South Africa is called “Rainbow Nation” . Do you know which industries are full of business opportunities in the country with such fantasy title? Today, let me write a legendary book Investment Guide in South Africa for you.
First of all, let’s look at some basic situations in South Africa!
In the respect of political and security, South Africa is one of the countries that has the highest crime rate in the world.
In the respect of macro-economy risk, south Africa has high unemployment rate and serious gap between rich and poor, which caused a low growth rate of GDP.
In the respect of infrastructure bottlenecks, South Africa inherited a more developed infrastructure network, but bottlenecks have emerged. South Africa's roads and railways and even ocean shipping are in a tense situation, and it needs to be upgraded.
Some industries are quietly rising in such backgrounds and I wonder if you have noticed it:
South Africa JSE Securities Exchange is the biggest one in the Africa, with over 1 trillion dollar market capitalization till the end of 2013. South Africa's security problems also created the advanced life insurance markets, and life insurance’s penetration rate is 13.8% in 2014.
South Africa natural resources worth 20.3 trillion RAND, and 60 kinds of minerals have been found and the reserves of platinum group metals, gold and fluorite are the first of the world. At present, South Africa’s government's strategy is to encourage foreign traders to process raw materials before export, so as to enhance the added value and national income.
South Africa infrastructure development and deepening process of urbanization in Africa have brought investment opportunities in infrastructure, construction and building materials industry.
Infrastructure investments for South Africa’s power gap are much-needed. Meanwhile, South Africa’s average sunshine time is 2500 hours, which is one of the world's solar energy resource-rich countries. Solar energy, wind energy, nuclear power and so on contain investment opportunities.
Agriculture in South Africa only contributed 2.5% of the GDP in 2014, but its products such as Citrus juices, wine are famous at home and abroad. South Africa wines are increasingly favored by the Chinese market.
South Africa's automobile, metallurgy, machinery, chemicals, textile and other manufacturing industries contribute a lot to the economy; telecommunications is booming, and computers, cell phones have great market potential, but manufacturing operations, human resources, and logistics costs are high in south Africa.
If you want to investment in South Africa, just have a try of these industries!