PricewaterhouseCoopers in South Africa

South Africa's successful transition to democracy in 1994 has been accompanied by a dramatic reversal of the country's economic fortunes. Hailed internationally as an event of historic proportions, democracy brought an abrupt end to negative trends in virtually all of the major economic indicators. Inflation is under control, foreign exchange reserves have increased tenfold, positive real GDP growth has been recorded for nine years in succession, and strong growth has occurred in fixed capital formation, to name but a few.

Reasons to consider investment in South Africa include its excellent physical infrastructure, low energy costs, diversified economy, political stability, and sound fiscal and monetary policies. Add to this a wonderful climate and an array of investment incentives and it becomes fairly obvious why the country has been attracting significant levels of direct foreign investment. In a modern world characterized by increased competitiveness and information retrieval on call, it is becoming imperative for decision-makers to have access to relevant and condensed data. This guide is one of a large variety of publications
by PricewaterhouseCoopers that provides incisive and useful information on the South African economy and its regulatory environment. It also serves as a further demonstration of the firm's commitment to serving the interests of business in one of the world's leading emerging markets. Should you need more information, please contact any of the offices listed at the front of this guide. We look forward to working with you.

Colin Beggs
Chief Executive Officer