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OIN US ONLINEWWW.NORTHERNCAPEBUSINESS.CO.ZAONLINE JOIN S US ONLINEWWW.GLOBALAFRICANETWORK.COM | WWW.NORTHERNCAPWWW.GLOBALAFRICANETWORK.COM | WWW.NORTHERNCAPEBUSI| | 10 REASONSWHY YOU SHOULD INVEST IN SOUTH AFRICA01.HOT EMERGINGMARKETLARGEST PRESENCE OF MULTINATIONALSON THE AFRICAN CONTINENT05.Growing middle class, affluent consumerbase, excellent returns on investment.SA is the location of choice of multinationals in Africa.Global corporates reap the benefits of doing business inSA, which has a supportive and growing ecosystem as ahub for innovation, technology and fintech.FAVOURABLE ACCESS TOGLOBAL MARKETSADVANCED FINANCIAL SERVICES& BANKING SECTORSA has a sophisticated banking sector with a majorfootprint in Africa. It is the continent’s financial hub,with the JSE being Africa’s largest stock exchange bymarket capitalisation.YOUNG, EAGER LABOUR FORCE03.The African Continental Free Trade Area will boostintra-African trade and create a market of over onebillion people and a combined gross domestic product(GDP) of USD2.2-trillion that will unlock industrialdevelopment. SA has several trade agreements inplace as an export platform into global markets.SA has a number of world-class universities and collegesproducing a skilled, talented and capable workforce. Itboasts a diversified skills set, emerging talent, a large poolof prospective workers and government support for trainingand skills development.07.09.02.MOST DIVERSIFIEDECONOMY IN AFRICA04.06.08.South Africa (SA) has the most industrialised economy in Africa.It is the region’s principal manufacturing hub and a leadingservices destination.10.PROGRESSIVECONSTITUTION& INDEPENDENTJUDICIARYSA has a progressive Constitution and an independent judiciary. Thecountry has a mature and accessible legal system, providing certaintyand respect for the rule of law. It is ranked number one in Africa for theprotection of investments and minority investors.ABUNDANT NATURALRESOURCESSA is endowed with an abundance of natural resources. It is the leading producerof platinum-group metals (PGMs) globally. Numerous listed mining companiesoperate in SA, which also has world-renowned underground mining expertise.WORLD-CLASSINFRASTRUCTUREAND LOGISTICSA massive governmental investment programme in infrastructure developmenthas been under way for several years. SA has the largest air, ports and logisticsnetworks in Africa, and is ranked number one in Africa in the World Bank’sLogistics Performance Index.EXCELLENT QUALITYOF LIFESA offers a favourable cost of living, with a diversified cultural, cuisine andsports offering all year round and a world-renowned hospitality sector.Page | 2719SOUTH SOUTH AFRICAN AFRICAN BUSINESS BUSINESS 20232020
THE FREE STATE AT A GLANCETHE FREE STATE PROVINCE IN STATISTICSFREE STATE GROSS DOMESTIC PRODUCT (GDP)2012: R177-billion 2022: R327-billion (4.93% of RSA GDP)FREE STATE GDP BREAKDOWNSTATS SA, 2022Free State Gross Domestic Product (GDP)Finance 19%Personal services 18%Trade 13%Mining 11%Manufacturing 11%Government 10%Other 18%Stats SA, 2022GDP BY FREE STATE MUNICIPALITYMangaung Metro 41.2%Fezile Dabi 24.8%Thabo Mofutsanyane 17.7%Lejweleputswa 13.1%Xhariep 3.2%GROSS VALUE ADDED (GVA)The community sector, which includes the government services,is generally a large contributor towards gross value added (GVA)in smaller and more rural local municipalities. When looking at theregions within the province, Mangaung Metropolitan Municipalitymade the largest contribution to the community services sectorat 54.02% of the province. As a whole, Mangaung MetropolitanMunicipality contributed R121-billion or 41.02% to the GVA of theFree State Province, making it the largest contributor to the overallGVA of the Free State Province.POPULATION2022 2.9-million2027 (projection) 3.0-millionEMPLOYMENTA total of 754 000 people are employed in the Free State Provincewith 194 000 employed in the community services sector (25.7%).The trade sector with 176 000 (23.4%) is the second-largestemployment sector in the province.HOUSING Housing BY by DWELLING dwelling units UNITSHousing by dwelling unitsVery formal 51.2%Very Formal formal 32.2% 51.2%Formal Informal 32.2% 14.1%Informal Traditional 14.1% and other 2.5%Traditional and other 2.5%Very formal dwellings: built according to approved plans, eghouses on a separate stand, flats, townhouses, rooms in backyardsthat have running water and flush toilets.Formal dwellings: built according to approved plans but withoutrunning water or a flush toilet on premises.Informal dwellings: shacks in informal settlements, servicedstands or proclaimed townships, as well as shacks in backyards.Traditional dwellings: structures made of clay, mud, reeds orother locally available material.Other dwelling units: tents, caravans, etc.TOURISMNumber of trips to Free State Province by purpose of trips, 2022Visit friends, relatives1-millionLeisure, holiday 497 000Other (medical, religious) 227 000Business 226 000TOTAL1.95-MILLION17 FREE STATE BUSINESS 2025
