South Africa is the most sophisticated and developed economy in Africa and has some high-class companies in finance, real estate and business services, manufacturing, and wholesale and retail trade. South Africa is the ‘gateway to Africa’ for investors due to its comparative sophistication, ease of doing business, continental expertise and ability to act as a base for critical services (e.g. auditing) for doing business on the rest of the continent.
South Africa’s business environment is challenging but still one of the best in the developing world, with a well-developed transport infrastructure, sound macro conditions and robust financial and legal frameworks also exist. Challenges are not insurmountable, and many are already being addressed. The development of powerful interventions such as the National Development Plan and the New Growth Path provide a strong blueprint for tackling these issues. The country has also improved in a range of other areas around starting a business, registering property, trading across borders, enforcing contracts and paying taxes.
The UK is a valued trading partner for South Africa, with annual bilateral trade worth just under £10 billion. Many languages and dialects are spoken in South Africa, but English is the most-widely understood, and the common business language.
About the guides
The main objective of this Doing Business in South Africa Guide is to provide you with basic knowledge about South Africa; an overview of its economy, business culture, potential opportunities and to identify the main issues associated with initial research, market entry, risk management and cultural issues.
We do not pretend to provide all the answers in the guide, but novice exporters in particular will find it a useful starting point.
This FREE guide is available in 4 formats:
Available on the iTunes App Store and Google play