South Africa PESTLE Insights - A Macroeconomic Outlook Report

South Africa PESTLE Insights - A Macroeconomic Outlook Report
Summary

Mining, manufacturing, and utilities contributed 24.8% to South Africa’s gross value added (GVA) in 2022, followed by financial intermediation, real estate, and business activities (23.7%), and wholesale, retail, and hotels business activities (13.5%). In nominal terms, the three sectors are forecast to grow by 5.4%, 5.0%, and 5.0%, respectively, in 2023.

Johannesburg and Cape Town generated 19.9% of the country’s GDP and were home to 17.9% of the country’s population in 2022, according to GlobalData cities database.

Key Highlights

The TOP40 Index has been on an upward trend. As of August 29, 2023, the index stood at 69,184.6, compared to 62,546.8 on August 29, 2022.

ScopeIn April 2023, the Ministry of Public Works and Infrastructure announced that the public sector of the country is expected to spend ZAR903 billion ($55.2 billion) on infrastructure.Reasons to BuyMacroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure.PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operationsAlong with providing the country’s snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business.This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies’ presence in these areas.