South Africa is a country with a lot of potential. Despite its struggles, the country is home to some industries that are thriving. Whether it’s due to the resources available or the people working in them, these industries are performing better than most.
Top industries in South Africa right now
1. Agriculture
The agriculture industry is one of the top performing industries in South Africa, contributing approximately 10% to the country’s GDP. The sector employs over 3 million people and is a major source of export earnings. The main agricultural products produced in South Africa include maize, wheat, sugarcane, livestock, and poultry.
2. Mining
The mining industry is another top performer in South Africa, contributing around 7% to the country’s GDP. The sector employs over 500,000 people and is a major source of export earnings. South Africa is rich in mineral resources, and the country’s main exports include gold, platinum, coal, iron ore, and diamonds.
3. Manufacturing
The manufacturing industry contributes approximately 13% to South Africa’s GDP and employs over 2 million people. The sector is a major source of export earnings and includes a wide range of sub-sectors such as food and beverages, textiles, chemicals, and vehicles.
4. Tourism
The tourism industry is another top performer in South Africa, contributing around 9% to the country’s GDP. The sector employs over 1 million people and attracts over 10 million international visitors each year. The most popular tourist destinations in South Africa include Cape Town, Kruger National Park, and Johannesburg.
5. Financial Services
The financial services industry is one of the fastest growing industries in South Africa, contributing around 8% to the country’s GDP. The sector employs over 300,000 people and provides a wide range of services such as banking, insurance, and investment management.
6. Information Technology
The information technology (IT) industry is another top performer in South Africa, contributing around 5% to the country’s GDP. The sector employs over 100,000 people and provides a wide range of services such as software development, web design, and IT consulting.
7. Telecommunications
The telecommunications industry is another top performer in South Africa, contributing around 4% to the country’s GDP. The sector employs over 70,000 people and provides a wide range of services such as mobile phone networks and fixed line telephone services
Final thoughts:
South Africa is a land of opportunity, with many top performing industries. If you’re looking to invest in a new industry, or expand your business into this vibrant country, take a look at the list above and find the perfect sector for you. With so much growth potential, there’s no time like the present to get started!
Find out which companies are part of the Top 100 in 2022 – Sunday Times Top 100 Companies
