Notification of acceptance of the full specification of the UTLS patent application in South Africa
The Republic of South Africa (RSA) has the easiest and cheapest procedure for translating international patent applications (PCT) into the national phase. South Africa is the "gateway to Africa."
In 2022, Tiaglin D.V. was notified by the South African Company Registration and Intellectual Property Office (www.cipc.co.za) that the owner of the invention had accepted the full specification of the Urban Transport and Logistic System (UTLS) patent application, which had been filed under the national phase of the Patent Cooperation Treaty (PCT) of 1970. Once the application has been published in the Е-Patent Journal, the UTLS patent is considered valid as of the date of publication.
Under the provisions of the Patent Act of 1978 in South Africa, examination consists only of a formal examination that checks the application for compliance with formal requirements, which is conducted after the date of filing. In case of a positive decision of the examination, registration, publication in the official gazette and issuance of a patent for the invention takes place within 2 months after registration. There is no state fee for the granting of a patent in South Africa.
Given the features of the claimed technical solution, the application and the granting of a patent in South Africa, there is a probability of obtaining a national title of protection for UTLS in the shortest possible time.
Obtaining a patent for UTLS in South Africa seems promising. The country is the leader among all African countries in terms of economic development. It accounts for about 28% of GDP, 40% of industrial and 30% of agricultural production of the entire continent. South Africa's economy is growing steadily and ranks 17th in the world in terms of GDP. This success is due to the abundance of raw materials, a wide range of extractable land resources, an extensive advanced technological base, and a market for fairly cheap skilled and unskilled labor. Also, the driving force behind the country's economic recovery is a sound economic policy that, coupled with structural reforms, has helped the country achieve faster economic growth while slowing inflation, strengthening the public financial system, and increasing foreign economic influence.
The country enjoys a favorable financial and investment climate with clear and reliable banking and insurance services. The attraction of investors is supported by legislation. The interest in direct investment leads the South African government to allow promising foreign investors to establish enterprises that are 100% owned by them, provide investors with access to the markets of African and Indian Ocean countries, provide relatively cheap electricity, open free access to natural resources. The country has created the same legal conditions for foreign and local investors without restrictions on price controls, the amount of capital of enterprises, the export of profits and dividends, and so on. The most popular areas of investment in South Africa's economy are telecommunications, energy, light industry, and automobile manufacturing. The main investors are the USA, Great Britain, Germany, Australia, and Malaysia.