Protect your Export Business to Europe
Multiple countries has contacted the Middelburg Chamber of Commerce seeking verification of the authenticity of the South African business they are importing from, both in 2023 and January of this year.
The Financial Action Task Force added South Africa to its “grey list” for increased monitoring on 24 February 2023. In August 2023, the Department of Social Development revealed that less than 7,000 out of approximately 18,000 registered NPOs in Mpumalanga complied with the NPO regulations. And that more than half of the 256,212 NPOs registered in South Africa since 2002 were non-compliant. The Beeld of 29 January 2024 posted an article of a Moody’s report stated that 61,000 companies have the same address. No wonder MCCI is receiving these enquiries.
Global companies are aware of and utilize the extensive Chamber of Commerce network in the global economy. To ensure the credibility of a company they are buying from, importers can rely on the speed and safety of verifying the exporter’s chamber membership.
MCCI encourages businesses exporting to Europe to reach out for additional details. Feel free to reach out to Christo Stemmet at firstname.lastname@example.org.