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Africa >> South Africa >> Business and Economy of South Africa

Busines and Economy of South Africa

Economic prospects in South Africa are bright. The inflation rate is down, the growth rate up. Classified as a middle-income country, South Africa has a gross GDP at USD 277 Billion and a per capita GDP of about US$ 5,684. It has a vibrant financial sector with about 40 private banks operating in the country, including some of the world's top names in banking. However, the task of economic reconstruction remains a challenging one in South Africa after an era of economic sanctions and isolation.

Business Guide

Foreign investment is on the increase. There are international business centres in most major cities and towns, there to assist the foreign businessperson. More than 800 venues are available for conferences and meetings. They range in size and facilities from large city conference centres to smaller venues in resort areas, set in spectacular mountain, coastal or even bushveld surroundings. Conference facilities are comparable with the best in the world.


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