Page 14 - 2019\20 KZN Top Business Portfolio - EBOOK

SOUTH AFRICA: FAST FACTS

www.topbusiness.co.za

Official name: Republic of South Africa
President: Cyril Ramaphosa
Government: Constitutional multiparty democracy,
with three spheres – local, provincial and national
Provinces: Eastern Cape; Gauteng; KwaZulu-Natal;
Mpumalanga; Northern Cape; Limpopo; North West;
Free State; 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 (2018): 57,73 million; Male 28,2 million
(49%); Female 29,5 million (51%)
� South African President, Mr Cyril Ramaphosa Gauteng comprises the largest share of the South
African population, with approximately 14,7 million
people (25,4%) living in the province. KwaZulu-Natal
has the second largest population, with 11,4 million
people (19,7%).
Ethnic groups: Black 80.2%; White 8.4%;
Coloured 8.8%; Indian/Asian 2.5%
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.
� KZN is the second largest contributor to the economy � Highly diversified economic structure in terms of
of the country
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,
manufacturing, tourism and agriculture.
For more information:
� KZN province offers a competitive advantage in www.southafrica.info and www.gov.za
manufacturing
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