{"id":5161,"date":"2020-08-10T09:08:23","date_gmt":"2020-08-10T07:08:23","guid":{"rendered":"https:\/\/iic-global.net\/?p=5161"},"modified":"2024-09-30T15:34:23","modified_gmt":"2024-09-30T13:34:23","slug":"south-africa-market-situation","status":"publish","type":"post","link":"https:\/\/www.iic-global.net\/gb\/south-africa-market-situation\/","title":{"rendered":"South Africa &#8211; Market Situation"},"content":{"rendered":"<p>If we take a closer look at the South African market, we will find a flourishing economy. Based on figures from GTAI (<a href=\"https:\/\/www.gtai.de\/gtai-de\/trade\/wirtschaftsumfeld\/wirtschaftsdaten-kompakt\/suedafrika\/wirtschaftsdaten-kompakt-suedafrika-156832\">economic facts South Africa<\/a>). Inflation is down and the GPD (327 Bis. US$ in 2018) is still on a rising path. The structure of GDP is changing towards services (68%) and industry (29%). Only 2% is driven by agriculture. According to the German Foreign Ministry, South Africa is the third largest economy in Africa after Nigeria and Egypt.<\/p>\n<p>To reach the market as a foreign company, you can focus on three goals. Cape Town, Johannesburg and eThekwini, 3 locations where 52% of South Africa&#8217;s inhabitants live (<a href=\"http:\/\/www.statssa.gov.za\/?p=8429\">Stats SA<\/a>).<\/p>\n<p>There is still a great need for ICT infrastructure. Almost half of ICT imports (47.5%) are communication equipment and 30.7% consist of office and computer equipment. The industrial sector is still growing and requires software solutions, but these are more web- and mobile-based.<\/p>\n<p>South Africa imports more ICT technology than it exports. But they also export. Mainly telecommunications and television technology and services to other African markets.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>If we take a closer look at the South African market, we will find a flourishing economy. Based on figures from GTAI (economic facts South Africa). Inflation is down and the GPD (327 Bis. US$ in 2018) is still on a rising path. The structure of GDP is changing towards services (68%) and industry (29%).&hellip;<\/p>\n","protected":false},"author":1,"featured_media":5666,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5161","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-allgemein","category-1","description-off"],"_links":{"self":[{"href":"https:\/\/www.iic-global.net\/gb\/wp-json\/wp\/v2\/posts\/5161","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.iic-global.net\/gb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.iic-global.net\/gb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.iic-global.net\/gb\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.iic-global.net\/gb\/wp-json\/wp\/v2\/comments?post=5161"}],"version-history":[{"count":0,"href":"https:\/\/www.iic-global.net\/gb\/wp-json\/wp\/v2\/posts\/5161\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.iic-global.net\/gb\/wp-json\/wp\/v2\/media\/5666"}],"wp:attachment":[{"href":"https:\/\/www.iic-global.net\/gb\/wp-json\/wp\/v2\/media?parent=5161"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.iic-global.net\/gb\/wp-json\/wp\/v2\/categories?post=5161"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.iic-global.net\/gb\/wp-json\/wp\/v2\/tags?post=5161"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}