South Africa

South Africa

Region: Africa
 

Classification of economies by geographic region is based on that of the United Nations Statistics Division.

Efficiency-Driven Economy
 

Classification of economies by economic development level is based on the phases set out by the World Economic Forum (WEF) in its Global Competitiveness Report. More info

Population: 55.0 million
GDP: $313.0 billion
GDP Per Capita: $5,695

South Africa Reports

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  • Year of publication: 2017
  • Category: National Reports
  • Language: English
  • Upload date: 2017-05-15

  • South Africa over the last year, and especially the last few months, has gone through a series of political and economic setbacks, all of which are likely to have a dramatic effect on the overall well-being of the citizens of the country. These setbacks include a politically-motivated reshuffle of the cabinet; rating agencies Standard and Poor and Fitch downgrading South Africa to junk status; and GDP growth in 2016 at a mere 0.3%. South Africa’s main social problems remain its extremely high income inequality and employment challenge. A weak job-creating capacity that has led to chronically high unemployment and – even more significantly –under employment has been a critical contributory factor in the country’s persistent poverty and inequality. Unemployment is at its highest level ever (27.6%), with an expanded rate of over 40% and youth unemployment at over 65%. It has never been more important or urgent for South Africa’s policy makers to make a strong commitment to growing the economy. A key priority is to introduce reforms aimed at fostering a more enabling business environment, particularly for the small and medium-sized enterprises which contribute so much to employment. In many developing economies, small businesses have been shown to contribute substantially to job creation, economic growth and more equal income distribution.
  • URL: https://www.gemconsortium.org/report/49833
GEM South Africa 2016-2017 Report
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  • Year of publication: 2016
  • Category: National Reports
  • Language: English
  • Upload date: 2016-05-25

  • Data from the 2015 GEM survey (the 14th in which South Africa has participated) confirm South Africa’s persistently low levels of entrepreneurial activity relative to other countries participating in GEM. Although 2015 sees an encouraging increase in the number of South Africans who believe there are good opportunities for starting a business in their area, as well as those who believe that they have the necessary skills, knowledge and experience to start a business, this has not translated into higher levels of entrepreneurial intention.
  • URL: https://www.gemconsortium.org/report/49537
GEM South Africa 2015 - 2016 Report
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GEM South Africa 2014 Report
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GEM South Africa 2013 Report
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  • Year of publication: 2013
  • Category: National Reports
  • Language: English
  • Upload date: 2015-03-27

  • Sub-Saharan Africa is in the midst of an entrepreneurial revolution that is invigorating the region with new opportunities, increased employment and a robust rise in gross domestic product to one of the highest in the world. The GEM 2012 Sub-Saharan African Regional Report reveals that the entrepreneurial landscape is changing rapidly, with the region becoming a mecca for business development and growth.

  • URL: https://www.gemconsortium.org/report/48810
GEM 2012 Sub-Saharan Africa Regional Report
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