Across the African continent, South Africa accounts for 80% of all insurance premiums. The market is heavily tilted towards life products, which make up four-fifths of the industry’s premiums, with earnings in the segment 10 times that of non-life in 2013. At the same time, penetration continues to rise: the number of formally insured South Africans grew from 6.2m people in...
It is often observed that the development of South Africa’s manufacturing activity over recent decades presents something of an anomaly: while the end of the country’s international isolation in 1994 marked the beginning of a period of sustained manufacturing growth, the sector’s contribution to GDP has nevertheless declined as a percentage of...
The most advanced on the continent, South Africa’s retail sector encompasses the spectrum of mercantile activity – from large chains with a multinational footprint to the informal spaza shops that provide household items to their neighbourhoods. The sector has grown rapidly...
Despite a well-developed chemicals sector, which owes much of its capacity to a historical need for self-sufficiency during the era of South Africa’s political isolation, the country remains a net importer of chemical products. According to data from the Department of Trade and Industry (DTI), South Africa exported R37.8bn ($4.6bn) worth of...
Already one of the largest industrial segments in South Africa, the automotive sector is gearing up for some major changes scheduled to take effect in January 2013, when an import-incentive scheme that successfully expedited the development of the industry will be replaced by a programme designed to foster more local production of components. The...
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