Government Revenues in South Africa increased to 136332 ZAR Million in November from 112452 ZAR Million in October of 2024. This dataset provides - South Africa Government Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about South Africa Tax revenue: % of GDP

• South Africa Tax revenue: % of GDP was reported at 21.6 % in Sep 2024.
• This records a decrease from the previous number of 21.9 % for Jun 2024.
• South Africa Tax revenue: % of GDP data is updated quarterly, averaging 20.8 % from Mar 1990 to Sep 2024, with 139 observations.
• The data reached an all-time high of 27.8 % in Mar 1990 and a record low of 16.4 % in Jun 1993.
• South Africa Tax revenue: % of GDP data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Tax Revenue: % of Nominal GDP: Quarterly.

South Africa ZA: Social Contributions: % of Revenue data was reported at 1.980 % in 2017. This records an increase from the previous number of 1.883 % for 2016. South Africa ZA: Social Contributions: % of Revenue data is updated yearly, averaging 1.883 % from Mar 1973 (Median) to 2017, with 45 observations. The data reached an all-time high of 2.370 % in 2004 and a record low of 1.111 % in 1981. South Africa ZA: Social Contributions: % of Revenue 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: Government Revenue, Expenditure and Finance. Social contributions include social security contributions by employees, employers, and self-employed individuals, and other contributions whose source cannot be determined. They also include actual or imputed contributions to social insurance schemes operated by governments.; ; International Monetary Fund, Government Finance Statistics Yearbook and data files.; Median;

As of 2019, approximately 10.68 million out of South Africa's 17.16 million households drew their income from regular salaries, wages or commissions. 7.9 million households received social grants paid by the government for citizens in need of state support.

South Africa ZA: Net Incurrence of Liabilities: Total: % of GDP data was reported at 5.848 % in 2017. This records an increase from the previous number of 5.090 % for 2016. South Africa ZA: Net Incurrence of Liabilities: Total: % of GDP data is updated yearly, averaging 4.545 % from Mar 1973 (Median) to 2017, with 45 observations. The data reached an all-time high of 8.798 % in 1994 and a record low of 0.520 % in 2008. South Africa ZA: Net Incurrence of Liabilities: Total: % of GDP 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: Government Revenue, Expenditure and Finance. Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets.; ; International Monetary Fund, Government Finance Statistics Yearbook and data files.; Weighted Average;

Interest payments (% of revenue) in South Africa was reported at 15.62 % in 2022, according to the World Bank collection of development indicators, compiled from officially recognized sources. South Africa - Interest payments (% of revenue) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

South Africa ZA: Net Lending (+) / Net Borrowing (-): % of GDP data was reported at -3.875 % in 2017. This records an increase from the previous number of -4.771 % for 2016. South Africa ZA: Net Lending (+) / Net Borrowing (-): % of GDP data is updated yearly, averaging -2.940 % from Mar 1973 (Median) to 2017, with 45 observations. The data reached an all-time high of 1.377 % in 1981 and a record low of -8.854 % in 1994. South Africa ZA: Net Lending (+) / Net Borrowing (-): % of GDP 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: Government Revenue, Expenditure and Finance. Net lending (+) / net borrowing (–) equals government revenue minus expense, minus net investment in nonfinancial assets. It is also equal to the net result of transactions in financial assets and liabilities. Net lending/net borrowing is a summary measure indicating the extent to which government is either putting financial resources at the disposal of other sectors in the economy or abroad, or utilizing the financial resources generated by other sectors in the economy or from abroad.; ; International Monetary Fund, Government Finance Statistics Yearbook and data files.; Weighted Average;

Goal 17Strengthen the means of implementation and revitalize the Global Partnership for Sustainable DevelopmentTarget 17.1: Strengthen domestic resource mobilization, including through international support to developing countries, to improve domestic capacity for tax and other revenue collectionIndicator 17.1.1: Total government revenue as a proportion of GDP, by sourceGR_G14_GDP: Total government revenue (budgetary central government) as a proportion of GDP (%)GR_G14_XDC: Total government revenue, in local currencyIndicator 17.1.2: Proportion of domestic budget funded by domestic taxesGC_GOB_TAXD: Proportion of domestic budget funded by domestic taxes (% of GDP)Target 17.2: Developed countries to implement fully their official development assistance commitments, including the commitment by many developed countries to achieve the target of 0.7 per cent of gross national income for official development assistance (ODA/GNI) to developing countries and 0.15 to 0.20 per cent of ODA/GNI to least developed countries; ODA providers are encouraged to consider setting a target to provide at least 0.20 per cent of ODA/GNI to least developed countriesIndicator 17.2.1: Net official development assistance, total and to least developed countries, as a proportion of the Organization for Economic Cooperation and Development (OECD) Development Assistance Committee donors’ gross national income (GNI)DC_ODA_SIDSG: Net official development assistance (ODA) to small island states (SIDS) as a percentage of OECD-DAC donors' GNI, by donor countries (%)DC_ODA_LDCG: Net official development assistance (ODA) to LDCs as a percentage of OECD-DAC donors' GNI, by donor countries (%)DC_ODA_LLDC: Net official development assistance (ODA) to landlocked developing countries from OECD-DAC countries, by donor countries (millions of constant 2018 United States dollars)DC_ODA_SIDS: Net official development assistance (ODA) to small island states (SIDS) from OECD-DAC countries, by donor countries (millions of constant 2018 United States dollars)DC_ODA_LDCS: Net official development assistance (ODA) to LDCs from OECD-DAC countries, by donor countries (millions of constant 2018 United States dollars)DC_ODA_LLDCG: Net official development assistance (ODA) to landlocked developing countries as a percentage of OECD-DAC donors' GNI, by donor countries (%)DC_ODA_TOTG: Net official development assistance (ODA) as a percentage of OECD-DAC donors' GNI, by donor countries (%)DC_ODA_TOTL: Net official development assistance (ODA) from OECD-DAC countries, by donor countries (millions of constant 2018 United States dollars)DC_ODA_TOTLGE: Official development assistance (ODA) from OECD-DAC countries on grant equivalent basis, by donor countries (millions of constant 2018 United States dollars)DC_ODA_TOTGGE: Official development assistance (ODA) as a percentage of OECD-DAC donors' GNI on grant equivalent basis, by donor countries (%)Target 17.3: Mobilize additional financial resources for developing countries from multiple sourcesIndicator 17.3.1: Foreign direct investment, official development assistance and South-South cooperation as a proportion of gross national incomeGF_FRN_FDI: Foreign direct investment (FDI) inflows (millions of US dollars)Indicator 17.3.2: Volume of remittances (in United States dollars) as a proportion of total GDPBX_TRF_PWKR: Volume of remittances (in United States dollars) as a proportion of total GDP (%)Target 17.4: Assist developing countries in attaining long-term debt sustainability through coordinated policies aimed at fostering debt financing, debt relief and debt restructuring, as appropriate, and address the external debt of highly indebted poor countries to reduce debt distressIndicator 17.4.1: Debt service as a proportion of exports of goods and servicesDT_TDS_DECT: Debt service as a proportion of exports of goods and services (%)Target 17.5: Adopt and implement investment promotion regimes for least developed countriesIndicator 17.5.1: Number of countries that adopt and implement investment promotion regimes for developing countries, including the least developed countriesSG_CPA_SIGN_BIT: Number of countries with a signed bilateral investment treaty (BIT) (Number)SG_CPA_INFORCE_BIT: Number of countries with an inforce bilateral investment treaty (BIT) (Number)Target 17.6: Enhance North-South, South-South and triangular regional and international cooperation on and access to science, technology and innovation and enhance knowledge-sharing on mutually agreed terms, including through improved coordination among existing mechanisms, in particular at the United Nations level, and through a global technology facilitation mechanismIndicator 17.6.1: Fixed Internet broadband subscriptions per 100 inhabitants, by speed5IT_NET_BBNDN: Number of fixed Internet broadband subscriptions, by speed (number)IT_NET_BBND: Fixed Internet broadband subscriptions per 100 inhabitants, by speed (per 100 inhabitants)Target 17.7: Promote the development, transfer, dissemination and diffusion of environmentally sound technologies to developing countries on favourable terms, including on concessional and preferential terms, as mutually agreedIndicator 17.7.1: Total amount of funding for developing countries to promote the development, transfer, dissemination and diffusion of environmentally sound technologiesTarget 17.8: Fully operationalize the technology bank and science, technology and innovation capacity-building mechanism for least developed countries by 2017 and enhance the use of enabling technology, in particular information and communications technologyIndicator 17.8.1: Proportion of individuals using the InternetIT_USE_ii99: Internet users per 100 inhabitantsTarget 17.9: Enhance international support for implementing effective and targeted capacity-building in developing countries to support national plans to implement all the Sustainable Development Goals, including through North-South, South-South and triangular cooperationIndicator 17.9.1: Dollar value of financial and technical assistance (including through North-South, South-South and triangular cooperation) committed to developing countriesDC_FTA_TOTAL: Total official development assistance (gross disbursement) for technical cooperation (millions of 2018 United States dollars)Target 17.10: Promote a universal, rules-based, open, non-discriminatory and equitable multilateral trading system under the World Trade Organization, including through the conclusion of negotiations under its Doha Development AgendaIndicator 17.10.1: Worldwide weighted tariff-averageTM_TAX_WMFN: Worldwide weighted tariff-average, most-favoured-nation status, by type of product (%)TM_TAX_WMPS: Worldwide weighted tariff-average, preferential status, by type of product (%)Target 17.11: Significantly increase the exports of developing countries, in particular with a view to doubling the least developed countries’ share of global exports by 2020Indicator 17.11.1: Developing countries’ and least developed countries’ share of global exportsTX_IMP_GBMRCH: Developing countries’ and least developed countries’ share of global merchandise imports (%)TX_EXP_GBMRCH: Developing countries’ and least developed countries’ share of global merchandise exports (%)TX_EXP_GBSVR: Developing countries’ and least developed countries’ share of global services exports (%)TX_IMP_GBSVR: Developing countries’ and least developed countries’ share of global services imports (%)Target 17.12: Realize timely implementation of duty-free and quota-free market access on a lasting basis for all least developed countries, consistent with World Trade Organization decisions, including by ensuring that preferential rules of origin applicable to imports from least developed countries are transparent and simple, and contribute to facilitating market accessIndicator 17.12.1: Weighted average tariffs faced by developing countries, least developed countries and small island developing StatesTM_TAX_DMFN: Average tariff applied by developed countries, most-favored nation status, by type of product (%)TM_TAX_DPRF: Average tariff applied by developed countries, preferential status, by type of product (%)Target 17.13: Enhance global macroeconomic stability, including through policy coordination and policy coherenceIndicator 17.13.1: Macroeconomic DashboardTarget 17.14: Enhance policy coherence for sustainable developmentIndicator 17.14.1: Number of countries with mechanisms in place to enhance policy coherence of sustainable developmentSG_CPA_SDEVP: Mechanisms in place to enhance policy coherence for sustainable development (%)Target 17.15: Respect each country’s policy space and leadership to establish and implement policies for poverty eradication and sustainable developmentIndicator 17.15.1: Extent of use of country-owned results frameworks and planning tools by providers of development cooperationSG_PLN_PRVRIMON: Proportion of results indicators which will be monitored using government sources and monitoring systems - data by provider (%)SG_PLN_RECRIMON: Proportion of results indicators which will be monitored using government sources and monitoring systems - data by recipient (%)SG_PLN_PRVNDI: Proportion of project objectives of new development interventions drawn from country-led result frameworks - data by provider (%)SG_PLN_RECNDI: Proportion of project objectives in new development interventions drawn from country-led result frameworks - data by recipient (%)SG_PLN_PRVRICTRY: Proportion of results indicators drawn from country-led results frameworks - data by provider (%)SG_PLN_RECRICTRY: Proportion of results indicators drawn from country-led results frameworks - data by recipient (%)SG_PLN_REPOLRES: Extent of use of country-owned results frameworks and planning tools by providers of development cooperation - data by recipient (%) SG_PLN_PRPOLRES: Extent of use of country-owned results frameworks and planning tools by providers of

South Africa ZA: Net Incurrence of Liabilities: Total data was reported at 254,409.681 ZAR mn in 2017. This records an increase from the previous number of 206,208.864 ZAR mn for 2016. South Africa ZA: Net Incurrence of Liabilities: Total data is updated yearly, averaging 15,368.000 ZAR mn from Mar 1973 (Median) to 2017, with 45 observations. The data reached an all-time high of 254,409.681 ZAR mn in 2017 and a record low of 732.000 ZAR mn in 1974. South Africa ZA: Net Incurrence of Liabilities: Total 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: Government Revenue, Expenditure and Finance. Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets.; ; International Monetary Fund, Government Finance Statistics Yearbook and data files.; ;

Goal 17Strengthen the means of implementation and revitalize the Global Partnership for Sustainable DevelopmentTarget 17.1: Strengthen domestic resource mobilization, including through international support to developing countries, to improve domestic capacity for tax and other revenue collectionIndicator 17.1.1: Total government revenue as a proportion of GDP, by sourceGR_G14_GDP: Total government revenue (budgetary central government) as a proportion of GDP (%)GR_G14_XDC: Total government revenue, in local currencyIndicator 17.1.2: Proportion of domestic budget funded by domestic taxesGC_GOB_TAXD: Proportion of domestic budget funded by domestic taxes (% of GDP)Target 17.2: Developed countries to implement fully their official development assistance commitments, including the commitment by many developed countries to achieve the target of 0.7 per cent of gross national income for official development assistance (ODA/GNI) to developing countries and 0.15 to 0.20 per cent of ODA/GNI to least developed countries; ODA providers are encouraged to consider setting a target to provide at least 0.20 per cent of ODA/GNI to least developed countriesIndicator 17.2.1: Net official development assistance, total and to least developed countries, as a proportion of the Organization for Economic Cooperation and Development (OECD) Development Assistance Committee donors’ gross national income (GNI)DC_ODA_SIDSG: Net official development assistance (ODA) to small island states (SIDS) as a percentage of OECD-DAC donors' GNI, by donor countries (%)DC_ODA_LDCG: Net official development assistance (ODA) to LDCs as a percentage of OECD-DAC donors' GNI, by donor countries (%)DC_ODA_LLDC: Net official development assistance (ODA) to landlocked developing countries from OECD-DAC countries, by donor countries (millions of constant 2018 United States dollars)DC_ODA_SIDS: Net official development assistance (ODA) to small island states (SIDS) from OECD-DAC countries, by donor countries (millions of constant 2018 United States dollars)DC_ODA_LDCS: Net official development assistance (ODA) to LDCs from OECD-DAC countries, by donor countries (millions of constant 2018 United States dollars)DC_ODA_LLDCG: Net official development assistance (ODA) to landlocked developing countries as a percentage of OECD-DAC donors' GNI, by donor countries (%)DC_ODA_TOTG: Net official development assistance (ODA) as a percentage of OECD-DAC donors' GNI, by donor countries (%)DC_ODA_TOTL: Net official development assistance (ODA) from OECD-DAC countries, by donor countries (millions of constant 2018 United States dollars)DC_ODA_TOTLGE: Official development assistance (ODA) from OECD-DAC countries on grant equivalent basis, by donor countries (millions of constant 2018 United States dollars)DC_ODA_TOTGGE: Official development assistance (ODA) as a percentage of OECD-DAC donors' GNI on grant equivalent basis, by donor countries (%)Target 17.3: Mobilize additional financial resources for developing countries from multiple sourcesIndicator 17.3.1: Foreign direct investment, official development assistance and South-South cooperation as a proportion of gross national incomeGF_FRN_FDI: Foreign direct investment (FDI) inflows (millions of US dollars)Indicator 17.3.2: Volume of remittances (in United States dollars) as a proportion of total GDPBX_TRF_PWKR: Volume of remittances (in United States dollars) as a proportion of total GDP (%)Target 17.4: Assist developing countries in attaining long-term debt sustainability through coordinated policies aimed at fostering debt financing, debt relief and debt restructuring, as appropriate, and address the external debt of highly indebted poor countries to reduce debt distressIndicator 17.4.1: Debt service as a proportion of exports of goods and servicesDT_TDS_DECT: Debt service as a proportion of exports of goods and services (%)Target 17.5: Adopt and implement investment promotion regimes for least developed countriesIndicator 17.5.1: Number of countries that adopt and implement investment promotion regimes for developing countries, including the least developed countriesSG_CPA_SIGN_BIT: Number of countries with a signed bilateral investment treaty (BIT) (Number)SG_CPA_INFORCE_BIT: Number of countries with an inforce bilateral investment treaty (BIT) (Number)Target 17.6: Enhance North-South, South-South and triangular regional and international cooperation on and access to science, technology and innovation and enhance knowledge-sharing on mutually agreed terms, including through improved coordination among existing mechanisms, in particular at the United Nations level, and through a global technology facilitation mechanismIndicator 17.6.1: Fixed Internet broadband subscriptions per 100 inhabitants, by speed5IT_NET_BBNDN: Number of fixed Internet broadband subscriptions, by speed (number)IT_NET_BBND: Fixed Internet broadband subscriptions per 100 inhabitants, by speed (per 100 inhabitants)Target 17.7: Promote the development, transfer, dissemination and diffusion of environmentally sound technologies to developing countries on favourable terms, including on concessional and preferential terms, as mutually agreedIndicator 17.7.1: Total amount of funding for developing countries to promote the development, transfer, dissemination and diffusion of environmentally sound technologiesTarget 17.8: Fully operationalize the technology bank and science, technology and innovation capacity-building mechanism for least developed countries by 2017 and enhance the use of enabling technology, in particular information and communications technologyIndicator 17.8.1: Proportion of individuals using the InternetIT_USE_ii99: Internet users per 100 inhabitantsTarget 17.9: Enhance international support for implementing effective and targeted capacity-building in developing countries to support national plans to implement all the Sustainable Development Goals, including through North-South, South-South and triangular cooperationIndicator 17.9.1: Dollar value of financial and technical assistance (including through North-South, South-South and triangular cooperation) committed to developing countriesDC_FTA_TOTAL: Total official development assistance (gross disbursement) for technical cooperation (millions of 2018 United States dollars)Target 17.10: Promote a universal, rules-based, open, non-discriminatory and equitable multilateral trading system under the World Trade Organization, including through the conclusion of negotiations under its Doha Development AgendaIndicator 17.10.1: Worldwide weighted tariff-averageTM_TAX_WMFN: Worldwide weighted tariff-average, most-favoured-nation status, by type of product (%)TM_TAX_WMPS: Worldwide weighted tariff-average, preferential status, by type of product (%)Target 17.11: Significantly increase the exports of developing countries, in particular with a view to doubling the least developed countries’ share of global exports by 2020Indicator 17.11.1: Developing countries’ and least developed countries’ share of global exportsTX_IMP_GBMRCH: Developing countries’ and least developed countries’ share of global merchandise imports (%)TX_EXP_GBMRCH: Developing countries’ and least developed countries’ share of global merchandise exports (%)TX_EXP_GBSVR: Developing countries’ and least developed countries’ share of global services exports (%)TX_IMP_GBSVR: Developing countries’ and least developed countries’ share of global services imports (%)Target 17.12: Realize timely implementation of duty-free and quota-free market access on a lasting basis for all least developed countries, consistent with World Trade Organization decisions, including by ensuring that preferential rules of origin applicable to imports from least developed countries are transparent and simple, and contribute to facilitating market accessIndicator 17.12.1: Weighted average tariffs faced by developing countries, least developed countries and small island developing StatesTM_TAX_DMFN: Average tariff applied by developed countries, most-favored nation status, by type of product (%)TM_TAX_DPRF: Average tariff applied by developed countries, preferential status, by type of product (%)Target 17.13: Enhance global macroeconomic stability, including through policy coordination and policy coherenceIndicator 17.13.1: Macroeconomic DashboardTarget 17.14: Enhance policy coherence for sustainable developmentIndicator 17.14.1: Number of countries with mechanisms in place to enhance policy coherence of sustainable developmentSG_CPA_SDEVP: Mechanisms in place to enhance policy coherence for sustainable development (%)Target 17.15: Respect each country’s policy space and leadership to establish and implement policies for poverty eradication and sustainable developmentIndicator 17.15.1: Extent of use of country-owned results frameworks and planning tools by providers of development cooperationSG_PLN_PRVRIMON: Proportion of results indicators which will be monitored using government sources and monitoring systems - data by provider (%)SG_PLN_RECRIMON: Proportion of results indicators which will be monitored using government sources and monitoring systems - data by recipient (%)SG_PLN_PRVNDI: Proportion of project objectives of new development interventions drawn from country-led result frameworks - data by provider (%)SG_PLN_RECNDI: Proportion of project objectives in new development interventions drawn from country-led result frameworks - data by recipient (%)SG_PLN_PRVRICTRY: Proportion of results indicators drawn from country-led results frameworks - data by provider (%)SG_PLN_RECRICTRY: Proportion of results indicators drawn from country-led results frameworks - data by recipient (%)SG_PLN_REPOLRES: Extent of use of country-owned results frameworks and planning tools by providers of development cooperation - data by recipient (%) SG_PLN_PRPOLRES: Extent of use of country-owned results frameworks and planning tools by providers of

South Africa ZA: Social Contributions data was reported at 26,691.155 ZAR mn in 2017. This records an increase from the previous number of 24,268.178 ZAR mn for 2016. South Africa ZA: Social Contributions data is updated yearly, averaging 2,034.000 ZAR mn from Mar 1973 (Median) to 2017, with 45 observations. The data reached an all-time high of 26,691.155 ZAR mn in 2017 and a record low of 39.000 ZAR mn in 1973. South Africa ZA: Social Contributions 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: Government Revenue, Expenditure and Finance. Social contributions include social security contributions by employees, employers, and self-employed individuals, and other contributions whose source cannot be determined. They also include actual or imputed contributions to social insurance schemes operated by governments.; ; International Monetary Fund, Government Finance Statistics Yearbook and data files.; ;

South Africa ZA: Net Lending (+) / Net Borrowing (-) data was reported at -168,561.184 ZAR mn in 2017. This records an increase from the previous number of -193,309.196 ZAR mn for 2016. South Africa ZA: Net Lending (+) / Net Borrowing (-) data is updated yearly, averaging -10,281.000 ZAR mn from Mar 1973 (Median) to 2017, with 45 observations. The data reached an all-time high of 21,699.000 ZAR mn in 2008 and a record low of -199,465.339 ZAR mn in 2014. South Africa ZA: Net Lending (+) / Net Borrowing (-) 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: Government Revenue, Expenditure and Finance. Net lending (+) / net borrowing (–) equals government revenue minus expense, minus net investment in nonfinancial assets. It is also equal to the net result of transactions in financial assets and liabilities. Net lending/net borrowing is a summary measure indicating the extent to which government is either putting financial resources at the disposal of other sectors in the economy or abroad, or utilizing the financial resources generated by other sectors in the economy or from abroad.; ; International Monetary Fund, Government Finance Statistics Yearbook and data files.; ;

South Africa’s previously flourishing clothing industry suffered a serious downturn during the late 1990s with many local companies having to shut operations. Difficult manufacturing conditions, lack of government support and the huge influx of clothing made in China, India and Bangladesh were the main reasons for this. In fact China is still the largest exporter of textile globally, with India at third place. However, the industry has begun to show signs of recovery especially from a retail perspective with revenues generated from the sales of textiles, clothing, footwear and leather goods in South Africa, expected to increase from 11.5 billion in 2016 to over 17.5 billion in 2023. An incentive program initiated by the country’s Department of Trade and Industry in 2009, to make the domestic textile and clothing industry more competitive, has played a key role in this retail and wholesale recovery. Local manufacturing is gathering steam across many sectors including clothing as the government promotes Made in South Africa labels. Retailers have also started supporting domestic sourcing, which in turn allows them to respond more positively and quickly to dynamic market trends and diminishes their exposure to currency fluctuations. E-commerce is experiencing robust growth in the country, mainly due to lower prices and overall convenience. As a result online fashion sales are expected to emerge as the second largest e-Commerce category in the country by 2023, just behind electronics and media.

South Africa Business Process Outsourcing Market Outlook

As per our latest research, the global Business Process Outsourcing (BPO) market size in 2024 stands at USD 280 billion, with South Africa contributing approximately USD 4.2 billion to this figure. The overall global market is projected to reach USD 480 billion by 2033, growing at a robust CAGR of 6.2% during the forecast period. The South African BPO market, in particular, is experiencing accelerated growth, driven by its expanding skilled workforce, favorable time zones, and government incentives, positioning the country as a preferred outsourcing destination for international clients, especially from Europe and North America.

A significant growth factor propelling the South Africa BPO market is the country’s abundant pool of English-speaking, highly educated young professionals. The South African government has actively invested in education and vocational training, ensuring that the workforce can meet the demands of global clients in customer service, IT services, and finance & accounting. Additionally, the country’s cultural affinity with Western markets, especially the UK and the US, has made it an attractive destination for outsourcing customer service and technical support functions. This alignment not only reduces language and cultural barriers but also improves the quality of service delivery, leading to higher client satisfaction and repeat business.

Another key driver is the supportive business environment fostered by the South African government. Incentive programs, such as the Global Business Services (GBS) incentive, have significantly lowered the operational costs for international BPO companies setting up in South Africa. These incentives, coupled with the country’s modern telecommunications infrastructure and reliable connectivity, have made it easier for BPO firms to establish and scale their operations. The government’s focus on digital transformation and innovation has also encouraged the adoption of advanced technologies, such as cloud computing and robotic process automation, further enhancing the competitiveness of the South African BPO sector on the global stage.

The increasing demand for cost-effective business solutions among global enterprises has also contributed to the growth of the South African BPO market. As companies worldwide strive to optimize their operations and focus on core competencies, outsourcing non-core functions like human resources, procurement, and finance has become a strategic imperative. South Africa’s ability to deliver high-quality services at competitive rates, without compromising on standards, has attracted a diverse range of clients from industries such as BFSI, healthcare, retail, and manufacturing. The country’s strategic geographic location, offering overlapping working hours with both European and American markets, further enhances its appeal as an outsourcing hub.

Regionally, Gauteng and Western Cape have emerged as the leading provinces in the South African BPO landscape, accounting for the majority of BPO centers and employment. Gauteng, which includes Johannesburg and Pretoria, serves as the economic heart of the country, while Cape Town in the Western Cape is renowned for its vibrant BPO sector and international client base. KwaZulu-Natal and the Eastern Cape are also witnessing increased investment in BPO infrastructure, supported by local government initiatives aimed at job creation and economic diversification. These regional hubs are not only driving national growth but also positioning South Africa as a key player in the global BPO market.

Service Type Analysis

The South Africa BPO market is segmented by service type into customer services, finance & accounting, human resources, IT services, procurement & supply chain, and others. Customer services continue to dominate the market, accounting for nearly 40% of the total BPO revenue in 2024. South Africa’s reputation for deli

According to Cognitive Market Research, the Power Generation Market Size will be USD XX Million in 2024 and is set to achieve a market size of USD XX Million by the end of 2033 growing at a CAGR of XX% from 2025 to 2033.

North America expected to generate revenue of XX%.

Europe expected to generate revenue of XX%

Asia pacific is projected to reach XX BY 2030 .

Latin America expected to generate revenue of XX%

Middle East africa expected to generate a revenue of XX%

South America expected to generate a revenue of XX%

Market Dynamics

Key Driver

Rapid urbanization and industrialization is creating the global demand of power generation market 

With growing urbanization and industrialization, the power requirement is increasing day by day depending upon usage pattern, End Requirement for instance Urban areas in India experience a significantly higher per capita electricity consumption compared to rural areas. This is due to factors like higher urbanization rates, more industrial activity, and a greater reliance on air conditioning and other power-intensive appliances. For instance, Per capita electricity consumption in India has surged to 1,395 kWh in 2023-24, marking a 45.8% increase (438 kWh) from 957 kWh in 2013-14.

Similarly with industrialization caused huge power consumption The manufacturing industry, particularly sectors like chemicals, metals, and paper, are the largest consumers of energy in India. According to British thermal unit chemical industry, Petroleum industry, Paper industry, Metal industry uses 16.9 quadrillion of power

Recent data shows that Global electricity consumption it grew faster than its historical trend (+2.2% in 2023), spurred by the BRICS (+5.1%), which accounted for 42% of the global energy consumption in 2023: energy consumption surged in China (+6.6%, twice its 2010-2019 average), India (+5.1%, slightly faster than the historical average), accelerated in Brazil (+3.3%, vs. +0.9% per year over 2010-2019), but it stagnated in Russia (+0.3%) and declined again in South Africa over supply issues (-1.2%). It also increased in the Middle East (+3.7%, with strong growth in Iran and the UAE), as well as in Algeria, Vietnam, and Indonesia.

Source - https://www.pib.gov.in/PressReleasePage.aspx?PRID=2089243

https://beeindia.gov.in/sites/default/files/BEE_India_Energy_Scenario_Report-2024_web_version-rev2.pdf

https://consumerenergysolutions.com/what-industries-consume-most-electricity/

https://yearbook.enerdata.net/total-energy/world-consumption-statistics.html

Sustainable Practices creating market opportunities for Power Generation 

Sustainable practices increase the demand for power generation by driving demand for renewable energy sources and creating new avenues for energy production. It involves extracting maximum renewable energy utilization. At the UNFCCC's COP28, 130 countries pledged to triple the world's renewable energy capacity and double the annual rate of energy efficiency improvements by 2030.The revised EU Renewable Energy Directive of 2023 sets a new target of 42.5% of renewable energy by 2030 and aims for 45%. Member States have since submitted their renewable energy targets for sub-sectors including transport, buildings and industry. Similarly in India policies like the Jawaharlal Nehru National Solar Mission (JNNSM). This was started in 2010 and the goal of this program is to transform India into a solar power hub by establishing a sound environment for the generation of solar energy. The mission was set at 20 GW of solar capacity by 2022, but due to the fast-growing solar industry, the mission has been adjusted to 100 GW. Also Big investors are coming and investing in this renewable energy market like recently Adani has signed an agreement for 400 MW of solar power in UP In India certain initiatives government have created in order to lead the country towards less carbon emissions and more towards green energy initiatives. Certain schemes devised by Government are as following PM Surya Ghar, Muft Bijli Yojana, National Green Hydrogen, Mission According to PM Surya Ghar yojana average monthly consumption of 150 units subsidy support of 30,000 to 60,000 provided by government Similarly for 150-300 units consumption subsidy amount is increased to 60,000 to 78,000. So, because of this it is driving the consumer behavior from nonr...

According to Cognitive Market Research, the global LV MV Switchgear Industry market size will be USD 59620 million in 2025. It will expand at a compound annual growth rate (CAGR) of 5.70% from 2025 to 2033.

North America held the major market share for more than 40% of the global revenue with a market size of USD 22059.40 million in 2025 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2025 to 2033.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 17289.80 million.
APAC held a market share of around 23% of the global revenue with a market size of USD 14308.80 million in 2025 and will grow at a compound annual growth rate (CAGR) of 8.4% from 2025 to 2033.
South America has a market share of more than 5% of the global revenue with a market size of USD 2265.56 million in 2025 and will grow at a compound annual growth rate (CAGR) of 6.4% from 2025 to 2033.
The Middle East had a market share of around 2% of the global revenue and was estimated at a market size of USD 2384.80 million in 2025. and will grow at a compound annual growth rate (CAGR) of 7.0% from 2025 to 2033.
Africa had a market share of around 1% of the global revenue and was estimated at a market size of USD 1311.64 million in 2025. and will grow at a compound annual growth rate (CAGR) of 6.0% from 2025 to 2033.
Circuit Breaker category is the fastest growing segment of the LV MV Switchgear Industry industry

Market Dynamics of LV MV Switchgear Industry Market

Key Drivers for LV MV Switchgear Industry Market

Expansion of Renewable Energy Projects to Boost Market Growth

The growing shift towards renewable energy sources is a significant driver for the LV MV Switchgear Market. Governments and private investors in regions like Africa, Asia-Pacific, and Latin America are increasingly focusing on solar, wind, and hydroelectric power projects to meet rising energy demands and reduce dependency on fossil fuels. Switchgear systems play a critical role in managing and distributing electricity efficiently from these renewable sources, ensuring grid stability and preventing power disruptions. Africa, in particular, is witnessing large-scale solar and wind farm installations supported by government initiatives, international funding, and private-sector participation. Countries such as South Africa, Egypt, and Kenya are investing heavily in energy infrastructure, driving the demand for modern switchgear solutions that support renewable integration.

Increasing Urbanization and Industrial Growth to Boost Market Growth

Rapid urbanization and expanding industrial sectors are fueling the demand for LV MV switchgear in developing economies. As cities grow and industries expand, the need for efficient power distribution, grid reliability, and safety in electrical systems becomes more crucial. Governments across regions like Africa, the Middle East, and South Asia are investing in large-scale infrastructure projects, including smart cities, residential complexes, commercial spaces, and manufacturing hubs, all of which require advanced switchgear solutions. In Africa, nations such as Nigeria, Ethiopia, and Ghana are experiencing high population growth and economic development, leading to increased electricity demand. To support this growth, utilities and industries are upgrading outdated electrical infrastructure with modern, automated LV MV switchgear that improves energy efficiency and minimizes outages.

Restraint Factor for the LV MV Switchgear Industry Market

High Initial Investment and Maintenance Costs Will Limit Market Growth

Switchgear systems require substantial capital for procurement, installation, and integration into existing power networks. The cost burden is particularly challenging for developing economies and small-scale industries, where financial constraints limit infrastructure expansion. Additionally, switchgear requires regular maintenance, testing, and replacement of components to ensure operational safety and efficiency. These expenses can be significant, especially for advanced gas-insulated or smart switchgear systems. Furthermore, budget limitations in government electrification programs and utility companies can slow the adoption of high-quality switchgear solutions. Many African countries rely on subsidies and foreign investments to upgrade their power grids, but financial instability and economic downturns can delay projects.

Mar...

According to Cognitive Market Research, the Global N-butanol Market Size will be USD XX Billion in 2025 and is set to achieve a market size of USD XX Billion by the end of 2033 growing at a CAGR of XX% from 2025 to 2033.

North America held largest share of XX % in the year 2024 Europe held share of XX % in the year 2024 Asia-Pacific held significant share of XX % in the year 2024 South America held significant share of XX % in the year 2024 Middle East and Africa held significant share of XX % in the year 2024 Market Dynamics

Key Drivers of N- butanol

Increasing use of N-Butanol as a solvent is a major growth driver for the market 

Increasing use of N-Butanol as a solvent is a major growth driver for the market, especially in developing countries such as India. N-Butanol is a four-carbon alcohol that has widespread usage as a solvent in paints, coatings, adhesives, and other chemical processes owing to its good solvency characteristics and moderate volatility. In India, the N-Butanol market has been witnessing significant growth, driven by the rising demand from end-user industries like paints and coatings, adhesives, textiles, and pharmaceuticals. The paints and coatings sector, specifically, plays an important role in the demand for N-Butanol. Emerging construction and automotive industries in India have created a larger demand for quality paints and coatings. N-Butanol improves the flow, levelling, and gloss of these products, and it is therefore crucial in their formulations. With urbanization speeding up and infrastructure projects increasing, the demand for paints and coatings—and therefore, N-Butanol is likely to increase. In addition, N-Butanol's use as a solvent in adhesives, textiles, and pharmaceuticals supports its market position. Within the adhesives sector, it provides optimum performance for uses in construction, automotive, packaging, and footwear. In the textile sector, it is utilized for dyeing, finishing, and printing, whereas in the pharmaceutical sector, it is applied as a solvent for active ingredients. These numerous applications reflect the versatility and importance of N-Butanol within various industrial applications. Government programs for the encouragement of infrastructure growth and industrial expansion further drive the demand for N-Butanol. Investment in urban construction and development schemes forms a strong market for paints and coatings, hence elevating the demand for N-Butanol. For instance, Government programs for the encouragement of infrastructure growth and industrial expansion further drive the demand for N-Butanol. (Source- https://commerce.gov.in/) Furthermore, initiatives for the use of renewable and sustainable energy sources are driving the use of bio-based butanol, thereby growing the market. Overall, increased demand for N-Butanol as a solvent is one of the major drivers of market growth, especially in developing countries such as India. Its vital applications across different industries, combined with favourable government regulations and industrialization, make N-Butanol a vital element in the expansion of the chemical industry. For instance-March 2021, A global manufacturing hub for chemicals and petrochemicals, the chemical industry is a critical and integral part of the growing. (Source- https://www.pwc.in/) Thus, N-butanol is growing mostly in India. Key restraints of N- butanol

High production costs have become a major hindrance to the expansion of the N-Butanol 

N-Butanol is a multifaceted chemical compound that finds applications across several industries, such as chemicals, plastics, and textiles. Nevertheless, the market is confronted with issues related to the cost of raw materials, energy, and adhering to quality and safety standards. The manufacture of N-Butanol takes inputs like propylene and butyric acid, whose prices can be volatile due to market forces globally. The fact that chemical processing is power-intensive and needs cutting-edge technologies to ensure quality and safety standards adds to the cost of production. These high prices tend to make prices for locally manufactured N-Butanol relatively more expensive and less competitive in relation to imports. This may slow down the industry's growth since local producers have limited ability to uphold market share and increase their capacities.

To facilitate the development of the N...

This Public Expenditure Review (PER) was prepared in response to a request from the Ministry of Finance (MoF) and is designed to inform Lesotho’s fiscal consolidation due to a narrowing of its fiscal space. Lesotho is facing a tough macro-fiscal outlook due to a sharp decline in Southern African Customs Union (SACU) revenues. This situation necessitates a significant adjustment in the current fiscal stance to ensure longer-term fiscal sustainability. However, the adjustment should be tailored to minimize any adverse growth and poverty impacts. Thus, this PER is intended to support the government’s efforts to adjust its policies to better address Lesotho’s current macro-fiscal circumstances. Lesotho is one of the poorest and most unequal countries in the world, despite a relatively good growth performance over the past 15 years. Lesotho’s per capita gross national income is about 1550 US dollars. Lesotho’s poverty rate is 59 percent (1.90 US dollars purchasing power parity [PPP] per day), its Gini coefficient is 0.541, and about 59 percent of the population now lives below the international poverty line of 1.90 dollar/day. Both poverty and extreme poverty disproportionately affect the rural population, and the bottom 40 percent of Lesotho’s population experienced a decline in consumption each year between 2002 and 2011. This compares to increases, albeit meager, for the remaining 60 percent of the population over the same period. Lesotho’s gross domestic product (GDP) grew at an annual average rate of 4 percent between 2000 and 2016, whereas its GDP per capita grew at an average rate of 2.8 percent during the same period. Despite the high level of government spending, Lesotho faces challenges in addressing inclusive growth and providing access to quality services for the poor, while also operating in a highly fragile environment. After political turmoil, the new government with a fragile coalition of 7 parties was established in June 2017. The government is facing a significant challenge to improving access to and the quality of public services. It is also seeking to invigorate the domestic private sector to diversify the growth sources of its economy. The level of unemployment is very high, with a low employment-to working-age population ratio, which limits prospects for social mobility and poverty reduction.

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).