Economy

South Africa Economy

South Africa’s economy has experienced relatively slow expansion in recent years, with GDP growth still short of the rates recorded prior to the global financial crisis of 2008-09. Like many of its emerging market peers, the country has been affected by falling commodity prices and the prospect of rising interest rates. However, South Africa continues to benefit from a series of comparative advantages, including its robust financial services industry and strong private sector. In addition to being Africa’s second-largest economy, it is the most globally integrated in terms of capital and trade flows, and is well placed to benefit from growth in Africa and the broader global economic recovery.

This chapter contains interviews with Nhlanhla Nene, Minister of Finance; Rob Davies, Minister of Trade and Industry; and Bobby Godsell, Chairman, Business Leadership South Africa.