International Profile: South Africa
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After almost 15 years of democratic rule, South Africa remains the economic powerhouse of Africa, with massive infrastructure investment and major events such as the 2010 FIFA World Cup.
Of particular note are the following market attributes:
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- growing emphasis on high value-added knowledge-based production, with the South African Department of Trade and Industry identifying ICT and electronics as a 'priority' sector
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- strong economic growth, with a 34th consecutive quarter of growth in quarter 1, 2007
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- massive government investment in infrastructure and major events
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- a ranking in the top 30 countries for ease of doing business in terms of time, compliance, operation, trade, taxation and closure.
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