433369666-The-Case-for-Investing-in-South-Africa

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SOUTH AFRICA AT A GLANCE
• South Africa has the most developed, diversified and technologically advanced economy on the African
continent. Its economy is the 30 th -largest in the world, and one of the three largest in Africa. According to the
World Economic Forum’s 2019 Global Competitiveness Report, South Africa ranks 35 th for its domestic market
size.
• South Africa has a world-class financial sector, ranking 19 th out of 141 countries in the Financial System pillar
of the WEF’s Global Competitiveness Index 2019, and is the investment location of choice for multinationals in
Africa.
• South Africa’s early-stage entrepreneurs generally display a higher appetite for product and technological
innovation compared to the African average, with a high orientation towards the business services sector (Global
Entrepreneurship Monitor, 2018).
• South Africa ranked first in Africa in the World Bank’s Logistics Performance Index (LPI) for 2018. Its world-class
transport infrastructure includes the most advanced and largest air, rail and port networks on the continent. The
country has eight ocean economy seaports.
• South African exports represented 0.5% of global exports in 2018 (34 th -largest exporter in the world). The export
base is broad, with its manufacturing component accounting for roughly 57% of total merchandise exports in
2018.
SOUTH AFRICA’S LOGISTICS PERFORMANCE INDEX (LPI) SCORECARD
COMPARED TO GERMANY’S (WORLD’S TOP PERFORMER), 2018
Source: World Bank Global Competitiveness Report 2017-2018