Read the Country Risk Quarterly interactive guide for valuable insights on rapidly changing global markets, new opportunities and the latest political and economic risks that could affect your business.
The COVID-19 pandemic has severely impacted South Africa’s economic growth, which presents an opportunity for reform given the need to address the public sector wage bill, boost private-sector participation and curb corruption. Necessary economic reforms, however, may compound social-stability risks. Weakened business confidence due to the minimal progress made in resolving long-standing structural problems, including securing a reliable power supply, is also an issue.
Export Development Canada (EDC) serves Canadian companies in South Africa through our local representation in Johannesburg.