Investing in South Africa
South Africa moved up 14 places to 53th out of 112 jurisdictions surveyed in the latest Fraser Institute ranking of the world's most attractive regions for mining investment, putting the country at seventh-best for mining investment attractiveness in Africa.
South Africa is making a concerted effort to cut more red tape, both to enable businesses to increase their competitiveness and to promote increased foreign and local investment, says Finance Minister Pravin Gordhan.
S&P Dow Jones, the world's largest provider of securities indexes, has announced
the launch of the S&P South African Composite, which measures the performances
of companies actively traded and listed on the Johannesburg Stock Exchange.
Industrial gas company Afrox has broken ground on the site of a R300-million air separation unit at the Coega industrial development zone in the Eastern Cape. The 150-ton per day unit will produce a variety of industrial gases for the automotive, food processing and medical sectors.
South Africa is an important emerging market, offering a steadily growing economy with secure rewards for investors. That was the consensus at a special workshop hosted by Brand South Africa at the Mining Indaba in Cape Town.
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