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...
Africa Economy
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With a gross GDP of approximately R3.2trn ($390bn) as of year-end 2012, South Africa has the largest economy in Africa and the 28th largest globally. Industrial strife and policy uncertainty, however, have become key sources of investor concern of late. Recent years of slowing growth have failed to make much of a dent in structurally high unemployment and inequality, although a new government-...
Chapter | Country Profile from The Report: South Africa 2013
Often referred to as the Rainbow Nation, South Africa has a heterogeneous population that reflects its rich and sometimes turbulent history. Recent times have seen the country score a number of high-profile successes, such as inclusion in the BRICS bloc, as a result of strong economic performance. South Africa benefits from strong ties with a number of major global powers, among which its single...
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.
After a decade of investment, Morocco’s Oriental region is ready to build a strong reputation in the Mediterranean. For years, the Oriental, as the Eastern Region is known, suffered from insufficient transport connections to the rest of the country and a lack of the infrastructure necessary for supporting the development of its family-owned businesses and strategic industries. However, an...
Located in the westernmost region of North Africa, Morocco has an impressively diversified economy and in recent years has benefited from steady growth. The country has strong trade links with the EU and has a young population – with the median age of its roughly 32m people at 27.3 years – which in turn provides the country with a large supply of available and comparatively skilled labour.