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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SPECIAL FEATURE<br />
ZIMBABWE<br />
NAMIBIA<br />
BOTSWANA<br />
Limpopo<br />
7%<br />
MOZAMBIQUE<br />
North West<br />
6%<br />
Gauteng<br />
35%<br />
Mpumalanga<br />
7%<br />
SWAZI-<br />
LAND<br />
Northern Cape<br />
2%<br />
Free State<br />
5%<br />
LESOTHO<br />
KwaZulu-<br />
Natal<br />
16%<br />
Western Cape<br />
14%<br />
Eastern Cape<br />
8%<br />
Percentage contribution of each province to national GDP.<br />
SOURCE: STATS SA WWW.STATSSA.GOV.ZA<br />
Trends<br />
Good signs for the economy include:<br />
• Several provincial governments and investment<br />
agencies are establishing trade relations and<br />
study programmes with BRICS countries. State<br />
visits to and from China immediately before and<br />
after a major BRICS summit in 2018 gave an indication<br />
that Ramaphosa holds high hopes for<br />
increased trade with the biggest of the BRICS<br />
nations. Two-way trade between the countries in<br />
2017 was worth $39.1-billion. <strong>South</strong> Africa wants<br />
to grow tourist numbers from China. <strong>South</strong> Africa<br />
became the first country in the world to export<br />
beef to China in 2017, to go with existing exports<br />
of iron ore, platinum and fruit and wine.<br />
• Tourists are visiting <strong>South</strong> Africa in record numbers<br />
(Cape Town’s Air Access programme has<br />
secured tens of thousands of new seats on direct<br />
flights to and from the city).<br />
• Companies are successfully trading into Africa.<br />
• Niche agricultural markets are booming with<br />
macadamia nuts being the most successful.<br />
Pecan nuts have done well and wine and grape<br />
exports to China are growing.<br />
• Private education at school and tertiary level is<br />
growing as a sector.<br />
• New banking licences have been issued and<br />
several more are in the pipeline.<br />
• New stock exchanges came on line in 2017 and<br />
more are expected.<br />
• Investment in infrastructure (especially ICT and<br />
railways) is strong. Nedbank’s report on capital<br />
expenditure in <strong>South</strong> Africa stated that the<br />
29 large projects announced in the first half<br />
of 2018 were valued at R63.9-billion (Financial<br />
Mail). The renewable energy programme<br />
17 SOUTH AFRICAN BUSINESS <strong>2019</strong>
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