India - South Africa Business and Cultural Council

South Africa, located at the southern tip of Africa, is known for its diverse cultures, languages, and landscapes. Famous for its rich history, it hosts vibrant cities like Johannesburg and Cape Town and notable wildlife in Kruger National Park.

Ambassador and Consul General

The Consul General of South Africa, Mrs. Lerato Mashile and Director of Trade and Industry, Mr. Dean Hoff accepted the Honorary Membership of Global India Business Forum, in the presence of Global President of GIBF, Dr. Jitendra Joshi and Co-Founder & Director - Global Operations, Deepali Gadkari. Realizing the strengths of Global India Business Forum and the Consulate of South Africa and conscious of the benefits to be derived by both organizations and its members through this mutual understanding, both parties will be associated with each other in mutual cooperation to facilitate mutual investment, trade and economic cooperation complimented by knowledge sharing, training, certification and networking.

embassy-of-south-africa-ambassador-and-consul-general

Gold, Platinum, Cars, Iron ore, Coal Briquettes

Crude petroleum, Refined petroleum, Cars, Vehicles, Gold

About South Africa

ABOUT South Africa

South Africa, also called as the Republic of South Africa is the southernmost country of Africa. The country shares its borders with countries like Botswana, Mozambique, Namibia, Swaziland and Zimbabwe. South Africa also surrounds the country of the Kingdom of Lesotho as Lesotho is an enclaved country. It has a land area of 12,21,037 sq. km. South Africa has three capital cities namely Pretoria, Bloemfontein and Cape Town. The largest city of South Africa is Johannesburg and the country’s population, as of 2020, stands at 5,93,08,690. About 80% of the country’s population is of African ancestry and there are many African languages spoken by different ethnic groups residing in the country. South Africa is a multiethnic society with people from different religions and cultures, speaking different languages residing harmoniously. The South African constitution recognizes 11 languages as its official languages. However, the most spoken languages are Zulu and Xhosa.

Business Opportunities in South Africa

BUSINESS OPPORTUNITIES IN South Africa

South Africa is mostly famous for its gold and diamond exports. There are huge deposits of gold and diamonds spread across the country and this would give immense boost to the mining sector as the sector would produce great business opportunities for the countries interested in the mining of gold and diamonds. The country is also rich in the deposit of other natural resources like minerals, for example, manganese, chrome, palladium, vermiculite, etc. and these large deposits of natural resources could be of monetary interest to countries that want to import these materials for their industrial purposes.

Exports and Imports In South Africa

In May 2024 South Africa exported ZAR170B and imported ZAR158B, resulting in a positive trade balance of ZAR12.1B. Between May 2023 and May 2024 the exports of South Africa have decreased by ZAR-6.01B (-3.41%) from ZAR176B to ZAR170B, while imports decreased by ZAR-15.7B (-9.03%) from ZAR174B to ZAR158B.

Top Exports of South Africa

In May 2024, the top exports of South Africa were Platinum (ZAR19.4B), Gold (ZAR10.9B), Iron Ore (ZAR10.4B), Coal Briquettes (ZAR9.98B), and Delivery Trucks (ZAR9.04B).

Top Imports of South Africa

In May 2024 the top imports of South Africa were Refined Petroleum (ZAR21.4B), Commodities not elsewhere specified (ZAR15.8B), Crude Petroleum (ZAR6.81B), Cars (ZAR4.69B), and Telephones (ZAR4.22B).