South Africa has a patchwork health insurance system with many key pieces missing. A state scheme exists that provides free healthcare. Its footprint is limited though; it excludes anyone earning more than R6000 a month ($518). Private insurance is available to those who earn more, but it is expensive and often comes in low on reimbursement....
The South African insurance market stands as one of the most advanced in the world, with one of the highest premium-to-GDP ratios and a wide cross section of well-regulated and innovative insurers. Although the market is set to become more sophisticated with the introduction of new legislation, much of the country remains unbanked and either uninsured or underinsured. Financial inclusion is...
The second-largest economy in Africa after Nigeria, South Africa benefits from some of the most sophisticated financial markets in the world, paired with a robust regulatory system, and is also home to the headquarters of a number of major multinational players in the fields of industry, energy and financial services.
While power shortages remain one of a number of challenges South African manufacturers are facing in 2015, there is a silver lining: solid demand and efforts to trim costs and boost operational efficiencies are expected to shore up earnings in certain segments.
South Africa’s mining industry has long been one of the economy’s most visible drivers, but uncertainty over legislation and a difficult operating environment are taking their toll.
Accounting for 7% of GDP, 30% of national manufacturing output and 11.1% of all manufacturing exports, South Africa’s automotive sector is often referenced as a case study for dynamic industrial policy. With leading global original equipment manufacturers (OEMs) including Toyota, BMW, Mercedes Benz, Volkswagen, Ford, Nissan and General Motors all operate sizeable production...
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