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Doing Business in South Africa
Transcript of Doing Business in South Africa
The Hopeful Continent
Southern African Development Community (SADC)
free trade area
14 member states
A regional population of over
Plans underway to create a
free trade area throughout Africa
with a consumer population of
over 700 million people!
Access to over
1.1 billion people
$2.2 trillion GDP
Annual growth of
60% world's arable land
President: Jacob Zuma
Official Languages: 11
Number of Provinces: 9
25% of Africa's GDP
40% of Africa's Industrial Output
50% of Africa's Spending Power
Ease of Doing Business 39 out of 185 countries!
Tourism is growing with
over 10% year-on-year growth
in 2013 to over
10 million visitors
! The answer to its success is in its diverse
. South Africa
has received numerous distinctions for its tourism industry:
The Lonely Planet
recently ranked Cape Town as the
# 3 destination
to visit in 2014!
Travel + Leisure
recently ranked three South African hotels in the top 10 in Africa!
the best in Africa
#1 destination for business conferences
in Africa, and #34 globally!
Over the past decade,
research and development
has grown five-fold
from R4 billion to R21 billion. The technology sector is continually
robust and growing
The South Africa has been selected to host the
Square Kilometre Array,
which will be the
largest radio telesope
in the world!
South Africa has pioneered its first electric car,
, capable of 200 km
Vodacom has launched a
mobile phone to charge on the go!
Other areas of innovation include:
medicine, mineral extraction
Although the mining sector used to play a larger role, it still contributes
10% of GDP
and a total of
1 million jobs!
The reason for the success?
South Africa remains
of vital natural resources with over
$2.5 trillion dollars
in mineral reserves.
1st in platinum
6th in coal
South Africa ranks about 20th among the
producing countries in the world!
South Africa, traditionally rooted in the primary sectors, has been transformed into
a vibrant knowledge-based economy
SA is the
financial capital of Africa
with more than 70 foreign banks
Johannesburg Stock Exchange
stock exchange in the world!
1st in regulation of securities exchanges
1st in auditing and reporting
2nd in soundness of banking system
2nd in currency performance
against the dollar!
South Africa has developed an established,
diversified manufacturing base
. It was recently
globally by the World Economic Forum. Some successes include:
The chemicals sector
largest of its kind
in Africa and a
in coal-based synthesis & gas-to-liquids technology
The textiles sector:
which has evolved into a
, producing synthetic fibres in ever-increasing proportions
major multinational firms
use South Africa in their supply chain. These include:
Volkswagen, Renault, Toyota, Nissan
, among others.
The TRUE Size of Africa
With over 30,000 square kilometers of land, Africa is larger than: the US, China, India and Europe combined!
to the U.S., vast
competitive input costs
, make the country a major player in world markets.
South Africa's agricultural sector is
and secondary manufacturing in the agro-processing industries is spreading widely
South Africa is
net food exporter
and the second largest exporter of fruit in the world
The Value Proposition
South Africa's automotive industry is
for the manufacture and export of
vehicles and component parts:
Automotives account for about
10% of total manufacturing exports
The sector comprises
7.5% of GDP
over 500,000 vehicles
"After decades of slow growth, Africa has a real opportunity to follow in the footsteps of Asia" - The Economist (Dec. 3, 2011)
Africa has abundant opportunities
Mining & Minerals
"No economy can grow by excluding any part of its people, and an economy that is not growing cannot integrate all of its citizens in a meaningful way."
~ From South Africa's Black Economic Empowerment Strategy Document
With a large young population coming into being, South Africa has a huge potential for harnessing the power of a youthful working population.
Real GDP Growth (%) and GDP Per Capita*
These Companies Are Already Doing Business in South Africa:
Doing Business in South Africa
Challenges in South Africa
Black Economic Empowerment (BEE)
South Africa's policy of
is a pragmatic growth strategy that aims to realize the country's full economic potential while helping to bring the black majority and other disadvantaged groups into the economic mainstream.
includes the following measures: