With both performance and assets outstripping the continent’s other large emerging markets in Egypt, Nigeria and Morocco, South Africa’s banking sector is the biggest and most developed on the continent. The economy has been shaken by the global financial crisis: the rand has seen unusual volatility, and demand from key markets in Europe and Asia has dropped. However, the country’s banks have...
South Africa
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South Africa’s economy has come a long way since apartheid ended 20 years ago, with significant improvements in both productivity and capacity – and a GDP that is now 2.5 times larger – but domestic and exogenous pressures have taken their toll on GDP growth. Headline GDP grew by 1.9% in 2013, although its components fluctuated considerably in synch with labour unrest. Although strong by...
Chapter | Country Profile from The Report: South Africa 2014
Despite being overtaken by Nigeria as the largest economy on the continent, South Africa is still number one in terms of income, with a GDP per capita of $6618 in 2013. The economy has been expanding at a substantially faster rate under democratic rule: between 1980 and 1994 average annual real GDP growth rates stood at 1.4%, whereas between 1998 and 2012 the figure was at 3.2%. South Africa...
In April 2014 South Africans celebrated the 20th anniversary of both the end of apartheid and the creation of the modern Republic of South Africa. These two events highlight just how far South Africa has come in the past two decades, during which the nation’s numerous assets have contributed to its rise as one of Africa’s leading economic and diplomatic players.
This section provides information on hotels, government and other listings, alongside useful tips for visitors on topics like currency, visas, language, communications, dress, business hours and electricity.
Chapter | Legal Framework from The Report: South Africa 2013
OBG introduces the reader to the different aspects of the legal system in South Africa, in partnership with WEBBER WENTZEL. David Lancaster, Senior Partner, Webber Wentzel, talks to OBG.