Northern Cape Investment Prospectus 2024
The 2024 Official Investment Prospectus for the Northern Cape Province of South Africa.
The 2024 Official Investment Prospectus for the Northern Cape Province of South Africa.
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NORTHERN CAPE<br />
PROVINCE<br />
South Africa<br />
ECONOMICS<br />
Gross Domestic Product<br />
Economic growth: 2012-2022<br />
6<br />
4<br />
2<br />
0<br />
-2<br />
-4<br />
-6<br />
-8<br />
%<br />
R 148 bn<br />
Current prices<br />
<strong>Northern</strong> <strong>Cape</strong><br />
2012 2014 2016 2018 2020 2022<br />
Economic growth annual % change<br />
2.2%<br />
of national GDP<br />
National Total<br />
2021-2022 10 year avg.<br />
<strong>Northern</strong> <strong>Cape</strong> 0.7% 1.0%<br />
National Total 1.9% 0.9%<br />
Sector composition<br />
Agriculture, 8%<br />
Mining, 22%<br />
Manufacturing, 4%<br />
Electricity, 3%<br />
Construction, 2%<br />
Trade, 11%<br />
Transport, 8%<br />
Finance, 14%<br />
Community services, 27%<br />
Top 10 sectors (GVA) - R billions<br />
2022<br />
IHS Markit<br />
2022<br />
Mining of metal ores 26.88<br />
Public administration and defence activities 13.96<br />
Agriculture and hunting 11.03<br />
Health and social work 9.17<br />
Education 8.71<br />
Finance and Insurance 7.77<br />
Wholesale and commission trade 7.47<br />
Other business activities 6.92<br />
Land and Water transport 5.22<br />
Post and telecommunication 5.12<br />
All other smaller sectors 32.07<br />
LABOUR MARKET<br />
Employment<br />
324,000<br />
number of jobs<br />
2.1%<br />
of national employment<br />
Unemployment<br />
Jobs<br />
Primary 2022 share Created / lost since 2012<br />
Agriculture 12.8%<br />
Mining 14.1%<br />
Secondary<br />
Manufacturing 4.0%<br />
Electricity 0.5%<br />
Construction 5.5%<br />
Tertiary<br />
Trade 17.4%<br />
Transport 3.0%<br />
Finance 9.9%<br />
Community 32.8%<br />
2 220<br />
2 050<br />
9 960<br />
Employment growth: 2012-2022<br />
8<br />
6<br />
4<br />
2<br />
0<br />
-2<br />
-4<br />
-6<br />
%<br />
<strong>Northern</strong> <strong>Cape</strong><br />
National Total<br />
2012 2015 2018 2021<br />
Employment growth<br />
Annual % change<br />
%<br />
25,6<br />
33,8<br />
<strong>Northern</strong> <strong>Cape</strong> National Total<br />
Informal employment 2022 - millions<br />
<strong>Northern</strong><br />
<strong>Cape</strong><br />
National<br />
Total<br />
Employees Informal %<br />
informal<br />
0.32 0.03 8.9%<br />
15.32 2.86 18.7%<br />
<strong>Northern</strong><br />
<strong>Cape</strong><br />
South Africa<br />
5.6% 3.7%<br />
2022<br />
1.3% 0.9%<br />
10-year avg<br />
Source: South Africa Regional eXplorer v2423.<br />
<strong>Northern</strong> <strong>Cape</strong> province, 2022
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