South Africa is an important emerging market in the global stage, offering a solid and steadily growing economy with secure rewards for potential investors. That was the consensus at the Investment Promotion Workshop hosted by Brand South Africa at the Mining Indaba in Cape Town on 5 February.
The average South African is now worth US$11 310, up 169% from $4 200 in 2000, according to a new report, Wealth Statistics in Africa. More than this, the country's powerhouse city of Johannesburg is now home to the highest concentration of dollar millionaires on the continent.
South Africa's approach to government policy sets a benchmark for other emerging countries to follow, writes Brand South Africa chief executive Miller Matola.
What are South Africa's prospects in the global economy? At the World Economic Forum meeting in Davos, the Mail & Guardian and Brand South Africa put the public's questions to trade and industry minister Rob Davies, Colin Coleman of Goldman Sachs and communications minister Yunus Carrim.
International economists predict steady growth in the South African economy over the next year, one sign that the country is increasingly competitive globally – and is attracting substantial interest from Chinese investors.