The South Africa of today is one of the most sophisticated and promising emerging markets globally. The unique combination of a highly developed first-world economic infrastructure and a huge emergent market economy has given rise to a strong entrepreneurial and dynamic investment environment.
South Africa is the economic powerhouse of the African continent, with a Gross Domestic Product (GDP) of R1,9 trillion (US$283bn) - four times that of its Southern African neighbors, and comprising 30% of the entire GDP of Africa.
The World Economic Forum's Global Competitiveness Report 2008/09 of the World Economic Forum, ranked South Africa 45th out of 134 global nations. South Africa's GDP grew at a healthy 5.2 % in 2007 and a lower 3.1% in 2008, due to the impact of the global economic crisis.
South Africa is one of the most sophisticated and promising emerging markets, offering a unique combination of highly-developed first world economic infrastructure, with a vibrant emerging market economy. South Africa is also one of the highest ranking developing economies and surpasses countries such as Hungary, Italy, Brazil and Thailand. The country leads the continent in industrial output (40% of Africa's total output) and mineral production (45% of total mineral production) and generates most of Africa's electricity (over 50%). (Why Invest in South Africa - Read More)
Youth Employment in Africa: An Interview with Dr. Shanta Devarajan—Part II Friday, November 30, 2012 Dr. Shanta Devarajan, the chief economist of the Africa Region with the World Bank, recently sat down with emerging market investment consultant Wilmot Allen to discuss youth employment in sub-Saharan Africa. Part II appears today; Part I appeared on Wednesday.
Youth Employment in Africa: An Interview with Dr. Shanta Devarajan—Part I Wednesday, November 28, 2012 Dr. Shanta Devarajan, the chief economist of the Africa Region with the World Bank, recently sat down with emerging market investment consultant Wilmot Allen to discuss youth employment in sub-Saharan Africa. Part I of the interview series will appear today; Part II will appear on Friday.
Africa’s Green Eggs and (Chicken) Wednesday, November 28, 2012 Chicken is what is known as a Fast-Moving Consumer Good (FMCG) or Consumer Packaged Good (CPG). FMCG’s are the buzz across Africa now. Investors are seeking opportunities to take advantage of this rapidly growing market. » Visit our Blog to read more.
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Africa: The Diaspora Can Help Fuel Rwanda's Technology and Digital Ambitions Saturday, May 18, 2013 [African Arguments]As Rwanda day 2013 comes to London for the first time, let me take this opportunity to talk about the role that the Rwandan business community in the diaspora can playing by embracing the creation of Rwanda startup culture and make a difference in creating much needed jobs at the same time benefiting from the growth of the ICT sector.
Nigeria: Cell Phone Service Cut in Borno, Yobe Friday, May 17, 2013 [Daily Trust]Yola/Maiduguri/Damaturu/Abuja -Mobile phone service was turned off yesterday in Borno and Yobe, stifling social life and business activities in two of the three states affected by the proclamation of state of emergency on Tuesday.
Madagascar: Microcredit Helps Small Businesses Buck the System Friday, May 17, 2013 [IRIN]Toliara -Justine Sija, 60, begins her day at 4am, when she buys catch from local fishermen to hawk on the streets of St Augustin Village, in Madagascar's southern Atsimo-Andrefana Region. The work is hard, but in the last year, access to microcredit has boosted both her business and her hope for the future.
Kenya: GMO Ban Has No Legal Basis, Official Says Friday, May 17, 2013 [SciDev.Net]Nairobi -A senior Kenyan government official has dismissed last year's ban on the import of genetically modified organisms (GMOs) into the country - calling it ill-advised and lacking the backing of law.
Zuma, Putin push for increased trade Friday, May 17, 2013 South African President Jacob Zuma and Russian President Vladimir Putin discussed the strengthening of economic ties and expansion of trade between the two BRICS partners during their meeting in Sochi, Russia on Thursday.
Source of news: southafrica.info
Video: South Africa in the spotlight: An interview with Kgalema Motlanthe
South Africa's deputy president discusses the state of the country's economy, the social responsibility of multinationals, and China's role on the continent. Source: McKinsey & Company