A major regional power, South Africa is the second largest economy in Africa, and the only African member of the G20. The largest country in Africa by area, South Africa shares borders with Namibia, Botswana, Zimbabwe and Swaziland. 75% of Africa’s largest companies are based here.
English is one of the country’s nine official languages, and is widely spoken.
South Africa is blessed with ample mineral resources. Mining remains a key industry, the country is home to 60% of the world’s coal reserves. South Africa the world’s largest producer of Gold, platinum and chrome, and an important producer of diamonds. In addition, large deposits of oil and gas are thought to lie offshore.
South Africa’s tourist industry makes an important contribution to GDP, and the country welcomes around 16 million tourists annually.
South Africa’s service sector is growing rapidly. The sector employs over 70% of the workforce, and is responsible for around 61.5% of GDP. In particular, the country is home to a dynamic financial services sector, including a stock exchange ranking in the global Top 20 by market capitalisation.
HLB South Africa provides a full range of professionals services for foreign investors looking to do business locally, out of 5 office locations across the country.
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