Doing business in South Africa

Abstract

Abstract This survey of the South African business environment outlines the major transformations the country has experienced since 1994. The economy has been restructured, which enhanced fiscal and monetary discipline as well as domestic and global competitiveness. The general business climate has been improved, but continued progress requires (1) prioritization of social issues such as HIV/AIDS, employment, and crime and (2) accelerated privatization, market reforms, and clarity about black economic empowerment. Such changes may stimulate inflation‐rate reduction, foreign exchange stability, and an increase in foreign direct investment. © 2004 Wiley Periodicals, Inc.

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