South Africa
On this page you will find beneficial information regarding foreign direct investment in / trading with South Africa. If you are interested in exploring trade or investment possibilities in the country, feel free to contact the International Trade Council team. Additionally, we encourage you to engage with the official government investment agency featured on this page.
It is important to note that while the statistics presented on this page were understood to be accurate at the time of publication, they are subject to change over time. Please consult your ITC Trade Commissioner for up-to-date information.
Type of Government: Parliamentary Republic
Population: 59.89 million (2022)
GDP: 405.3 billion USD (2022)
Corporate Tax Rate: 27%
Personal Income Tax Rate: 18% - 45%
Major Exports: The top exports of South Africa are Gold ($22.7B), Platinum ($19.1B), Coal Briquettes ($12.7B), Cars ($6.89B), and Diamonds ($6.22B), exporting mostly to China ($23.4B), United States ($10.9B), Germany ($9.96B), India ($9.14B), and Japan ($8.85B). In 2022, South Africa was the world's biggest exporter of Platinum ($19.1B), Manganese Ore ($2.96B), Chromium Ore ($2.51B), Precious Metal Ore ($1.97B), and Titanium Ore ($656M).
Major Imports: The top imports of South Africa are Refined Petroleum ($17.1B), Cars ($4.62B), Crude Petroleum ($4.34B), Motor vehicles; parts and accessories (8701 to 8705) ($3.76B), and Broadcasting Equipment ($3.12B), importing mostly from China ($23.5B), Germany ($9.67B), India ($8.32B), United States ($6.11B), and Saudi Arabia ($4.5B).
National Chamber of Commerce: South African Chamber of Commerce and Industry
Website: https://www.sacci.org.za/
Customs Agency: South African Revenue Service (SARS)
Website: https://www.sars.gov.za/
