About South Africa

South Africa has the most sophisticated free-market economy on the African continent. The country represents only 3% of the continent's surface area, yet it accounts for approximately 40% of all industrial output. About 75% of South Africa's economic activity occurs in the four main metropolitan areas (which together represent about 3% of the total land area) namely Johannesburg , the Durban in KwaZulu Natal , Cape Town , and the Port Elizabeth in the Eastern Cape . Gauteng is the financial and industrial powerhouse of South Africa and accounts approximately 40% of the country's Gross Domestic Product.

About South Africa

South Africa has the most sophisticated free-market economy on the African continent. The country represents only 3% of the continent's surface area, yet it accounts for approximately 40% of all industrial output. About 75% of South Africa's economic activity occurs in the four main metropolitan areas (which together represent about 3% of the total land area) namely Johannesburg , the Durban in KwaZulu Natal , Cape Town , and the Port Elizabeth in the Eastern Cape . Gauteng is the financial and industrial powerhouse of South Africa and accounts approximately 40% of the country's Gross Domestic Product.

South Africa 's industrial economy has an established infrastructure and economic base with great potential for further growth. South Africa is also a gateway for investment into Sub-Saharan Africa and since 1994, South Africa's trade with and investment in other African States has increased significantly.

About renting real estate in South Africa

Estate agents say with SA proving to be a buyer's paradise, property is being snatched up quickly by both overseas and local investors, who are raking in better than expected returns from rentals. Increasing bond rates resulting from four interest rate hikes last year have added to competitive rentals, especially in areas where demand is overwhelming.

In fact, despite a slightly depressed rental market due to a purchasing boom, the prices of rentals have soared. Leasing agents say the rental sector has dipped between 0.5% and 1.5% in market value over the past five years. The irony, though, is despite the tight conditions investors are still “making a killing” from renting out property.