Doing Business in South Africa
An African economic powerhouse, expats will find that doing business in South Africa is as variable as the country's demographic distribution. Its rich cultural diversity means that expats will be at the mercy of an assortment of different practices and customs, but nonetheless, a few generalities do exist.
South Africa is internationally recognised as one of the world's foremost emerging markets, with the World Bank ranking it at 41 out of 189 countries in its Ease of Doing Business Survey for 2014. The best performing African country, South Africa is not far behind European economies such as France and Belgium, and is ahead of struggling Eurozone countries such as Italy, Spain and Greece.
The country's high ranking is well founded. Starting a business in South Africa is done in five procedures and takes less than a month, and the country is particularly known for protecting its investors. It won't take long for expats to fit in with a local populace which has learned that the most direct path to success is the one that people carve out for themselves.