The Republic of South Africa is located at the southernmost point in Africa, bordering the Indian and South Atlantic Oceans as well as Botswana, Mozambique, Swaziland, Zimbabwe, Namibia, and Lesotho. South Africa is about twice the size of Texas and covers an area of 1,219,912 sq. kilometers. The total population is48.601 million and is shrinking at a rate of 0.45% with 62% living in urban areas. The Administrative capital of Pretoria has a population of 1.08 million with the other main cities including Cape Town (2.35 mil), Johannesburg (1.48 mil), and Durban (2.10 mil). The people are governed by a republic and the country is multilingual with 11 official languages. English is the primary language used for business and politics and the local currency used is the South African Rand.
South Africa’s economy is strong with an abundance of natural resources as well as developed economic sectors of finance, communications, energy, and transport. Problems remain with high levels of poverty and unemployment throughout the country and a large separation between rich and poor classes. South Africa’s main trade partners are the US, Germany, China, Japan, the UK, Spain, Saudi Arabia, and the Netherlands. Its primary imports are machinery and equipment, chemicals, petroleum products, scientific instruments, and foodstuffs. Exports include gold, diamonds, platinum, other metals and minerals, and machinery and equipment. South Africa’s GDP (Purchasing Power Parity) is $592 billion and is growing at a real rate of 2.5% with an inflation rate of 5.7%. South Africa ranked 39th out of 185 countries in the World Bank Group’s Ease of Doing Business Ranking.
South Africa Franchise Market Report(2016)Click the links below for articles with more information on Franchising in South Africa
* CPI Score is published by Transparency International and relates to the perceptions of the degree of corruption as seen by business people and country analysts and ranges between 100 (highly clean) and 0 (highly corrupt).
**Ease of Doing Business Ranking is determined by the World Bank Group and is ranked out of a possible 185 countries. www.doingbusiness.org
Most recent statistics have been taken from the CIA World Factbook unless noted otherwise.