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For an overview of the investment process,
opportunities, incentives schemes and reasons why South
Africa remains one of the worldˇ¦s most attractive
investment destinations.
Why Invest in South
Africa?
South Africa is one of the most sophisticated and
promising emerging markets globally.
South Africa is ranked
by the World Bank as an ˇ§upper middle-income countryˇ¨.
South Africa is the second largest economy in Africa. In
2014, the World Bank listed its GDP at $350.1-billion
(R5.416-trillion) and its population at 54 million. Per
capita GDP is $6 483, according to the World Economic
Forum.
The World Economic Forum's Global Competitiveness Report
of 2015-2016, South Africa is ranked 49th in its Global
Competitiveness Index out of 140 economies, up from 56th
in the previous reporting period. It ranked the country
first for strength of auditing and reporting standards
as well as financing through local equity market. South
Africa was also ranked 12th for financial market
development; it ranked 29th for market size, 33rd for
business sophistication and 38th for innovation, out of
140.
The World Bank Groupˇ¦s report; Doing Business 2015,
ranked South Africa 73 out of 189 economies, in terms of
the ease of doing business.
Political and macroeconomic stability: South African is
politically stable and has a well capitalised banking
system, abundant natural resources, well developed
regulatory systems as well as research and development
capabilities, and an established manufacturing base.
One of the main reasons for South Africa becoming one of
the most popular trade and investment destinations in
the world is due to the country ensuring that it can
meet specific trade and investment requirements of
prospective investors.
The potential of the South African economy is evident in
its diversity of sectors and industries. It offers world
class clusters in environmental technologies, ICT,
transport equipment, creative industries and financial
services.
South Africa possesses a large resource base of skilled,
semi-skilled and unskilled labour. The South African
government has introduced wide-ranging legislation to
promote training and skills development and fast-track
the building of world-class skills and competences.
South Africa has very competitive labour costs. For
professional jobs, labour costs are less than half of
the cost of European countries. For manufacturing jobs,
labour costs are around 1/3 cost of Europe.
South Africa boasts one of the most modern and extensive
transport infrastructures in Africa and boasts a world
class financial infrastructure
World class research and development - with more patents
by foreign companies than any other country in Africa or
Eastern Europe
South Africa Yearbook 2014/15
http://www.gcis.gov.za/content/resourcecentre/sa-info/yearbook2014-15
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