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Overview

New visa rules a barrier to expanding South African tourism sector
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A powerhouse industry, major employer and economic mainstay during troubled times, South Africa’s tourism sector has risen to rival its mining sector in terms of overall contribution to GDP, with 2014 witnessing record levels of foreign visitor arrivals, drawn in by the country’s natural beauty, outdoor attractions, food and culture, and increasingly by its business and conference facilities. However,…

Overview

South Africa's agriculture sector seeking balance as it expands
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Worth over $15bn to the national economy, South Africa’s agriculture sector has historically been one of the strongest on the continent. Diversified and increasingly export-oriented, it enjoyed a strong year in 2014, on the back of a healthy maize crop and demand from abroad in particular. While the short-term outlook for 2015 is weaker, thanks to the worst drought for over two decades and macroeconomic…

Overview

South Africa's media sector records strong revenue growth
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South Africa’s media sector is perhaps the largest, and without a doubt the most sophisticated and dynamic, on the continent. It has certainly come a long way since 1976, when the country aired its first broadcast. With more than 850 print titles, around 250 radio stations, and 16 television providers offering more than 170 channels, the country does not lack for choice. The reach of broadcast in…

Overview

Reforms and a new strategy aim to improve South Africa's health sector
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Basic health indicators in South Africa have improved recently due to surging government expenditure aimed at combating communicable diseases that have exacerbated existing constraints within the public health system. The advent of universal health coverage under the National Health Insurance (NHI) scheme has led to a number of opportunities and challenges, offering the potential to vastly reduce the…

Overview

Efforts under way to improve access and outcomes in South Africa's education sector
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The education sector in South Africa remains a top priority for the state, with basic education receiving the largest slice of government expenditure in the most recent budget as stakeholders move to improve both the quality of learning and student outcomes. The post-secondary segment has also seen funding for research soar in recent years, and the government has significantly expanded its portfolio…

Overview

Changes to legal framework for investors in South Africa
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The South African legal system is a mixed or hybrid, and uncodified system based on a legacy of RomanDutch common law, as influenced by English law. Statute and judicial precedent constantly develop upon, alter, and update this common law base. Alongside the civil law there exists a rich tapestry of customary law based on the cultures, beliefs and traditions of the South African people. Cornerstone The…
Interview

Alexey Ulyukaev, Minister of Economic Development Russian Federation: Interview
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Interview: Alexey Ulyukaev Where do you see the greatest scope for increasing Russia-South Africa trade and cooperation? ALEXEY ULYUKAEV: We have been actively developing economic and trade relations with South Africa for many years. The volume of our bilateral trade has increased almost six times over the last eight years and has now reached about $1bn. In fact, South Africa ranks first among Russia’s…
Interview

Jacob Zuma, President: Interview
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Interview: President Jacob Zuma What steps are being taken to ensure more inclusive economic development in South Africa? PRESIDENT JACOB ZUMA: From 1994 onwards, the democratic government sought to address poverty and inequality primarily through expanding social assistance programmes and improving labour laws. Prior to 1996 our social assistance programmes benefitted fewer than 2.4m South Africans,…
Interview

Bobby Godsell, Chairman, Business Leadership South Africa: Interview
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Interview: Bobby Godsell What role is the private sector playing in the rollout of the National Development Plan (NDP)? BOBBY GODSELL: The private sector is fully behind the targets of the NDP and understands that certain fundamental social and political goals must be achieved to ensure inclusive growth. However, the key to its success will be implementation, and both the government and the private…
Interview

Rob Davies, Minister of Trade and Industry: Interview
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Interview: Rob Davies How can South Africa balance the need to liberalise trade while ensuring that local and regional industries are not unduly or negatively impacted? ROB DAVIES: Our goal is to industrialise the country while at the same time improving trade competitiveness. South Africa adopts a developmental approach to tariff policy, which means that we make a case-by-case assessment based on…