The Report: South Africa 2013

The Report: South Africa 2013

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The Rainbow Nation benefits from an internationally competitive private sector, which accounts for roughly 70% of GDP, and extremely competitive infrastructure; its utility sector, for example, produces just under half of the total power generated on the African continent. South Africa represents by far the most developed market in Africa, but there are still some structural challenges it is grappling with. Government strategies have set a target of increasing labour market participation from 54% in 2010 to 65% by 2030, bringing the number of workers in the formal sector to 25.3m people and lowering unemployment from 25% to 6%. While its fiscal space is narrow, long-term investments in infrastructure, education and health are expected to be key to attaining its growth potential. Recent years have seen both the public and private sectors look to strengthen regulatory frameworks in mining and industry a€“ in some cases, like the automotive sector, with impressive results.The JSE is by far the largest exchange in Africa, with a total market capitalisation of $929bn as of end-2012. ... challenges. Home to the globea#39;s 19th-largest exchange, South Africa has mature capital markets able to serve not only the ... any of its African peers, its openness has also exposed the economy to the volatilities of emerging market portfolio investment. ... equity derivatives, commodity derivatives and currency derivatives a€“ the Johannesburg Stock Exchange (JSE) was formedanbsp;...

Title:The Report: South Africa 2013
Author:Oxford Business Group
Publisher:Oxford Business Group - 2013-09-04


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