AFRICA INNOVATION NETWORK®
in South Africa
Connecting Nordic and South African businesses
Business delegations in 2020
Business delegations in 2020
AFRICA INNOVATION NETWORK
Partnership with us
We are inviting existing South African ecosystems, clusters, investors and companies to become a part of AFRICA INNOVATION NETWORK®. We aim to create the foundation for what is going to be a stimulating Nordic-South African movement and inclusion, Below you´ll find links to our seminars and if you like to be part of AFRICA INNOVATION NETWORK® please contact us through the contact form in the bottom of this page.
Seminars in 2019
- (Kickoff) Johannesburg, October 24th: “How to do business in the Nordics“
Seminars in 2020
- Johannesburg, March 3rd,: “Funding your business in Africa“
- Johannesburg, May: “TBA”
- Johannesburg, June: “TbA”
- Johannesburg, September: TBA”
AFRICA INNOVATION NETWORK® is now embarking on the most ambitious network strategy to date. We do this in cooperation with our local partner InterGest South Africa.
This spot can be yours if you like to promote your business. The fee for local partnership is ZAR 15000 (ex. VAT) a year. As partner you´re automaticaly member of AFRICA INNOVATION NETWORK® with access to any seminar in Africa and the Nordics that we arrange.
Nedbank offers the following solutions through our frontline clusters, Nedbank Corporate and Investment Banking, Nedbank Retail and Business Banking, Nedbank Wealth and the Rest of Africa:
- A wide range of wholesale and retail banking services.
- A growing insurance, asset management and wealth management offering.
- Nedbank Group’s primary market is South Africa, however, Nedbank is continuing to expand into the rest of Africa.
Nordekon Consultancy Company
Nordekon Consultancy Company´s experience goes back to 2003 where they started doing business in Egypt, hereafter Ghana, Tanzania, Kenya, Nigeria and so forth. As of today Nordekon Consultancy Company has carried out business assignments in +37 countries in Africa, making them amongst the most experienced and diverse oriented Nordic business consultants in Africa.
Video: Networking session: “How to do do business in the Nordics”
Video: Consultant, Sarah Skou Andreasen: “How to do do business in the Nordics”
Business in the Nordics
In the Nordics there is a strong focus and commitment towards green transmission, climate change and the UN Sustainable Development Goals (SDG´s) and a sustainable and good governance in general. Below you´ll find some of the driving sectors in the Nordis:
Motor vehicles, telecommunications, pharmaceuticals, industrial machines, precision equipment, chemical goods, forestry, iron and steel, wind turbines, medical equipment, healthcare solutions, digital solutions, shipbuilding, food processing, machinery and transportation equipment, textiles and clothing, electronics, construction, furniture and other wood products, oil/offshore solutions.
Ease of doing business ranking (2020): Denmark: 4th, Norway: 9th, Sweden: 10th, Finland: 20th
(Source: World Bank).
Business in South Africa
South Africa is the second largest economy in Sub Saharan Africa with a GDP on $765.5 billion. South Africa has a highly developed economy and advanced economic infrastructure facilitating a strong business environment. South Africa is one of the world’s largest producers and exporters of gold, platinum, and other natural resources. Also, it has well-developed and well-established financial, legal, communications, energy, and transport sectors. However, changing structures have simultaneously led to new rapidly growing sectors such as ICT, agriculture, mining, manufacturing, tourism, textile, financial services and wholesale and retail trade creating lucrative investment opportunities.
Ease of doing business ranking (2020): South Africa: 84th (Source: World Bank).
(Source: World Bank).
South Africa and the Nordics differ significantly in business procedures, etiquettes and norms, which are essential to be acquainted with in order to maximise chances of success when doing business. South Africa is a diverse country making it complicated to describe one business culture, however, in general the following characteristics of South African business culture differs the most from Nordic business culture; a low level of trust, hierarchical organizational structure, a slower decision-making process and less focus on punctuality. On the contrary, Nordic business cultures are in general characterised with high level of trust, a flat organisational structure, fast decision-making process and great emphasis on punctuality.
The Nordics are among the countries with lowest corruption in the world. The latest (2018) rankings are: Denmark: 1st, Sweden/Finland: 3rd, Norway: 7th, South Africa: 73rd.
(Source: Transparency International).
Managing Director, Mr. Volker Werth
AFRICA INNOVATION NETWORK in South Africa is for South African companies with focus on business in the Nordics. If you would like to apply for membership please send us a message by using the contact form.
Contact our local partner InterGest Ltd (Pty) in South Africa if you have any questions regarding AFRICA INNOVATION NETWORK in South Africa: firstname.lastname@example.org