South Africa

About South Africa

South Africa is the southern most nation on the continent and has coasts on both the Atlantic and Indian Ocean. The local currency is the South African rand. South Africa is the second largest economy by GDP on the continent after Nigeria. The country is in the top 10 most developed countries in the Africa due to its great infrastructure. The South African economy relies on several sources of revenue such as mining of gold, diamonds and platinum but also has well developed tourism, financial services and manufacturing and transport sectors.

South African market overview

South Africa has experienced an average GDP growth of 1.68% over the last 10 years. There are over 30 languages spoken in the country with 11 of them being considered official languages.