Grab state-of-the-art business opportunities with venture capital South Africa!

Posted by kamal on July 18th, 2016

Well, South Africa is a country holding vibrant and violent history. Being located at the southern tip of Africa, it is surrounded by both the Atlantic Ocean on one side and the Indian Ocean on the other. Having a large diversity of cultures and languages, two of the eleven official languages recognized in the constitution are of European origin like Afrikaans and English. In the public and commercial life, English is the predominant language. Moreover, it is only the fifth most-spoken language in the country. 

As far as the economic status is concerned, it’s a mixed one with a high rate or poverty and a low GDP per capita. As per the UN, South Africa is a middle-income country which holds an abundant supply of resources, well-developed financial, energy, legal, communications and transport sectors. Make a note, the stock exchange is ranked amongst the world's top twenty and their modern infrastructure supports an efficient distribution of goods to the major urban centres around the whole region.

Undoubtedly, South Africa is a perfect destination for anyone planning to set up new business overseas. A wide range of incentives are available to tempt investors like tax breaks and grants for specific projects that will render benefits to the country and enhance growth thereon.

The best part for investors is that South Africa has some sound economic policies which make it a safer place to invest. In the last few years, taxes have been reduced, tariffs lowered, exchange controls relaxed and the fiscal deficit brought under control which ultimately results into a high level of macro-economic stability.

At present, the country has a world-class infrastructure with sophisticated telecommunication industries and excellent transport. Entrepreneurship in South Africa seems to be a good option as investors enjoy a stable and favourable legal and business environment out there. The entire credit goes to very well developed legislation pertaining to commerce, labour and maritime issues and conventional laws related to competition policy, copyright, patents, trademarks and disputes.

Before you retrieve details about venture capital in South Africa or equity in Africa, you must note thatSouth Africa's banking sector also consistently ranks among the top ten in the world and its financial systems are robust and well regulated. Not only this, foreign banks are also well represented and internet banking seems to be a growth area for the sector. All in all, it has become easier for companies to do business in South Africa and has been ranked well by the World Bank and International Finance Corporation's Doing Business Report.