As of the second quarter of 2024, nearly 3.83 million people in South Africa worked within the community and social services industry. The sector concentrated the highest number of employees, followed by the trade industry, which employed about 3.36 million people. A struggling labor market The South African labor market faces severe challenges and obstacles. In 2023, the country had the highest unemployment rate in Africa, with almost 30 percent of the labor force being jobless. In addition, only 40 percent of the population was employed in 2021. Indeed, South Africans were the most concerned globally about finding jobs and being unemployed. According to a survey, 64 percent of South African respondents reported being worried about unemployment as of September 2023. A highly unequal country South Africa is the most income-unequal country in the world, as it registered a Gini score of 63 in 2021. The major reasons for this inequality originate from the country’s infamous Apartheid regime and the failure of the job market to provide enough opportunities for its people. For example, the unemployment rate among Black South Africans was close to 37 percent, compared to eight percent for white South Africans. Furthermore, unemployment in the country was more widespread among individuals with a lower level of education. Specifically, in 2023, over 50 percent of the jobless South Africans had an education level lower than matric (grade 12).
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The GCC and Africa ICT Market Report is Segmented by Technology (Big Data Analytics, Mobility and Telecom, Cloud Computing, Storage, Business Process Outsourcing, and Other Technologies), Component (Hardware/Devices, Software and Services, Communication and Connectivity), End-User Industry (Oil, Gas, and Utilities, Travel and Hospitality, Healthcare, Financial Services, Manufacturing and Construction, and Other End-User Industries), and Region/Country (GCC (Saudi Arabia, United Arab Emirates, Qatar, Oman, Kuwait, Bahrain), Africa (Egypt, South Africa, Nigeria, Rest of Africa)). The Report Offers the Market Forecasts and Size in Value Terms in USD for all the Above Segments.
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South Africa ZA: GDP: % of Manufacturing: Medium and High Tech Industry data was reported at 24.428 % in 2015. This stayed constant from the previous number of 24.428 % for 2014. South Africa ZA: GDP: % of Manufacturing: Medium and High Tech Industry data is updated yearly, averaging 25.186 % from Dec 1990 (Median) to 2015, with 26 observations. The data reached an all-time high of 31.751 % in 1995 and a record low of 23.557 % in 2008. South Africa ZA: GDP: % of Manufacturing: Medium and High Tech Industry data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s South Africa – Table ZA.World Bank: Gross Domestic Product: Share of GDP. The proportion of medium and high-tech industry value added in total value added of manufacturing; ; United Nations Industrial Development Organization (UNIDO), Competitive Industrial Performance (CIP) database; ;
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The South Africa Data Center Server Market is Segmented by Form Factor (Blade Server, Rack Server, and Tower Server) and by End User (IT and Telecommunication, BFSI, Government, Media and Entertainment, and Other End Users). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.
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South Africa Container Glass Market Report is Segmented by End-User Industry ((Beverages (Alcoholic Beverages (Wines and Spirits, Beer and Cider, and Other Alcoholic Beverages) and Non-Alcoholic Beverages (Carbonated Soft Drinks, Juices, Water, and Other Non-Alcoholic Beverages)), Food, Cosmetics, Pharmaceutical, and Other End-User Industries). The Market Sizes and Forecasts are Provided in Terms of Volume (Tonnes) for all the Above Segments.
The revenue in the 'Printers & Copiers' segment of the consumer electronics market in South Africa was forecast to continuously increase between 2024 and 2029 by in total 3.2 million U.S. dollars (+5.24 percent). According to this forecast, in 2029, the indicator will have increased for the seventh consecutive year to 64.26 million U.S. dollars. Find more information concerning Thailand and Indonesia. The Statista Market Insights cover a broad range of additional markets.
The revenue in the smart home market in South Africa was forecast to continuously increase between 2023 and 2028 by in total 506.2 million U.S. dollars (+74.06 percent). After the ninth consecutive increasing year, the indicator is estimated to reach 1.2 billion U.S. dollars and therefore a new peak in 2028. Notably, the revenue of the smart home market was continuously increasing over the past years.Find more information concerning Italy and Worldwide. The Statista Market Insights cover a broad range of additional markets.
This statistic shows the distribution of the gross domestic product (GDP) across economic sectors in South Africa from 2013 to 2023. In 2023, agriculture had contributed around 2.62 percent to the GDP of South Africa, whereas industry and services had contributed 24.62 and 62.61 percent of the total value added, respectively.
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The South Africa Data Center Networking Market is Segmented by Component Type (product (ethernet Switches, Router, Storage Area Network (SAN), Application Delivery Controller (ADC), and Other Networking Equipment) and Services (installation & Integration, Training & Consulting, and Support & Maintenance)) and End-User (IT & Telecommunication, BFSI, Government, Media & Entertainment, and Other End-Users). The Market Size and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.
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South Africa ZA: GDP: % of GDP: Gross Value Added: Industry: Manufacturing data was reported at 11.858 % in 2017. This records a decrease from the previous number of 12.040 % for 2016. South Africa ZA: GDP: % of GDP: Gross Value Added: Industry: Manufacturing data is updated yearly, averaging 19.947 % from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 22.607 % in 1981 and a record low of 11.601 % in 2013. South Africa ZA: GDP: % of GDP: Gross Value Added: Industry: Manufacturing data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s South Africa – Table ZA.World Bank: Gross Domestic Product: Share of GDP. Manufacturing refers to industries belonging to ISIC divisions 15-37. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Note: For VAB countries, gross value added at factor cost is used as the denominator.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average; Note: Data for OECD countries are based on ISIC, revision 4.
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Graph and download economic data for Infra-Annual Labor Statistics: Employment: Economic Activity: Industry (Except Construction): Total for South Africa (LFEAINTTZAA647S) from 2000 to 2024 about South Africa, construction, employment, and industry.
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Market Size and Growth: The hospitality industry in South Africa is experiencing steady growth, reaching a market size of USD 1.36 billion in 2025. It is projected to continue expanding at a CAGR of 4.43% from 2025 to 2033, driven by factors such as increasing tourism, government initiatives, and growing demand for luxury accommodations. The industry is segmented into various types, including chain hotels, independent hotels, service apartments, budget and economy hotels, mid and upper mid-scale hotels, and luxury hotels. Key Trends and Challenges: The hospitality industry in South Africa is influenced by several trends, including the rise of online booking platforms, the growing popularity of eco-tourism, and the increasing focus on personalized experiences. However, the industry also faces challenges, such as rising costs, competition from the informal sector, and the impact of economic downturns. The major companies operating in the market include Hilton Worldwide Holdings Inc., InterContinental Hotels Group, Marriott International Inc., and Accor SA. Market concentration is relatively low, with a diverse range of players in the market and no single dominant competitor. Recent developments include: In March 2022, Kasada announced the purchase of the Cap Grace Hotel in Cape Town, South Africa. Kasada's hotel acquisition marks the company's first foray into the South African hotel operator market. It also helps Kasada's strategy of expanding into all major cities in Sub-Saharan Africa., In May 2022, Millat Investments took over the iconic Winston Hotel in Rosebank, Johannesburg, South Africa, adding another key property to its rapidly expanding hospitality portfolio. The purchase of the Winston property comes on the heels of the successful Africa Travel Indaba in Durban, an event aimed at reviving tourism to South Africa and the continent following the global pandemic lockdown.. Key drivers for this market are: Rising Tourism in the United Arab Emirates Bolsters the Growth in Hospitality Sector, The Rise in the Mice Industry in the United Arab Emirates Drives the Hospitality Sector. Potential restraints include: High Rentals in the United Arab Emirates Pose a Restraint to the Hospitality Sector. Notable trends are: Growth in Tourism Sector in South Africa is Expected to Outpace Hospitality Industry.
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The South African fruits and vegetables industry is projected to experience steady growth over the next decade, with a market size valued at $2.38 million in 2025 and an estimated CAGR of 7.70% from 2025 to 2033. This growth is attributed to factors such as increasing urbanization and rising disposable incomes, which have led to a surge in demand for fresh produce. Additionally, government initiatives aimed at promoting healthy eating habits and supporting local farmers are creating a favorable market environment. Market trends include a growing preference for organic and locally sourced produce, as well as the emergence of e-commerce platforms for fruit and vegetable sales. However, challenges such as climate change and water scarcity pose potential restraints to industry growth. Major companies operating in the market include ZZ2, Capespan, and Freshworld International. The industry is segmented into vegetables and fruits, with both segments exhibiting positive growth prospects. This report provides a comprehensive examination of the South African fruits and vegetables industry. It covers various market segments, including production, consumption, import, and export analysis, and explores industry trends, challenges, growth catalysts, and leading players. Key drivers for this market are: Increasing Berry Consumption for Health Benefits, Increasing Adoption of High-Technology Farm Practices; Growing Usage of Berries in the Food and Beverage Industries. Potential restraints include: High Production Cost Involved in Berry Production, Increasing Disease and Pest Infestations. Notable trends are: Increase in Health Consciousness Among Consumers.
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South Africa Dropshipping Market size was valued at around USD 754.40 million in 2024 and is projected to reach USD 1,782.03 million by 2030 along with a CAGR of around 14.99%.
The South African advertising industry is projected to grow from 1.35 billion U.S. dollars in 2011 to 3.24 billion U.S. dollars by 2023, owing to factors such as the growing number of advertising agencies, increased advertising spend by enterprises and the growth in digital and mobile advertising. Although TV and video was the largest medium in 2019, internet advertising is expected to account for the major share in the medium term, owing to growing internet penetration and the increasing number of mobile internet users. In fact, mobile advertising revenue is projected to grow over two-fold between 2018-2023. In terms of ad spend, Shoprite Holdings is the highest spender, with a total spend of nearly 1.48 billion South African rand in 2017-18. Clientele Life, followed by Unilever South Africa, Outsurance Insurance and Coca Cola South Africa follow suit respectively. The Omnicom media group is the leading advertising agency, having garnered 582 million U.S. dollars in 2017, followed by the Media shop and Mindshare. Advertising industry likely to experience recession in the short term Industry experts predict that a recession in the advertising sector is highly probable as enterprises all over the world are reducing their ad spend and postponing ad campaigns, owing to Covid-19. According to data from the World Federation of Advertisers, nearly 81 percent of large advertisers are deferring planned ad campaigns, including Coca Cola, Unilever, Visa and Airbnb.
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The South Africa Data Center Power Market Report is Segmented by Power Infrastructure (Electrical Solution (UPS Systems, Generators, and Power Distribution Solutions (PDU, Switchgear, Critical Power Distribution, Transfer Switches, Remote Power Panels, and Others)), and Service), and End User (IT and Telecommunication, BFSI, Government, Media and Entertainment, and Other End Users). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.
In 2023, the South African construction sector contributed with an added value of approximately 109.5 billion rand (roughly 5.79 billion U.S. dollars) to the country's gross domestic product (GDP). This represents a increase of in comparison to the previous year, when the sector's added value to the country's GDP added up to approximately 108.9 billion rand.
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For the fourth consecutive year, the South African laundry machine market recorded decline in sales value, which decreased by -36% to $7.5M in 2024. Overall, consumption recorded a pronounced descent. As a result, consumption attained the peak level of $26M. From 2017 to 2024, the growth of the market failed to regain momentum.
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Contains data from the World Bank's data portal. There is also a consolidated country dataset on HDX.
An economy's financial markets are critical to its overall development. Banking systems and stock markets enhance growth, the main factor in poverty reduction. Strong financial systems provide reliable and accessible information that lowers transaction costs, which in turn bolsters resource allocation and economic growth. Indicators here include the size and liquidity of stock markets; the accessibility, stability, and efficiency of financial systems; and international migration and workers\ remittances, which affect growth and social welfare in both sending and receiving countries.
As of the second quarter of 2024, nearly 3.83 million people in South Africa worked within the community and social services industry. The sector concentrated the highest number of employees, followed by the trade industry, which employed about 3.36 million people. A struggling labor market The South African labor market faces severe challenges and obstacles. In 2023, the country had the highest unemployment rate in Africa, with almost 30 percent of the labor force being jobless. In addition, only 40 percent of the population was employed in 2021. Indeed, South Africans were the most concerned globally about finding jobs and being unemployed. According to a survey, 64 percent of South African respondents reported being worried about unemployment as of September 2023. A highly unequal country South Africa is the most income-unequal country in the world, as it registered a Gini score of 63 in 2021. The major reasons for this inequality originate from the country’s infamous Apartheid regime and the failure of the job market to provide enough opportunities for its people. For example, the unemployment rate among Black South Africans was close to 37 percent, compared to eight percent for white South Africans. Furthermore, unemployment in the country was more widespread among individuals with a lower level of education. Specifically, in 2023, over 50 percent of the jobless South Africans had an education level lower than matric (grade 12).