Foreign companies wishing to establish a local branch in South Africa must register the branch as an external company with the Registrar of Companies within 21 days of establishing an office. The most common business entities in South Africa are: Private companies Pty (Ltd); Public companies (Ltd); Close corporations. Private companies are commonly used by foreign investors owing to the minimal annual formalities required. The directors need not be SA residents or nationals. Public companies are formed to raise funds by offering shares to the public and there is no limit to the number of shareholders.
SABS is a statutory body that was established in terms of the Standards Act, 1945 (Act No. 24 of 1945) and continues to operate in terms of the latest edition of the Standards Act, 2008 (Act No. 29 of 2008) as the national institution for the promotion and maintenance of standardization and quality in connection with commodities and the rendering of services.
SABS publishes national standards which it prepares through a consensus process in technical committees, provides information on national standards of all countries as well as international standards
SABS tests and certifies products and services to standards
SABS develops technical regulations (compulsory specifications) based on national standards, monitors and enforces compliance with such technical regulations
SABS monitors and enforces legal metrology legislation
SABS promotes design excellence
SABS provides training on aspects of standardization.