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Relocate South Africa
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South African Economy and the Economic GrowthSouth African economy is the largest in Africa. Whilst this is the case, SA has managed to pull its resources together to empower and work with other African economies. Regional integration is also amongst the most important agendas in the country. This means more skills transfer, more intra-Africa trade and more growth within the continent. Like in any progressive economy, SA government is currently focusing on economic growth. This is aimed at reducing poverty rates and unemployment. Attracting FDI has been identified as a strategy to achieve this growth. This has resulted in an open economy with policies that embrace new players in the economy. Another important factor has been in the area of competition policy. Competitiveness has seen SA through constant growth in the past decade. Services sectors have also grown in their performance compared to other countries of similar size. Financial services, mining and tourism sectors are among the high achievers in the overall economy. The well developed economic infrastructure has also contributed to the success in the SA economic growth. Whilst the FDI performance has improved in a few years, there is more space for growth. It is a known fact that accessing Africa is easier through South Africa. Existing investment opportunities for new business ventures in Africa include Oil and Gas; Mining; Infrastructure; Tourism and Leisure Industry; Privatisation & International Trade South African Economy at a GlanceIndicator Figure Updated ---------------------------------- Area 1,219,912 km2 GDP 187.3 billion 2005 Growth 4.9 2005 Population 47,400,000 2006 Exports $50.9 bn US 2005 Imports $52.97 bn US 2005 |
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