123ArticleOnline Logo
Welcome to 123ArticleOnline.com!

ALL >> Business >> View Article

Lucintel Analysis: Service Sector To Be Major Contributor To South African Gdp

By Author: Roy Almaguer
Total Articles: 84

The South African economy is considered an upper middle income economy in Africa. The country is estimated to continue a growth path and reach $500.1 billion by 2018. South Africa has grown more rapidly compared to the other countries on the continent, mainly because of economic diversification. The service sector is the major contributor the country’s GDP. In this sector, financial, real estate, and business services are the key sectors, followed by wholesale and retail industry.
Lucintel, a leading global management consulting and market research firm, has conducted a competitive analysis on the risk factors of the country and presents its findings in “PESTLE Analysis of South Africa 2013.” The report analyzes the political, economic, social, technological, legal, and environment situations in South Africa.
The report describes that due to global economic crises and high growth in population, South Africa is facing a problem regarding a high unemployment rate. If the crisis continues to prevail, the unemployment level will rise, weakening domestic demand. A high fiscal deficit is another serious challenge for the South African government, as it exceeded the government’s target in 2012. Further increases in the fiscal deficit could hamper the economic growth and credit rating of the country.
The study reveals that a highly young population is the key driver of South Africa’s future growth. The dominance of a younger population leads to strong domestic demand, especially for consumer durable goods, finance, insurance and food, and accommodation services. Investment opportunities are available in renewable energy, healthcare, and biomedical research industries, as the government has recognized various measures for development of these important areas.
This report analyzes the impact of different macroeconomic indicators of the country and the effect of socio-political-demographical changes on different industries. The report also examines domestic and external economic trends, government policies, technological changes, and their impact on South Africa’s economy. In the current economic scenario, real estate, finance and insurance, accommodation, and food industries are likely to be mostly affected. Most sectors are open for foreign direct investment and are attracting foreign institutional investors as well.
For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at helpdesk@lucintel.com. Lucintel offerings include SWOT Analysis, Target Screening, and Merger and Acquisition Consulting. Visit Lucintel Product list http://www.lucintel.com/lucintel-product-catalog.html to see a complete list of Lucintel reports. Sign up for our free Email Newsletter http://www.lucintel.com/newsletter.aspx

Total Views: 163Word Count: 398See All articles From Author

Business Articles

1. Some Facts About Event Planning
Author: romyfernandis12

2. Why Should I Hire An Event Planner?
Author: romyfernandis12

3. Why Should I Hire An Event Planning Agency For Corporate Events?
Author: romyfernandis12

4. Render A Successful Event With The Right Event Planning Agency
Author: romyfernandis12

5. Event Management Agency – To Manage Events Successfully
Author: romyfernandis12

6. Denis Vincent - Le Parcours Extraordinaire D'un Homme Ordinaire
Author: Denis Vincent

7. Rising Damp Treatment For Your House – Who To Choose And How
Author: George Dean

8. Certified Packers And Movers In Gurgaon
Author: gajendra singh

9. Benefits Of Using Pressure Washing Services
Author: Anu Radha

10. Understanding Payroll Fraud And Preventing It
Author: NetZealous LLC, DBA TrainHR

11. Glow Art Board Add A Touch Of Glow To Your Art
Author: baby gander

12. Sukanya Samriddhi Yojana Calculator
Author: Ross Barkely

13. Importance Of Recycling The Waste Water
Author: Manoj Shukla

14. Mold Removal Toronto With The Best Package Of All Time
Author: jacob fairley

15. Find Property For Rent
Author: Find Property For Rent

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: