Often referred to as the Rainbow Nation, South Africa has a heterogeneous population which reflects its rich and sometimes turbulent history. The country has been known as a centre for gold and ivory trading since as long ago as 12,000 AD, with established trade routes to both India and China. By the mid-1600s, it had become a useful staging...
South Africa Economy
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Articles & Analysis | Leading the continent: The country remains a key regional bellwether from The Report: South Africa 2013
Interviews & Viewpoints | OBG talks to Mo Ibrahim, Founder and Chair, Ibrahim Foundation from The Report: South Africa 2013
Articles & Analysis | Broad-based development: Despite a challenging environment, the foundations are in place to resume a growth trajectory from The Report: South Africa 2013
With a long-established track record as the continent’s largest financial platform and one of the world’s biggest mining producers, South Africa has significant economic clout in the region. However, industrial strife and policy uncertainty have become key sources of investor concern of late. Recent years of slowing growth have failed to make...
Articles & Analysis | Challenges and opportunities: Natural resources and strong economic growth reveal potential, yet the country must navigate social issues from The Report: South Africa 2013
Since the end of apartheid in 1994, South Africa has come a long way. Indeed, the Rainbow Nation is a symbol of what other continental economies aspire to, with a liberalised economy, a comparatively robust democracy, a free media and the potential for socioeconomic mobility. However, the challenges the country faces, which range from an...
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Despite having the smallest land area of South Africa’s nine provinces at 16,548 sq km, Gauteng is the largest contributor to the national economy contributing around $85.33bn and growing at a rate of 3%. The tertiary sector is the main driver of the local economy and makes up 71% of Gauteng’s GDP, led by finance, real estate, and business and government services. While Gauteng accounts for most...