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Investing in South Africa

South Africa has a relatively large and diverse economy, which is the powerhouse of Africa. South Africa's trade and industrial policy is in the process of fundamental change, moving away from a highly protected, inward looking economy toward an internationally competitive economy capitalising on its competitive and comparative advantages.

Already, tariff barriers have been reduced, exchange controls relaxed and greater labour market flexibility has been introduced. The government welcomes foreign investors.

Against the background of a rapidly transforming national economy, striving to expand and increase its competitive edge in world markets, the South African government has implemented many incentive programmes. These are aimed at accelerating and facilitating the transition to a competitive and sustainable manufacturing industry.

In short, South Africa is ready and able to supply into the world markets. International investors now need to be made aware of the abundance of opportunities, in order to develop confidence in the South African economy.