South Africa

 

| Doing Business in South Africa

 

Overview

REGION Sub-Saharan Africa
INCOME CATEGORY Upper middle income
POPULATION 52,981,991
GNI PER CAPITA (US$) 7,190
CITY COVERED Johannesburg

Economy

South Africa is a middle-income, emerging market with an abundant supply of natural resources; well-developed financial, legal, communications, energy, and transport sectors and a stock exchange that is the 16th largest in the world. Even though the country’s modern infrastructure supports a relatively efficient distribution of goods to major urban centers throughout the region, unstable electricity supplies retard growth. The global financial crisis reduced commodity prices and world demand. GDP fell nearly 2% in 2009 but has recovered since then, albeit slowly with 2014 growth projected at about 2%.

 

GDP – composition, by sector of origin:

Agriculture: 44.3% | Industry: 21.7% | Services: 34% (2013 est.)

Industries:

Mining (world’s largest producer of platinum, gold, chromium), automobile assembly, metalworking, machinery, textiles, iron and steel, chemicals, fertilizer, foodstuffs, commercial ship repair.

Agriculture- products:

Corn, wheat, sugarcane, fruits, vegetables; beef, poultry, mutton, wool, dairy products.

 

Politics

Current Head of State: President Jacob Zuma

Legal System: mixed legal system of Roman-Dutch civil law, English common law, and customary law.

 

Facts

  • Full name: Republic of South Africa
  • Population: 50.7 million (UN, 2012)
  • Capitals: Pretoria (executive capital); Cape Town (legislative capital); Bloemfontein (judicial capital)
  • Largest city: Johannesburg
  • Area: 1.22 million sq km (470,693 sq miles)
  • Major languages: 11 official languages including English, Afrikaans, Sesotho, Setswana, Xhosa and Zulu
  • Major religion: Christianity, Islam, indigenous beliefs
  • Life expectancy: 53 years (men), 54 years (women)
  • Monetary unit: 1 Rand = 100 cents
  • Main exports: Gold, diamonds, metals and minerals, cars, machinery
  • GNI per capita: US $6,960 (World Bank, 2011)
  • Internet domain: .za

 

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