South African investment into Africa
South Africa has strengthened its ties with sub- Saharan Africa through improved transport, telecommunications, financial and diplomatic links. In banking, retail and cellular technology, South African firms are among the largest on the continent. Africa accounted for 12 per cent of South Africa’s dividend earnings in 2012, up from two per cent in 2002. South Africa is the second- largest developing- country investor in Africa. The continent absorbs 28.2 per cent of South African exports, up from 22.6 per cent in 2002.
South Africa also plays a role in channelling global trade and investment into the region. In recent years, government has announced tax and financial- sector reforms to encourage greater investment into and trade with other African countries, and to promote South Africa as a hub ub for financial services. By the end of 2013, 17 African companies had bond and equity listings tings on the JSE, and Namibia listed a sovereign bond. Treasury has also announced various arious administrative reforms to simplify cross- border transactions.
Annual South h African trade and investment into Africa:
2002 – R5.5 5.5 billion
2007 – R12.6 R1 2.6 billion
2012 – R24.3 R2 24.3 billion