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RenCap’s Sacks Aims to Complete South Africa Hires in 6 Months
March 4 (Bloomberg) — Clifford Sacks , hired by Renaissance Capital from Bank of America Merrill Lynch to build its African equity business, plans to complete the hires he needs for the Johannesburg-based operation over the next six months.

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Quality Stocks Daily Video 8/21/2008

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South Africa Export Import

Of all the countries on the continent of Africa, none are as fast growing and as advanced as South Africa. South Africa is classified as a middle-income economy and has an abundant supply of natural resources. It has a well-developed economy and is experiencing steady growth. Its stock exchange ranks amongst the top 20 in the entire world. It has a strong infrastructure that distributes goods to regional urban centers with high levels of efficiency.

Even though the development is centered on the chief urban areas, it is spreading outwards as well. Given the total potential of the country, it is no wonder that investors are flocking to the region.

You can make a lot of money in South Africa as an exporter and also as an importer. It is a country that is rich in raw materials and has the financial infrastructure in place that will make your trading activities much easier.

The main aim of any exporter is to better the competition either with better quality or with lower price or both. Trading in goods from South Africa can give you both of these advantages. The country produces a lot of minerals and raw materials that are required in industries all over the world. This gives you a very rich market to sell to as an exporter. However, that also means that there is a lot of fierce competition out there. After all, a lucrative market is always a crowded one. That is unless you can find a niche for your self that you know very well.

Usually this niche would be an area that you have studied or have extensive experience in or both. That will give you the knowledge and understanding that is essential in dealing with niche markets. Once you understand this market, you will know exactly what to do. You have to build your contacts both inside and outside the country. However, if you can gain exclusivity over the best products in the market, finding good deals for your goods will be a lot easier.

Being a growing economy and a country that is rich in natural resources, South Africa requires a lot of different imports for all of the major industries. Thus, it requires imported mining equipment, electronic goods and also general consumer products for mass consumption. The urban areas have consumers who can afford imported luxury items and hence that too is an accessible and profitable market.

Hence as an importer you can easily take your pick from the vast number of different goods that the market imports from the outside. If you have a specialty, you can capitalize on that. Else you can start out as a general trader and then narrow down your focus to something that you feel you understand best. The import/export business is all about the right time and the right place. South Africa has a lot of opportunities for enterprising businessmen but it is up to you to grab the opportunities and turn them into profit.
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