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South African Business 2019 edition

The 2019 edition of South African Business is the seventh edition of this annual guide to business and investment in South Africa. Regular pages cover all the main economic sectors of the South African economy and give a snapshot of each of the country’s provincial economies. Feature articles on topical issues such as Special Economic Zones and African trade provide unique insights, together with comprehensive overviews of critical economic sectors. Other special features focus on the exciting new possibilities in renewable energy, airports as engines of regional growth and the maritime sector as an entirely new prospect for South African entrepreneurs and businesses. South African Business is complemented by nine regional publications covering the business and investment environment in each of South Africa’s provinces. The e-book editions can be viewed at www.globalafricanetwork.com

The 2019 edition of South African Business is the seventh edition of this annual guide to business and investment in South Africa.
Regular pages cover all the main economic sectors of the South African economy and give a snapshot of each of the country’s provincial economies. Feature articles on topical issues such as Special Economic Zones and African trade provide unique insights, together with comprehensive overviews of critical economic sectors. Other special features focus on the exciting new possibilities in renewable energy, airports as engines of regional growth and the maritime sector as an entirely new prospect for South African entrepreneurs and businesses.
South African Business is complemented by nine regional publications covering the business and investment environment in each of South Africa’s provinces. The e-book editions can be viewed at www.globalafricanetwork.com

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OVERVIEW<br />

Tourism and events<br />

The events and conferences sector is growing across the country.<br />

<strong>South</strong> Africa gained its 10th World Heritage Site in 2018, opening<br />

up the possibility of a new type of niche tourism for the<br />

country and Mpumalanga in particular.<br />

A three-billion-year-old micro-fossil found in the<br />

Makhonjwa Mountains near Barberton and the border with<br />

Swaziland is thought to be the oldest sign of life on the planet.<br />

Now the Makhonjwa Mountains, themselves somewhere between<br />

3.2-billion and 3.6-billion years old, have been declared a<br />

World Heritage Site by the United Nations Educational‚ Scientific<br />

and Cultural Organisation (UNESCO). The tourist offering near<br />

Barberton has been branded the Genesis route.<br />

There are 711 745 people employed in the tourism industry,<br />

with road transport (29%), food and beverages (20%) and accommodation<br />

(19%) absorbing the largest numbers. The sector<br />

contributes 9% to <strong>South</strong> Africa’s gross domestic product (GDP)<br />

and the National Department of Tourism has ambitious growth<br />

targets. It wants to see tourism contribute R1-trillion to GDP and<br />

create an additional 300 000 jobs by 2026.<br />

Tourist numbers are going up, both from traditional markets and<br />

from newer markets like China and India. In 2017, <strong>South</strong> Africa hosted<br />

SECTOR INSIGHT<br />

A new World Heritage<br />

Site has been declared in<br />

Mpumalanga.<br />

• The Cape Town International<br />

Convention Centre (pictured)<br />

has increased capacity and<br />

flexibility.<br />

10.2-million tourists. This represented<br />

a small increase of just 2%<br />

over the previous year, but that<br />

figure was a 10% improvement<br />

on the year before.<br />

The rise in tourist numbers<br />

follows determined efforts by<br />

national and provincial tourism<br />

bodies to promote the country.<br />

In Mpumalanga, links to BRICS<br />

SOUTH AFRICAN BUSINESS <strong>2019</strong><br />

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