South African Business 2024
Welcome to the 12th edition of the South African Business journal. First published in 2011, the publication has established itself as the premier business and investment guide to South Africa, supported by an e-book edition at www.southafricanbusiness.co.za. A special feature in this journal focusses on the relationship between tertiary education, training and the jobs market. The youth unemployment rate is referenced in a discussion of the various measures that are being taken in the public and private sectors to help prepare young people for work, or to encourage them to start businesses. The role of the country’s Sector Education and Training Authorities (SETAs) is highlighted. Regular pages cover all the main economic sectors of the South African economy. This includes tracking the rapidly evolving renewable energy landscape and reporting on the progress of exploration and discoveries of oil and gas off the coast and on land. Landmarks such as BMW’s 50-year celebration of making cars in South Africa are noted and a snapshot of each of the country’s provinces is provided. 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 online at www.globalafricanetwork.com and www.southafricanbusiness.co.za. These unique titles are supported by monthly business e-newsletters. The Journal of African Business joined the Global African Network stable of publications as an annual in 2020 and is now published quarterly.
Welcome to the 12th edition of the South African Business journal. First published in 2011, the publication has established itself as the premier business and investment guide to South Africa, supported by an e-book edition at www.southafricanbusiness.co.za.
A special feature in this journal focusses on the relationship between tertiary education, training and the jobs market. The youth unemployment rate is referenced in a discussion of the various measures that are being taken in the public and private sectors to help prepare young people for work, or to encourage them to start businesses. The role of the country’s Sector Education and Training Authorities (SETAs) is highlighted.
Regular pages cover all the main economic sectors of the South African economy. This includes tracking the rapidly evolving renewable energy landscape and reporting on the progress of exploration and discoveries of oil and gas off the coast and on land. Landmarks such as BMW’s 50-year celebration of making cars in South Africa are noted and a snapshot of each of the country’s provinces is provided.
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 online at www.globalafricanetwork.com and www.southafricanbusiness.co.za. These unique titles are supported by monthly business e-newsletters. The Journal of African Business joined the Global African Network stable of publications as an annual in 2020 and is now published quarterly.
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WWW.NORTHERNCAPEBUSINESS.CO.ZA<br />
JOIN S ONLINE US ONLINE<br />
WWW.GLOBALAFRICANETWORK.COM | WWW.NORTHERNCAPEBU<br />
| | 10 REASONS<br />
WHY YOU SHOULD INVEST IN SOUTH AFRICA<br />
01.<br />
HOT EMERGING<br />
MARKET<br />
Growing middle class, affluent consumer<br />
base, excellent returns on investment.<br />
02.<br />
MOST DIVERSIFIED<br />
ECONOMY IN AFRICA<br />
<strong>South</strong> Africa (SA) has the most industrialised economy in Africa.<br />
It is the region’s principal manufacturing hub and a leading<br />
services destination.<br />
LARGEST PRESENCE OF MULTINATIONALS<br />
ON THE AFRICAN CONTINENT<br />
SA is the location of choice of multinationals in Africa.<br />
03.<br />
Global corporates reap the benefits of doing business in<br />
SA, which has a supportive and growing ecosystem as a<br />
hub for innovation, technology and fintech.<br />
05.<br />
FAVOURABLE ACCESS TO<br />
GLOBAL MARKETS<br />
ADVANCED FINANCIAL SERVICES<br />
& BANKING SECTOR<br />
SA has a sophisticated banking sector with a major<br />
footprint in Africa. It is the continent’s financial hub,<br />
with the JSE being Africa’s largest stock exchange by<br />
market capitalisation.<br />
The <strong>African</strong> Continental Free Trade Area will boost<br />
intra-<strong>African</strong> trade and create a market of over one<br />
billion people and a combined gross domestic product<br />
(GDP) of USD2.2-trillion that will unlock industrial<br />
development. SA has several trade agreements in<br />
place as an export platform into global markets.<br />
07.<br />
YOUNG, EAGER LABOUR FORCE<br />
09.<br />
SA has a number of world-class universities and colleges<br />
producing a skilled, talented and capable workforce. It<br />
boasts a diversified skills set, emerging talent, a large pool<br />
of prospective workers and government support for training<br />
and skills development.<br />
04.<br />
06.<br />
08.<br />
PROGRESSIVE<br />
CONSTITUTION<br />
& INDEPENDENT<br />
JUDICIARY<br />
SA has a progressive Constitution and an independent judiciary. The<br />
country has a mature and accessible legal system, providing certainty<br />
and respect for the rule of law. It is ranked number one in Africa for the<br />
protection of investments and minority investors.<br />
ABUNDANT NATURAL<br />
RESOURCES<br />
SA is endowed with an abundance of natural resources. It is the leading producer<br />
of platinum-group metals (PGMs) globally. Numerous listed mining companies<br />
operate in SA, which also has world-renowned underground mining expertise.<br />
WORLD-CLASS<br />
INFRASTRUCTURE<br />
AND LOGISTICS<br />
A massive governmental investment programme in infrastructure development<br />
has been under way for several years. SA has the largest air, ports and logistics<br />
networks in Africa, and is ranked number one in Africa in the World Bank’s<br />
Logistics Performance Index.<br />
10.<br />
SA offers a favourable cost of living, with a diversified cultural, cuisine and<br />
sports offering all year round and a world-renowned hospitality sector.<br />
EXCELLENT QUALITY<br />
OF LIFE<br />
Page | 2<br />
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SOUTH SOUTH AFRICAN AFRICAN BUSINESS BUSINESS 20232020
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