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South Africa ("SA") today is one of the most sophisticated and promising emerging markets globally.
The unique combination of a highly developed first-world economic infrastructure and a huge emergent market economy has given rise to a strong entrepreneurial and dynamic investment environment.
SA, with its diversified economy, has distinguished itself as one of the most
diversified exporters, as no other country in the world has less than 40% of
its exports going to the top 3 export destinations. SA's main export destinations
are the UK, the USA, Germany and Japan. In 2001, 51% of all businesses were export
driven by exporting more than 25% of their production. Exports represented 28%
of SA's GDP of R975 billion in 2001 of which manufactured products made up 31.7%,
a threefold increase from a decade ago. The fact that the world is in a recession
makes this even more impressive. In addition, the export boom, without Government
involvement as in many other countries, is not on the back of commodities but
driven by manufactured and high value adding products.
SA has a population of 45 million and consists of 9 provinces of which Gauteng
generates 37% of the country's GDP. Johannesburg has been rated the cheapest
major city in the world and although the country's GDP per capita only amounts
to R21 865, the Parity Purchasing Power, which is the rate designed to equalize
the prices of a standard basket of goods and services, is R68 550 per capita.
These are a few of SA's unique features in terms of Africa and the world.
- 80% of Africa’s vehicle
output
- 60% of telephones in Africa
- 50% of Africa’s purchasing
power
- 50% of Africa’s electricity
generated
- 45% of Africa’s mineral
production
- 37,9% of Sub-Saharan Africa’s
GDP
- 6% of Africa’s population
- 3rd best tap water in the world
- Eskom, the largest producer of coal-fired electricity in the world
- Cheapest electricity costs in the world
- Holds the world’s largest reserves of
gold, platinum group metals, manganese ore, chrome ore, titanium minerals, alumino silicates and vanadium
- Self sufficient in the production of virtually all major agricultural
products and one of only 6 countries in the world of exporting food on
a regular basis
- Most tradable currency amongst developing nations and the 13th most
tradable in the world
- 35th biggest economy in the world
- SA’s size is 1,2 million square km’s
which is approximately the size of Germany, France, Italy, Netherlands
and Belgium combined
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For more information on doing business in SA and other enquiries, call us at +1.917.340.8987 USA, +27.82.420.4260 RSA or email info@azaniapr.com
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