South Africa ... AN IDEAL INVESTMENT DESTINATION
Africa 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
South Africa is the economic powerhouse on the African continent,
with a gross domestic product (GDP) four times that of its Southern
African neighbours, and comprising 25% of the entire GDP of Africa.
Africa and the Internet
South Africa ranks among the top 20 countries of the world for number
of Internet nodes. The Internet community in South Africa is about
30 times larger than the next largest African country, Egypt. Full
Internet facilities are available throughout the country with about
150 Internet Service Providers (ISPs) commercially available. South
Africa's internet population grew by 12.5% to 4.6-million in 2008,
according to a new report, and is expected to grow as much in the
next five years as it has in the last 15, hitting the 9-million
mark by 2014.
South Africa generates 70% of the electrical power on the African
continent and has become a net exporter of energy. Electricity costs
are among the lowest in the world. South Africa is the only country
in the world that manufactures fuel from coal. Additionally, South
Africa has the largest hydro-electric tunnel system in the world
at the Orange/Fish River Tunnel.
The country is endowed with a fabulous store of natural resources:
Gold 35%, Diamonds 24%, Manganese 82%, Chrome 68%, Platinum 56%.
South Africa owns a major share of the world's mineral resources
with one of the most advanced mining industries in the world.
South Africa is acknowledged as a world leader in oil production
derived from coal technology, with three huge plants presently in
operation as well as an off-shore natural gas operation. As leader
in modern medicine, the world's first heart transplant was performed
in Cape Town, South Africa 40years ago.
South Africa is a new vibrant and stable democracy, with a sophisticated
legal and accounting system. The South African constitution is widely
regarded as the most progressive constitution in the world, with
a Bill of Rights second to none. English is the predominate language
and it is generally used in business circles.
South Africa has a sophisticated and well regulated banking sector.
Many banks are subsidiaries of international conglomerates while
local banks often have an international presence. Many banking institutions
have global offices and divisions dedicated to assisting companies
and individuals trade in South Africa.
South Africa is the fourth largest wool exporter outside Asia. The
country's 27 million sheep include mainly South African Merino and
Dorper for mutton. It also has 8.5 million head of cattle. The principal
crops are maize, wheat, sugar, potatoes, tobacco and fruit.
There are seven superb deep water ports and several modern airports.
Additionally, South Africa has a highly sophisticated transport
infrastructure, which is constantly being upgraded, and currently
accounts for 60 to 70% (21,431km) of Africa's railway lines and
182,329 km of highways. It is the combination of these vital assets
that makes South Africa, the gateway to Africa.
A strong network of universities and other tertiary education institutions
is home to a host of leading international academics and researchers,
with the majority of research and development in South Africa undertaken
at the country's universities.
in the Sun
South Africa is also the only country that can boast the Big Five:
the elephant, the rhino, the lion, the leopard and the buffalo.
Kruger National Park is the largest game reserve in the world.
Africa's new Companies Act
aims to provide some recourse for companies in distress, reduce
the cost of doing business in the country, promote corporate governance
and transparency and empower