BUSINESS IN SOUTH AFRICA

Business in South Africa

CRITERIA

COMMENT/EVALUATE

SOURCE (CHANGE LINK TO SOURCE YOUR OWN COUNTRY)

BASIC COUNTRY DATA

PROVIDE THE INFORMATION AND PROVIDE EXPLANATION. (WHAT DOES THIS INFORMATION MEAN? WHY IS IT RELEVANT?)

Developed (Advanced), Emerging, or Undeveloped (Developing)?

South Africa is considered as a developing country. On the other hand, it is also considered as newly industrialized country. Therefore, South Africa is considered as rising market which is trying to develop rapidly. In this scenario, some forecasters have forecasted that South Africa will have emerged as developed country by the end of the 21st century.

mg.co.za/article/2013-09-20-00-south-africa-comes-last-in-sustainable-development-index

Size of country in kilometers square

The total area of South Africa is approximately 1,221,037 Km2. According to recent reports of South Africa, 81.6% of the total area of the country is used by the field of agriculture. Furthermore, the country is categorized as the 24th biggest country by area of land, in the entire world. Therefore, large number of investors can invest their capital. This may greatly help the country in increasing their revenues.

https://www.cia.gov/library/publications/the-world-factbook/geos/ku.html

http://www.southafrica.info/about/facts.htm#.Uj1eLNJHKzl

Natural Resources, crops and industry

Natural resources of South Africa may include asbestos, vermiculite, natural gas, salt, vanadium, copper, diamonds, gem, uranium, tin, phosphates, nickel, manganese, iron ore, coal, antimony, platinum, chromium, gold, mica, gypsum, phosphate, silver, zirconium, kaolin, rutile, zinc, lead, fluorspar and limestone. On the other hand, South Africa also incorporates various industries. These industries may greatly help the country in enhancing their revenues.

The industries of South Africa may include tobacco industry, paper products, food industry, fertilizer industry, chemical, steel and iron industry. Furthermore, petroleum refining, car assembly, chromium and gold are also considered as the most prominent industries of South Africa.

Agriculture is considered as the most prominent contributor in South Africa's economy. Major crops of South Africa may include beans livestock, sunflower seeds, peanuts, cotton, tobacco, barley, sorghum, vegetables, potatoes, fruits, sugar cane, wheat and maize. All these natural resources, industrial resources may play a vital role in the economical development of South Africa.

http://www.jyu.fi/viesti/verkkotuotanto/kp/sa/env_resources.shtml

Government system

The (RSA), Republic of South Africa is a legitimate democracy. The government system of South Africa is consisted of three features. These features may include local, provisional and national governments. Therefore, Republic of South Africa is a supreme democratic state. This type of government system may greatly help the concerned authorities in ensuring the smooth operations of the state.

http://www.kznlegislature.gov.za/AboutLegislature/TheStructureofGovernmentintheRepublicofSA.aspx

www.southafrica.info/about/government/gov.htm#.Uj1lXtJHKzk

Legal System

(Religious/

Secular? Based on?)

South Africa is the country that has a proper and appropriate court system. The legal system on South Africa is based on the secularity. This is the reason that, the courts of South Africa are considered as the most independent courts. In addition to this, the legal system of South Africa can also be considered as 'mixed legal system”.

https://www.cia.gov/library/publications/the-world-factbook/geos/ku.html

Are laws obeyed and enforced? (Normalized out of 10)

In South Africa laws are properly enforced and obeyed by the people and the normalized rate of law enforcement in South Africa is 5.89.

http://info.worldbank.org/etools/kam2/

KAM_page1.asp

Are there laws regarding foreign ownership of business?

The government of South Africa has also introduced and implemented various laws regarding the foreign ownership of ...