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Northern Cape 2% LESOTHO Eastern Cape SPECIAL FEATURE 8% Western Cape 14% omy at a glance entage contribution South of each province to national African GDP. economy at a glance CE: STATS SA WWW.STATSSA.GOV.ZA ATURE Insight into the South African ecomomy. secured tens of thousands of new SPECIAL seats on FEATURE direct ble: ds South African mining production flights to and from the city). ZIMBABWE • Companies are successfully trading into Africa. signs reased for the economy by 116.5% include: year-on-year • Niche in agricultural April markets 2021. are booming with BOTSWANA veral provincial governments and investment macadamia nuts being the Limpopo most successful. 7% encies are establishing trade relations and Pecan nuts have done well and wine and grape NAMIBIA argest dy programmes contributors with BRICS countries. State % increase exports to China % contribution are growing. Gauteng Mpumalanga its to and from China immediately before and • Private education at school and 35% 7% tertiary level is North West ter a major BRICS summit in 2018 gave an ination that Ramaphosa holds high hopes for • New banking licences have been issued and growing 6% as a sector. SWAZI- LAND latinum Group Metals 276.1% 39.2% reased trade with the biggest of the BRICS several more Free are State in the pipeline. KwaZulu- 5% Natal tions. Two-way trade between the countries in • New stock exchanges came on line in 2017 and 16% 17 was worth .1-billion. South Africa Northern wants Cape more are expected. LESOTHO 2% grow oldtourist numbers from China. South Africa 177.9% • Investment 16.6% in infrastructure (especially ICT and came the first country in the world to export railways) is strong. Nedbank’s report on capital ef to China in 2017, to go with existing exports expenditure in South Africa stated that the iron ore, platinum and fruit and wine. 29 large projects announced in the first half MOZAMBIQUE anganese ore 208.2% Eastern Cape 14.2% 8% urists are visiting South Africa in record numrs (Cape Town’s Air Access programme 14% Western Cape has on ore 149.1% 13.3% urce: StatsSA.com Percentage contribution of each province to national GDP. SOURCE: STATS SA WWW.STATSSA.GOV.ZA 17 SOUTH AFRICAN BUSINESS 2019 Gold 40.9% 6.5 NESS 2019 Source: Table: South world African exports.com mineral sales Mineral sales increased by 152.7% year-on-year in April 2021. of 2018 were valued at R63.9-billion (Financial Mail). The renewable energy programme secured tens of thousands of new seats on direct Trends Table: South African mining production flights to and from the city). s on direct • Companies are successfully trading into Africa. Good Increased signs for the economy by 116.5% include: year-on-year • Niche in agricultural April markets 2021. are booming with • Several provincial governments and investment macadamia nuts being the most successful. to Africa. agencies are establishing trade relations and Pecan nuts have done well and wine and grape ble: ing with South African mineral sales study Largest programmes contributors with BRICS countries. State % increase exports to China % contribution are growing. uccessful. visits to and from China immediately before and • Private education at school and tertiary level is ineral sales increased by 152.7% and grape after a major BRICS summit in 2018 gave an indication that Ramaphosa holds high hopes for • New banking licences have been issued and growing as a sector. ar-on-year Platinum April Group 2021. Metals 276.1% 39.2% ary level is increased trade with the biggest of the BRICS several more are in the pipeline. nations. Two-way trade between the countries in • New stock exchanges came on line in 2017 and 2017 was worth .1-billion. South Africa wants more are expected. ssued and to Gold grow tourist numbers from China. South Africa 177.9% • Investment 16.6% in infrastructure (especially ICT and Largest contributors became the first country in the % world increase to export railways) % contribution is strong. Nedbank’s report on capital 2017 and beef to China in 2017, to go with existing exports expenditure in South Africa stated that the of Manganese iron ore, platinum ore and fruit and wine. 208.2% 29 large projects 14.2% announced in the first half • lly ICT and Tourists are visiting South Africa in record numbers (Cape Town’s Air Access programme 465.9% has Mail). 103 The renewable energy programme of 2018 were valued at R63.9-billion (Financial PGMs on capital that the Iron ore 149.1% 13.3% e first half Iron ore 17 SOUTH AFRICAN BUSINESS 2019 (Financial 115.6% 19.5 ogramme Source: StatsSA.com MOZAMBIQUE Source: world exports.com Source: world exports.com Mercedes-Benz SA Largest contributors % increase % contribution PGMs 465.9% 103 Iron ore 115.6% 19.5 Gold 40.9% 6.5 Credit: Unsplash
10 REASONS WHY YOU SHOULD INVEST IN SOUTH AFRICA 01. HOT EMERGING MARKET Growing middle class, affluent consumer base, excellent returns on investment. 02. MOST DIVERSIFIED ECONOMY IN AFRICA South Africa (SA) has the most industrialised economy in Africa. It is the region’s principal manufacturing hub and a leading services destination. LARGEST PRESENCE OF MULTINATIONALS ON THE AFRICAN CONTINENT SA is the location of choice of multinationals in Africa. 03. Global corporates reap the benefits of doing business in SA, which has a supportive and growing ecosystem as a hub for innovation, technology and fintech. 05. FAVOURABLE ACCESS TO GLOBAL MARKETS ADVANCED FINANCIAL SERVICES & BANKING SECTOR SA has a sophisticated banking sector with a major footprint in Africa. It is the continent’s financial hub, with the JSE being Africa’s largest stock exchange by market capitalisation. The African Continental Free Trade Area will boost intra-African trade and create a market of over one billion people and a combined gross domestic product (GDP) of USD2.2-trillion that will unlock industrial development. SA has several trade agreements in place as an export platform into global markets. YOUNG, EAGER LABOUR FORCE 09. SA has a number of world-class universities and colleges producing a skilled, talented and capable workforce. It boasts a diversified skills set, emerging talent, a large pool of prospective workers and government support for training and skills development. 07. 04. 06. 08. PROGRESSIVE CONSTITUTION & INDEPENDENT JUDICIARY SA has a progressive Constitution and an independent judiciary. The country has a mature and accessible legal system, providing certainty and respect for the rule of law. It is ranked number one in Africa for the protection of investments and minority investors. ABUNDANT NATURAL RESOURCES SA is endowed with an abundance of natural resources. It is the leading producer of platinum-group metals (PGMs) globally. Numerous listed mining companies operate in SA, which also has world-renowned underground mining expertise. WORLD-CLASS INFRASTRUCTURE AND LOGISTICS A massive governmental investment programme in infrastructure development has been under way for several years. SA has the largest air, ports and logistics networks in Africa, and is ranked number one in Africa in the World Bank’s Logistics Performance Index. 10. SA offers a favourable cost of living, with a diversified cultural, cuisine and sports offering all year round and a world-renowned hospitality sector. EXCELLENT QUALITY OF LIFE Page | 2 19 SOUTH AFRICAN BUSINESS 2020
