R245BN 460 000

Finweek English Edition - - COVER -

Glob­ally, ser­vices con­sti­tute 70% of GDP while they make up 62% in SA. The coun­try has highly de­vel­oped ser­vice in­dus­tries, yet McKin­sey es­ti­mates that it cur­rently cap­tures only 2% of the rest of sub-Sa­ha­ran Africa’s (SSA) mar­ket for ser­vice im­ports, which was worth an es­ti­mated R536bn in 2012, grow­ing at an av­er­age of 7.1% from 2002 to 2012. In con­trast, Brazil – which ac­counts for a com­pa­ra­ble share of GDP in its re­gion – com­mands a 26% mar­ket share in pro­vid­ing ser­vice im­ports to Latin Amer­ica, ac­cord­ing to the re­port. Ser­vice ex­ports from SA to SSA could grow from R10bn in 2012 to R120bn by 2030, the re­port said.

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