Market access
Several factors make the prospect of investing in SA's textiles, clothing and footwear market attractive.
Most significant, perhaps, is the fact that South Africa has trade agreements with the European Union and the United States whereby the country enjoys a 17.5% duty advantage. In the case of the US, textile exports have increased by 62% since the advent of the Africa Growth and Opportunity Act (Agoa).
South Africa will soon also have preferential access to the Southern African Development Community (SADC) region, thanks to the SADC Free Trade Agreement, which will be in full operation in 2008.