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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CONTENTS<br />
CONTENTS<br />
<strong>South</strong> <strong>African</strong> <strong>Business</strong> <strong>2024</strong> Edition<br />
Introduction<br />
Foreword 10<br />
A unique guide to business and investment in <strong>South</strong> Africa.<br />
Special features<br />
An economic overview of <strong>South</strong> Africa 12<br />
The CEOs of <strong>South</strong> Africa’s biggest companies are supporting<br />
government in tackling the challenges that are getting in the way<br />
of economic growth. Renewable energy solutions are taking off and<br />
big mining projects are producing valuable product.<br />
Provinces of <strong>South</strong> Africa 16<br />
A snapshot of <strong>South</strong> Africa’s nine provinces.<br />
Collaborating to put young people to work 22<br />
Youth unemployment remains a stubborn national problem but<br />
creative solutions are increasingly coming to the fore.<br />
Economic sectors<br />
Agriculture 30<br />
Avocados are proving a fruitful investment.<br />
Mining 32<br />
Impala Platinum has gained control of Royal Bafokeng Platinum.<br />
Energy 36<br />
Sasol’s partnerships are defining a new direction for<br />
the energy giant.<br />
Oil, gas and petrochemicals 38<br />
A production rights request follows significant offshore gas finds.<br />
Engineering 40<br />
Engineers are making the switch to renewable energy possible.<br />
Manufacturing: general 42<br />
Glass group expansion creates 300 jobs.<br />
Manufacturing: automotive 43<br />
BMW celebrated 50 years of making cars in <strong>South</strong> Africa in 2023.
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