South Africa - Imports and Exports

Paper Summary:

This paper provides data and information about South Africa's imports and exports. It explains that energy is key to South Africa's economy and coal is one of its most important exports. Although only one-third of coal produced in South Africa is exported, primarily to the European Union (EU) and also to East Asia, in fact, South Africa was the world's third largest net coal exporter in 2002. The paper also looks at how the country is involved in the international financial community and how it assists other African countries.

From the Paper:

"Although the sister South Dunes Coal Terminal (SDCT) opened in 2000 to facilitate the participation of empowerment corporations in the coal export sector, RBCT exporters and the SDCT partners agreed in June 2001 to expand the RBCT facility as well. Because no brand new rail infrastructure is needed, RBCT's expansion is considered the most cost-effective method of increasing South Africa 's coal export capability to the world at large. In fact, RBCT's expansion will increase its South Africa's export capacity by 11 mmst. SDCT firms will be permitted to export up to 7.2 mmst per year from this newer terminal. In March 2002, SDCT firms secured $41 million of the proposed expansion's $52 million total estimated cost. The last $11 million is to be financed by RBCT shareholders. The first shipment of coal by an empowerment entrant was loaded at the RBCT in October 2003. The RBCT's fully planned expansion is expected to be completed in 2005."

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