10 REASONS WHY YOU
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
Sectoral strengths of of South South African provinces SECTORAL SECTORAL STRENGTHS STRENGTHS OF OF SOUTH SOUTH AFRICA’S AFRICA’S PROVINCES PROVINCES A wide A wide variety variety of investments of investments are available. are available. FOCUS FOCUS Mpumalanga: Mpumalanga: Gauteng: Gauteng: • Mining • Mining • Financial • Financial and business and business services services • Tourism • Tourism • Information • Information and communications and communications • Forestry, • Forestry, paper and paper paper and paper technology technology products, products, wood and wood wood and wood • Transport • Transport and logistics and logistics products products • Basic • iron Basic and iron steel, and steel steel, products steel products Limpopo: Limpopo: • Agriculture • Agriculture and agroprocessinprocessing and agro- • Fabricated • Fabricated metal products metal products • Mining • Mining • Motor • vehicles, Motor vehicles, parts and parts accessories and accessories • Fertilisers • Fertilisers • Metal • products Metal products • Appliances • Appliances • Tourism • Tourism • Machinery • Machinery and equipment and equipment • Agriculture • Agriculture • Chemical • Chemical products, products, pharmaceuticals pharmaceuticals • Agro-processing • Agro-processing • Agro-processing • Agro-processing • Energy, • including Energy, including North West: North West: renewables renewables (solar) (solar) • Mining • Mining • Agriculture • Agriculture and agro-processing and agro-processing KwaZulu-Natal: KwaZulu-Natal: • Tourism • Tourism • Transport • Transport and logistics and logistics • Metal • products Metal products • Tourism • Tourism • Machinery • Machinery and equipment and equipment • Motor • vehicles, Motor vehicles, parts and parts and • Renewable • Renewable energy (solar) energy (solar) accessories accessories • Petrochemicals • Petrochemicals • Aluminium • Aluminium • Clothing • Clothing and textiles and textiles • Machinery • Machinery and equipment and equipment • Agriculture • Agriculture and agroprocessinprocessing and agro- Northern Northern Cape: Cape: • Mining • Mining • Forestry, • Forestry, pulp and pulp paper, and paper, • Agriculture • Agriculture and agro-processing and agro-processing wood and wood wood and products wood products • Fisheries • Fisheries and aquaculture and aquaculture • Renewable • Renewable energy (solar, energy wind) (solar, wind) • Jewellery • Jewellery manufacturing manufacturing Eastern Eastern Cape: Cape: Western Western Cape: Cape: • • Motor vehicles, parts and Tourism • • Motor vehicles, parts and Tourism accessories accessories • Financial • Financial and business and business services services • • Forestry, wood and wood products Transport • • Forestry, wood and wood products Transport and logistics and logistics • • Clothing and textiles ICT• • Clothing and textiles ICT Free State: Free State: • • Pharmaceuticals Agriculture • • Pharmaceuticals Agriculture and agro-processing and agro-processing • Agriculture • Agriculture and agro-processing and agro-processing • • Leather and leather products Fisheries • • Leather and leather products Fisheries and aquaculture and aquaculture • Mining • Mining • • Tourism Petrochemicals • • Tourism Petrochemicals • Petrochemicals • Petrochemicals • • Renewable energy (wind) Basic • • Renewable energy (wind) iron Basic and iron steel and steel • Machinery • Machinery and equipment and equipment • Clothing • Clothing and textiles and textiles • Tourism • Tourism • Renewable • Renewable energy (solar, energy wind) (solar, wind) FOCUS Source: Industrial Source: Industrial Development Development Corporation Corporation (IDC); The (IDC); Case The for Case Source: Industrial Development Corporation (IDC) Investing for Investing South in Africa, South Africa, Executive Executive Summary Summary Source: Industrial Development Corporation (IDC) (South African (South Investment African Investment Conference, Conference, 2018). 2018). (South African Investment Conference, 2018). Page | 40 Page | 40 19 23 23 SOUTH SOUTH GAUTENG AFRICAN AFRICAN BUSINESS BUSINESS BUSINESS 2020/21 2020 2020
