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Doing Business in South Africa 03 December 2010 Sofia, Bulgaria. Moloko Leshaba Export Promotion: Central and Eastern Europe. South Africa at a glance. Area 1,219, 090 km 2 Population 48,7m (estimate) Currency R1 = 100 cents Time GMT + 2 hrs Head of the State: President Jacob Zuma
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Export Promotion: Central and Eastern Europe
The operating environment is improving visibly and rapidly …
54 countries, 35 democracies (compared to only 8 in 1991)
Many countries have improved their business environment:
restored macro-economic stability
greater predictability & increased reliability of policy & regulatory framework
increased transparency and improved decision-making
investment protection & promotion
intra and inter-regional initiatives
High returns on investment
South Africa is one of the world’s 26 industrialised nations.
The country is also regarded as the gateway to Africa.
South Africa has the largest economy on the African continent, accounting for approximately 25% of the continent’s GDP.
According to the World Bank, South Africa ranked 34th out of 183 in the world for the ease of doing business in 2010.
The JSE Securities Exchange is Africa’s largest and most developed Securities Exchange and one of the world’s top 20 exchanges.South Africa- global perspective
South Africa holds 80% of global manganese reserves, 72% of chrome, 88% of platinum-group metals (PGMs), 40% of gold and 27% of vanadium.
Unit labour costs in South Africa are significantly lower than those of many other emerging markets.
South Africa scored well in various categories according to the 2009/10 World Competitiveness Yearbook (133 countries ranked) with overall competitiveness we ranked 45th in place.South Africa - global perspective
South Africa today is one of the most sophisticated and promising emerging markets globally, mainly because of …
Political & economic stability with sound macro-economic management
World class financial system
Favourable cost of doing business
Financial Times data on inward investment shows that South Africa is:
#1 country for R&D inward investment in Africa
#1 country for environmental technology inward investment in Africa
#1 country for ICT & Electronics inward investment in Africa
#1 country for financial services inward investment in Africa
#1 country for creative industries inward investment in Africa
#1 country for transport equipment inward investment in Africa
#1 country for life sciences inward investment in Africa
Regional leader in environmental technologies
World class ICT sector
The largest financial services hub for the region
Largest transport equipment cluster in Africa
Major creative industries centre
Largest life science centre in the region
Finance to explore investment opportunities in SA
Facilitating direct Government support in the form of:
- information on investing in SA and the Business Environment
- detailed investment Incentives
- investment facilitation
- after care – ongoing contactthe dti’s Investment Services