South Africa

The Supremacy Group (Pty) Ltd, South Africa – Global Accounting Alliance Member

Economic Overview & Business Opportunities

Located at the southern tip of the continent of Africa, South Africa is officially known as the Republic of South Africa (RSA). It is bounded on the south by the coastline of Southern Africa stretching along the South Atlantic and Indian Oceans. South Africa is the 25^th -largest country in the world by land area, and a population of 53 million people that make it as the world’s 24^th most populous nation. The fact depicts that South Africa itself is the huge market with many untapped business opportunities for insightful investors.

South Africa is the second highest-ranked African country, after Mauritius, and third-placed among the BRICS economies in the World Economic Forum’s 2015-2016 Global Competitiveness  Index, ranking 49^th out of 140 countries surveyed while placing first for strength of auditing and reporting standards as well as financing through local equity market, and 12th for financial market development.

While much of the world staggered in the wake of the global financial meltdown in 2017, South Africa managed to stay on its feet – mainly due to its prudent fiscal and monetary policies. South Africa is a country which is politically stable with a well-capitalised banking system, abundant natural resources, well-developed regulatory systems as well as research and development capabilities, and an established manufacturing base.

It’s world-class and progressive legal framework, legislation governing commerce, labour and maritime issues is particularly strong. The country’s modern infrastructure supports the efficient distribution of goods throughout the southern African region. Looking at the investment climate, the overall investment environment is very encouraging. The South African’s government has provided investment incentives and industrial planning interventions to encourage commercial activity and foreign capital into the country.

The country remains rich with promise. As a G20 country, South Africa is regarded as a low-risk investment destination for investors looking for chances to tap into Africa’s market.

Carien van Dijk
Executive Director

Penny Smith
Executive Director