Global economic development in transition

At the beginning of the 21st Century, the world economy is in a constant change - a condition international companies can benefit from. Globalization, new consumer behavior, demographic change - there are only a few areas that have remained constant.

South Africa in the economic upswing

Since its democratization process the South African economy is growing. Germany is, however, one of the major trading partners of South Africa. The trade volume between the two countries amounted in recent years an average of EUR 11 billion, the potential is still high and the outlook remains promising.

South Africa currently produces a wide range of consumer and capital goods and fulfills highest quality standards required by the world market and generates approximately one-fifth of the GDP of the entire African continent. The steady economic growth is also driven by strong domestic demand.

The South African financial system is stable according to the International Monetary Fund and healthy and the World Economic Forum rated local banks solid than banks in Switzerland, Germany, the U.S. and Britain.

South Africa has a well-functioning infrastructure in the areas of roads, transport, communications, universities, hotels, academic institutions, and medicine.

As in Germany, local economic development agencies supporting foreign investors, based on investment promotion programs. There is a favorable investment climate and South Africa offers an excellent framework for international direct investment.

Benefit from South Africa's markets

ESA-Meridian Consulting exemplifies under the menu item "Chances" growth sectors in South African that offer very good business opportunities for the German / European companies. The markets of South Africa, however, are diverse and provides very good business opportunities for innovative products, services or concepts from other industries.

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