South Africa

The ISO code of South Africa is ZA according to the ISO 3166 standard. The local name of the country is the same as its English name. South Africa capital city is Pretoria (executive); Bloemfontein (judicial); Cape Town (legislative). People in South Africa speak the 'Afrikaans, English, Zulu, Xhosa, Tswana, Northern Sotho, Venda, Tsonga, Swati, and Ndebele languages. On 11 December 1931, South Africa emerged as a sovereign political entity. In the year 12/11/1931, South Africa emerged as a sovereign political entity. The largest cities in South Africa are Pretoria, Cape Town, Bloemfontein, Johannesburg, Durban .

South Africa is located in the UTC +02:00 time zone, which is also called Central Africa Time or CAT. The internet country code top-level domain (ccTLD) for South Africa is .za. Other domains assigned to South Africa are .capetown, .durban, .joburg. The International dialing code for South Africa is 27. People in South Africa drive on the left side of the road. Total land area of South Africa is 1,219,090 km² (approx. 470,691 mi²). South Africa is not a landlocked country. It means that is is bordered by at least one major body of water.

South Africa is located in Africa. South Africa is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life.

Currently South Africa faces various issues, including lack of important arterial rivers or lakes that requires extensive water conservation and control measures, growth in water usage outpacing supply, pollution of rivers from agricultural runoff and urban discharge, air pollution resulting in acid rain, soil erosion, desertification.

Doing business in South Africa

We offer various corporate services in South Africa jurisdiction. These services can serve both, people coming from South Africa and foreigners. If you plan on doing business in South Africa you might be interested in contacting us.

To find out about starting your business in South Africa click on company formation in South Africa.

To find out how to open a bank account in South Africa and moreover what type of account Confidus Solutions suggests to create, please click on bank account in South Africa.

Choose preferred service below or continue reading to find out more about South Africa.

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Demographics of South Africa

The total population of South Africa is 57,398,421 people. In South Africa, the population density is 43 people per square kilometer (112 per square mile). Because of this statistic, this country is considered to be sparsely populated. The ethnic diversity is very diverse according to a fractionalization scale which for South Africa is 0.7517. South Africa has approximately 3142511 foreign immigrants. The median age is approximately 25.7 years. In South Africa, 41 in every 100 people use internet. South Africa has a Human Development Index (HDI) of 0.658.

The majority religion of South Africa is Christianity, South Africa is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Click on a link to read more on demographics of South Africa.

Culture of South Africa

People in South Africa speak the 'Afrikaans, English, Zulu, Xhosa, Tswana, Northern Sotho, Venda, Tsonga, Swati, and Ndebele languages. According to data on inbound tourists in South Africa, 9,537,000 tourists arrive in the country each year. The first McDonalds in South Africa was opened on 11/11/1995. One of the most popular national dishes of South Africa is bobotie. To read more click on culture of South Africa.

Geography of South Africa

South Africa is considered to be a vast nation because of its total area. Its total land area is 1,219,090 km² (approx. 470,691 mi²). South Africa is located in Africa. Its capital city is Pretoria (executive); Bloemfontein (judicial); Cape Town (legislative). South Africa has 6 neighbouring countries. Its neighbours include Botswana, Lesotho, Mozambique, Namibia, Swaziland, and Zimbabwe. Total length of land borders of South Africa is 5244 kilometers (~2,025 miles).

The highest point of South Africa is Mafadi, with its official height being 3450 m (11,319 ft). Including land mass and EEZ, the total area of South Africa is approximately 2,754,628 km² (~1,063,563 mi²). The most notable natural resources found in South Africa are gold, chromium, antimony, coal, iron ore, manganese, nickel, phosphates, tin, rare earth elements, uranium, gem diamonds, platinum, copper, vanadium, salt, natural gas.To read more click on geography of South Africa.

Economy of South Africa

The currency of the country is South African rand. The symbol used for this currency is R, and it is abbreviated as ZAR. 27.5% of population in the country are unemployed. The total number of unemployed people in South Africa is 15,784,566. Each year, South Africa exports around $91.05 billion and imports roughly $99.55 billion. The Gini Index of the country is 62.5. South Africa has a Human Development Index (HDI) of 0.658.The Global Peace Index (GPI) for South Africa is 2.376. South Africa has a government debt of 43.3% of the country's Gross Domestic Product (GDP), as assessed in 2012. South Africa is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Major industries in the country are mining (world's largest producer of platinum, gold, chromium), automobile assembly, metalworking, machinery, textiles, iron and steel, chemicals, fertilizer, foodstuffs, commercial ship repair.

The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in South Africa is $707,097 billion. Each year, consumers spend around $221,990 million. The ratio of consumer spending to GDP in South Africa is 0%, and the ratio of consumer spending to the world consumer market is 0.52. The corporate tax in South Africa is set at 28%. Personal income tax ranges from 0% to 41%, depending on your specific situation and income level. VAT in South Africa is 14%. In 2013, South Africa received 1067.1 million USD in foreign aid.In 2014, the foreign aid amounted to 1403.1 USD.To read more click on economy of South Africa.

Infrastructure of South Africa

Infrastructure quality in South Africa is rated to be at 3.2. It indicates a satisfactory quality - roads, railroad, ports and other facilities are able to handle significant traffic at all times and are also suited to various types of transport vehicles and vessels.

In South Africa, 85.4% of the population has access to electricity. There are 4,761,000 internet hosts in South Africa. South Africa has 566 airports nationwide.

The logistics performance index of South Africa is 3.43. It indicates a satisfactory performance - in general, traffic is handeled well, some flaws in certain areas are possible, but overall the logistics system performs reliably and is ready to handle predictable amounts of traffic.

Tracking possibilities for shipments are rated at 3.3. It indicates a satisfactory performance - the tracking systems provide all the basic information as well as additional data about shipments; most of the times it also has a weel established cooperation with foreign and international tracking systems, as well as usually provides information in multiple languages.

The number of road motor vehicles per 1000 inhabitants in South Africa is 166. To read more click on infrastructure of South Africa.

Politics of South Africa

South Africa, is a unitary constitutional parliamentary republic. With regard to political and civil freedoms, South Africa is 1. Citizens in South Africa experience total freedom. The majority of countries in which citizens enjoy expansive civil liberties and political freedoms are representative democracies, in which officials are directly elected by citizens to advocate for their needs and desires. Free countries are often bolstered by healthy economies and high-functioning governments. The head of the government is Cyril Ramaphosa.

According to the World Bank Group, the government effectiveness index of South Africa is 0.33. This indicates that the government of South Africa is mediocre. While some public and civil services are limited, in other cases they can be considered adequate or even effective. Potential investors should carefully evaluate the governmental situation in South Africa before considering any business maneuvers.In South Africa, the legislative power is vested in a Parliament. The Global Peace Index (GPI) for South Africa is 2.376. The strength of legal rights index for South Africa is 5. Overall, it is considered to be rather inadequate - bankruptcy and collateral laws are able to protect the rights of borrowers and lenders to some degree; credit information may be sufficient, but hardly available, or, the oppoiste case, available but not sufficient. In 2013, South Africa received 1067.1 million USD in foreign aid. In 2014, the foreign aid amounted to 1403.1 USD. South Africa is a member of the United Nations (UN). On 7 November 1945, it joined the UN at it inception date as a full member state. South Africa is one of the original UN member states who founded the organization. South Africa is a member of the African Union (AU). On 6 June 1994, it joined the AU as a full member state. South Africa is a member of the World Bank. To read more click on politics of South Africa.

Environment of South Africa

South Africa emits 9.3 metric tons per capita of CO₂. 89170 km² of South Africa's territory is covered in forests. and forest land comprises 7% of all the land in the country. The number of road motor vehicles per 1000 inhabitants in South Africa is 166. To read more click on environment of South Africa.

Company formation in South Africa

The development of telecommunications and economic globalization has made it possible for interested investors to form companies around the world. With proper research, financial investments, and legal backing, business ventures can safely be established in South Africa.

When establishing a company in South Africa, an interested investor must do due diligence with regard to legal processes, international regulations, and sufficient investment for success. It is critical to understand cultural, social, and political factors of South Africa that will affect the establishment and growth of one's business. Contact us or click on company formation in South Africa to read additional information when setting up a business.

Bank account opening in South Africa

With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in South Africa. This opportunity for international accounts and investments offers several advantages based on economic regulations and tax structures. Interest rates and fees vary depending on your interests.

When considering opening a bank account in South Africa, one must enlist the help of international experts to guide them through the process. To find out more about our banking services click on bank account in South Africa or contact us.