Business News of Thursday, 8 November 2018

Source: Neelke Terblanche

10 reasons to invest in South Africa

An infograph showing the ten reasons to invest in South Africa An infograph showing the ten reasons to invest in South Africa

Ten reasons to invest in South Africa includes a developed first world economic infrastructure and a growing emerging market.

The investment potential lies in its diversity of sectors and industries.

South Africa is also a major trading nation, exporting and importing billions worth of goods every year.

It is a gateway to African markets.

1. Healthy legal and regulatory environment for business: South Africa has a second regulatory framework of recognised international standards for commerce and business. The Global Competitiveness Index ranks South Africa’s financial system at 18 out of 140 countries.

2. The South African Reserve Bank is independent, internationally acclaimed and has primary responsibility for protecting the value of the ZAR and setting stable and competitive interest rates.

3. Strong Financial and Banking Sector South Africa has a sophisticated banking sector with a significant footprint into Africa. It has the continent’s financial hub, with prudent fiscal management and consistent monetary policies.

4. Technology boom: South Africa has an innovative and dynamic technology sector. The ITU mandated South Africa to lead a five-country committee to coordinate the development of the continental response to the Fourth Industrial Revolution.

5. International Players: The country is internationally respected and is a member of the G20 World Economic Forum and will sit on the United Nations Security Council from 2019.

6. A sophisticated and promising emerging market: South Africa offers a unique combination of highly-developed first world infrastructure, with a vibrant and diverse emerging market economy.

7. South Africa has the most diversified and industrialised economy of any African nation, with strong sectors in financial services, tourism, agriculture, mining, manufacturing and ICT.

8. Modern and well-developed transport infrastructure: South Africa has the largest air, ports and logistics networks in Africa, ranked number one in Africa in the World Bank’s Logistics Performance Index.

9. Most influential headquarters in Africa: South Africa is home to the largest number of multinational headquarters on the continent who are looking to access expansion opportunities across Africa.

10. The Africa Continental Free Trade Area (AfCFTA): South Africa is a recent signatory to the agreement which will boost intra-Africa trade, creating a market of over 1 billion people with a GDP of $2.6 trillion.