(ThyBlackMan.com) South Africa has a population of over 50 million people, and they are looking for ways to earn a living. Many of them are starting their own businesses, but don’t know where to start. This article will give you some great ideas on how to get started.
South Africa is a country that has a rich history. The country was founded in 1910, and its economy grew rapidly after 1994. South Africa is now considered the breadbasket of Africa. In addition to being known for its agriculture, South Africa also produces diamonds, gold, platinum, coal, iron ore, and other minerals.
There are many investment opportunities for those looking to invest in South Africa. There are many industries that are growing, such as tourism, manufacturing, mining, and retail. If you want to start a business in South Africa, then you should consider these five industries.
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Tourism
Tourism is one of the largest industries in South Africa. Last year, this industry contributed more than 7 percent to the GDP of South Africa. Travelling is becoming popular among tourists because it provides an inexpensive way to see new places.
The government of South Africa promotes tourism by offering tax incentives to companies who promote travel. They have also created programs to protect wildlife, and to preserve historical sites.
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Manufacturing
Manufacturing is another large industry in South Africa. It contributes about 6.5% of the country’s GDP. Companies can make products here using cheap labor and abundant supplies of energy.
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Mining
Mining is also a very important part of the economy. More than 40 percent of all jobs. In fact, there are more employees working in the mining industry than any other sector in South Africa. Some of the highest paying jobs in South Africa are also in Mining.
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Retail
Retail is also a big industry in South Africa. According to the World Bank, retail trade accounts for approximately 10% of the country’s total economic output. The industry employs about 11% of the workforce in South Africa.
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Agriculture
Agriculture is still a significant portion of the economy. Although the number of farms is decreasing, agriculture remains a vital part of the economy. Farming contributes about 8% of the GDP in South Africa.
These are just a few examples of the potential investment opportunities in South Africa. You can also invest in companies through the Johannesburg stock exchange
The Johannesburg Stock Exchange (JSE) is the largest and most important stock exchange in South Africa. It is a constituent of the JSE Limited group, which also includes the JSE All Share Index, an index that tracks all listed securities on the exchange. The JSE was established as a private company limited by guarantee in 1881. In 1986 it became a public company.
It has been described as “the world’s oldest continuously operating stock exchange” and one of the world’s leading exchanges for equities trading. The JSE focuses on domestic South African stocks but offers cross-border listings of foreign companies with operations in South Africa.
In 2014, the JSE had a market capitalization of R637 billion ($50 billion). This makes it the third largest stock exchange in terms of market capitalization after the New York Stock Exchange and NASDAQ. The JSE trades around 3,000 issues per day, representing over 1 million individual shares changing hands every week. Market makers account for 70% of daily volume.
The JSE operates from Monday to Friday, excluding public holidays. Trading starts at 09:30. The last traded price is usually published 30 minutes later.
There are three main types of stocks listed on the exchange: local, non-local and financial stocks. Local stocks include those that qualify for listing under the JSE’s ‘Local’ category; these are typically small cap or mid cap stocks. Non-local stocks include those that do not qualify for listing under the ‘Local’ category; they are larger caps or smaller caps. Financial stocks include debt instruments such as bonds and debentures.
You must remember that as with all investments, they can go both up and down so be sure to invest as per your risk appetite. It is always good to have a diversified investment portfolio in a range of different assets to help reduce the risk. For example, if the markets crashed it would be good to have other assets in Gold or other commodities which are more likely to hold their value. Investments such as property in South Africa can also bring an income as well as having the potential for capital gains when increasing in value over time.
As with many other countries across the world, South Africans are also starting to invest in Cryptocurrency. There has been a lot of debate over the last several years about the valuation of some of these cryptocurrencies and whether they are a good investment, as with many new technologies a lot of risk is in picking the right ones which will succeed in the future. Bitcoin is currently the largest crypto asset, read more about how to buy bitcoin in South Africa. It is not the easiest asset class to invest into and there can be risks of fraud and even just losing your login wallet login details.
Staff Writer; Mark Parker
