Africa’s most southerly nation is South Africa. It is the 24th most populous country in the world and the 25th largest by land area. Its population is close to 60 million.
South Africa is a newly industrialized nation with an upper-middle-income economy, according to the World Bank.It is the second-largest economy in Africa and ranks 34th in the world. South Africa has the seventh-highest per capita income in Africa in terms of purchasing power parity. However, with around 25% of the population unemployed and subsisting on less than US$1.25 per day, poverty and inequality continue to be pervasive. Nevertheless, South Africa is seen as a medium power in world affairs and continues to have a big regional impact.
Registered company statistics
From 2000 – 2016
New Registrations for Businesses per 1000 People 10.218 people between the ages of 15 and 64 were recorded in 2016. This represents an increase over the prior figure for 2015 of 8.731 Number. ZA: New Registrations per 1000 People for New Businesses The data on people aged 15 to 64 is updated yearly, with an average of 8.707 Number from December 2006 to 2016 and 11 observations. The information peaked at 10.405 Number in 2007 and fell to a record-low 5.496 Number in 2011. ZA: New Registrations per 1000 People for New Businesses Aged 15 to 64 data from CEIC is still current and reported by the World Bank.
.The information is grouped under Table ZA for South Africa in the Global Database. Global Bank. WDI: Statistics on Registered Businesses. The number of new limited liability corporations that were formed throughout the year is known as the number of new firms registered. Only limited liability companies that are active in the formal sector are included for cross-country comparability.
From 2020 till date
According to the World Bank’s collection of development indicators, which was produced from officially recognized sources, the number of newly registered enterprises in South Africa was predicted to be 486900 in 2020. Actual figures, prior information, projections, and forecasts for South Africa’s newly registered firms were obtained from the World Bank in October 2022.
