Page 12 - KZN Top Business Portfolio 2021/22- eBook
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SOUTH AFRICA:
FAST FACTS
Official Name: Republic of South Africa
President: Cyril Ramaphosa
Government: Constitutional multiparty democracy,
with three spheres – local, provincial and national
Provinces: Eastern Cape; Free State; Gauteng;
KwaZulu-Natal; Limpopo; Mpumalanga; Northern
Cape; North West; Western Cape
Capitals: Pretoria (administrative); Cape Town
(legislative); Bloemfontein (judicial)
Legal System: Parliament. Based on Roman-Dutch
law and the 1996 Constitution.
Area: 1 220 813 km 2
Population: For 2021, Statistics South Africa (Stats
SA) estimates the mid-year population at 60,14 million
people. Approximately 51,1% (approximately 30,75 million)
of the population is female.
Gauteng comprises the largest share of the South
African population, with approximately 15,81 million
people (26,3%) living in this province. KwaZulu-Natal is
the province with the second largest population, with
an estimated 11,5 million people (19,1%) living in this
province.
Ethnic Groups: Black African 80.9%; White 7.8%;
Coloured 8.8%; Indian/Asian 2.6%
Official Languages (11): English, isiZulu, isiXhosa,
isiNdebele, Afrikaans, Siswati, Sepedi, Sesotho,
Setswana, Tshivenda and Xitsonga.
South Africa’s Value Proposition:
Africa’s most industrialised economy. It is the
region’s principal manufacturing hub and a leading
services destination.
Highly diversified economic structure in terms of
sectoral composition.
One of the most open economies in the world
(ratio of exports and imports to GDP exceeds 58%).
Preferential access to numerous global markets.
Endowed with an abundance of natural resources.
An extensive and modern infrastructure network.
Sophisticated banking sector with a major footprint
in Africa. It is the continent’s financial hub.
Offers a supportive and growing ecosystem as a
hub for innovation, technology and fintech.
Key Economic Sectors: Mining, transport, energy, manu-
facturing, tourism and agriculture.
For More Information:
www.southafrica.info and www.gov.za
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