Because of their strong relation, this affects South Africa’s value in business as China’s investment in South Africa fell by 87% in 2015. 2. Meal Kits (Prepared Meals) Market in Middle East & Africa … South Africa is in the midst of local elections. PESTLE ANALYSIS: Political/ LEGAL: Small business development in South Africa is an important vehicle to address the challenges of job creation, and generating sustainable and equitable growth. The proportion of adults who buy fast-food at least once a month has grown significantly, increasing from 66% in 2009 to over 80% in 2015. South African food crops dominate the agricultural market in the region. A weak economy will cause new corporations to be cautious when thinking of expanding business into South Africa. There are over 24 million ecommerce companies that are present online. This PESTLE analysis will examine the many situations South Africa is currently experiencing that may affect businesses within it. Steady decline in planted area of maize 2. Many …, There are many companies the world over, that conduct PESTLE …. When she’s not researching into the sunrise, her nose is stuck in the latest (and cheesiest) of fantasy novels. Fast food restaurants are adding “healthier options” on their menus as public health policies are pushing for foods with lower sodium and sugar intakes. South Africa PESTLE Analysis & Macroeconomic Trends Market Research Report. The Standard Bank Group is one of South Africa's largest financial services groups having presence in 20 countries in sub-Saharan Africa as of 2018. Although people are becoming more and more conscious about health, still the growth of fast food industry has not been affected. The political condition shapes the business environment, providing the organization with suitable growth opportunities. South Africa Opportunities: Develop new industries, expand on current industries, and open tourist attractions. Please select an option from the list below. Speak to our Custom Research Team. A Euromonitor report estimates that the number of consumers in this sector will incre… But with such low currency and exchange rate, it’s a wonder how businesses will start or stay in demand with the diminishing Rand. Woolworths is a notable name in the retail industry, fulfilling the needs of its customers through its different retail outlets. In 2018, Services industry exports was valued at USD 16 billion for South Africa. Report this post; Paul Maughan Follow Congregation leader at … The report provides a holistic view of the country from historical, current and future perspectives. This PESTLE analysis of the food industry is certainly an interesting one. More businesses can take advantage of the raw minerals South Africa offers. Various factors evaluated in PESTLE analysis include political, economic, social, technological, legal and environment-related factors. Each license type allows a set number of users to access the report. PESTLE analysis helps in defining strategies for the organization by analyzing various threats and opportunities likely to be confronted by the management team (Academy, 2019). South Africa reported a total of 8,950.5 thousand metric ton of maize production in 2016, with a free state province accounting for 28.5% of the total maize production in South Africa. Economical factors: rand (currency) is in limbo, Social factors: high entrepreneurship spirit, PESTLE Analysis: Business Environmental Analysis, SWOT Analysis for Restaurants Uncovers the Key to …, 3 Things to Do Before Launching an eCommerce …, Important drivers to Vietnam’s economic growth. In conclusion we provided the possible forecast for country’s development. South Africa: In-depth PESTLE Insights Summary This PESTLE country analysis report on South Africa provides a holistic view of the country, with insightful analysis of current and future issues, supplemented with relevant quantitative data to support trend analysis. Maize prices are volatile 5. We aim to respond to all questions on the same business day. South Africa is improving conditions for budding businesses. We request your telephone number so we can contact you in the event we have difficulty reaching you via email. This PESTEL analysis of South Africa aims to address some of the political, economic, social, technological, environmental, and legal factors that affect South Africa today. Businesses started within South Africa follow the Value Added Tax (VAT). Maize is the most important food crop, followed by wheat and barley. 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