Since South Africa’s transition from Apartheid to constitutional democracy in 1994, the economy’s GDP has been steadily growing. South Africa’s revenue collection and fiscal and debt management are considered international best practice, as demonstrated by a balanced budget and very low external and domestic debt. South Africa comfortably borrows off-shore in its own currency, and does so with unprecedented low sovereign risk spreads, demonstrating a level of investor confidence that is rare for an emerging market.
South Africa’s current priority is to reduce poverty and inequality by:
- Accelerating the pace of growth and investment in productive capacity;
- Intervening decisively to advance the involvement of the marginalized in economic activity through expanded job creation and the promotion of sustainable livelihoods;
- Maintaining a progressive social security net along with investment in community services and human development;
- Improving the capacity and effectiveness of the state; and
- Building regional and international partnerships for growth and development.
With a low business start-up time, South Africa is currently one of the best locations to start a business and see it grow. Averaging around 8.00 to the US$, the South African Rand is holding strong, making it one of the top ten emerging markets in the world today.
The time is right to invest into South Africa and watch your investment increase. There are many opportunities in South Africa; we can help you find yours.
Contact Property Consultancy International for more on South Africa.
