economy at a glance South African economy at a glance

Insight into the South African ecomomy.

Table: South African mining production

Trends secured tens of thousands of new seats on direct flights to and from the city).

• Companies are successfully trading into Africa.

Increased by 116.5% year-on-year in April 2021.

Good signs for the economy include: Several provincial governments and investment agencies are establishing trade relations and study programmes with BRICS countries. State visits to and from China immediately before and after a major BRICS summit in 2018 gave an indication that Ramaphosa holds high hopes for increased trade with the biggest of the BRICS nations. Two-way trade between the countries in 2017 was worth $39.1-billion. South Africa wants grow tourist numbers from China. South Africa became the first country in the world to export beef to China in 2017, to go with existing exports iron ore, platinum and fruit and wine.

Tourists are visiting South Africa in record numbers (Cape Town’s Air Access programme has

Source: StatsSA.com

• Niche agricultural markets are booming with macadamia nuts being the most successful. Pecan nuts have done well and wine and grape exports to China are growing.

• Private education at school and tertiary level is growing as a sector.

• New banking licences have been issued and several more are in the pipeline.

• New stock exchanges came on line in 2017 and more are expected.

• Investment in infrastructure (especially ICT and railways) is strong. Nedbank’s report on capital expenditure in South Africa stated that the 29 large projects announced in the first half of 2018 were valued at R63.9-billion (Financial Mail). The renewable energy programme

Source: world exports.com secured tens of thousands of new seats on direct Companies are successfully trading into Africa. Niche agricultural markets are booming with macadamia nuts being the most successful.

Table: South African mineral sales

Mineral sales increased by 152.7% year-on-year in April 2021.

Largest contributors

PGMs seats on direct into Africa. booming with successful. and grape tertiary level is issued and in 2017 and (especially ICT and on capital stated that the the first half R63.9-billion (Financial programme

Iron ore Gold

Source: world exports.com

Pecan nuts have done well and wine and grape

Private education at school and tertiary level is New banking licences have been issued and New stock exchanges came on line in 2017 and Investment in infrastructure (especially ICT and railways) is strong. Nedbank’s report on capital expenditure in South Africa stated that the 29 large projects announced in the first half (Financial . The renewable energy programme