastructure of FranceDatum01.11.2022 15:36
    Thema von GibsonJack im Forum Dies ist ein Forum in...

    The logistics performance index of France is 3.85. It indicates good performance - the logistics system is well prepared and organized, shipments mostly arrive on time and are not damaged, and the infrastructure is ready to handle even unpredictably large volumes of traffic as long as they are not overwhelming.

    Inch performance is rated at 3.65. This indicates satisfactory performance - the customs clearance procedure is generally effective, although a long time can occasionally be a problem; the customs system certainly does not discourage international business activities; required documents and fees are generally publicly available.

    The infrastructure quality in France is rated at 3.98. It indicates good quality - roads, railways, ports and other facilities are adapted and regularly maintained to handle high levels of traffic at all times, and most likely there are special facilities to deal with high-intensity and/or special traffic or vehicles ( e.g. highways a.k.a. freeways and deep-water ports).

    The quality of international shipping is 3.68. It indicates satisfactory performance - the services are reasonable and the prices are not too high and usually correspond exactly to the quality, although there is still room for improvement.

    The competence of logistics service providers is rated at 3.75. Providers are very competent – ​​they ensure high quality of shipments and traffic management at all times, work quickly and reliably; Any errors that may occur are readily compensated.

    Tracking options for shipments are rated at 3.89. This indicates good performance – the tracking systems provide detailed and up-to-date information on most shipment parameters, often crossing national (both political and linguistic) barriers and can be qualified as international tracking systems.

    Tracking options are rated 4.17. This indicates good performance - shipments almost always arrive within scheduled time frames and often faster than expected.

    In France, 100% of the population has access to electricity. France has 464 airports nationwide. There are 17,266,000 internet hosts in France.

    Road network
    The total length of roads in France is 1,028,446 km (639,183 miles). Of these, 11,882 km (7,385 miles) of roads are classified as freeways, dual carriageways, or freeways.

    Gas price
    On average, a liter of petrol costs USD 1.79 in France. A liter of diesel would cost $1.19.

  • Bank account opening in South AfricaDatum17.09.2022 18:37
    Thema von GibsonJack im Forum Dies ist ein Forum in...

    With the right documentation and initial expenses, it is possible for a foreign citizen to open a bank account in South Africa. This international account and investment opportunity offers several advantages based on economic regulations and tax structures. Interest rates, tax laws and fees vary depending on the country in which you invest; Careful research and strategic financial actions could result in significant portfolio growth.

    Legal structures in South Africa
    Each international jurisdiction adheres to different legal structures for taxation and banking. Confidus Solutions helps you understand the nuances of each country's legal structure. In order to do business in South Africa, it is crucial that you have a thorough understanding of the financial and legal ramifications.

    Initial investments
    The vast majority of bank accounts in South Africa require an initial financial outlay to secure the account opening. This value differs from bank to bank and also depends on variable exchange rates. An international financial expert will help navigate these conversions, as well as the various fees and minimums associated with maintaining a bank account. Make sure you understand the interest and growth rates associated with each prospective international bank account so you can maximize your returns while minimizing risk.

    Tax structures in South Africa
    To get the best results and avoid bureaucratic and legal pitfalls, enlist the support of an expert in international finance and economics. This initial investment in proper processes and research will help avoid a litany of long-term costs and fees related to unforeseen errors and legal errors. Language skills, financial know-how and bureaucratic experience ensure that your account opening is processed smoothly and without unintended consequences.

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