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South African Business 2018 edition

Welcome to the sixth edition of the South African Business journal. First published in 2011, the publication has established itself as the premier business and investment guide to South Africa, supported by an e-book edition at www.southafricanbusiness.co.za. Regular pages cover all the main economic sectors of the South African economy and give a snapshot of each of the country’s provincial economies. Feature articles on topical issues such as sustainability and African trade provide unique insights, together with an interview with the newly elected chairman of the African Association of Automotive Manufacturers, Mr Thomas Schaefer. Another special feature focusses on an exciting project to transform South Africa’s small harbours and coastal properties. South African Business is complemented by nine regional publications covering the business and investment environment in each of South Africa’s provinces. The e-book editions can be viewed online at www.globalafricanetwork.com. First published in 2011, the publication has established itself as the premier business and investment guide to South Africa, supported by an e-book edition at www.southafricanbusiness.co.za Regular pages cover all the main economic sectors of the South African economy and give a snapshot of each of the country’s provincial economies. Feature articles on topical issues such as sustainability and African trade provide unique insights, together with an interview with the newly elected chairman of the African Association of Automotive Manufacturers, Mr Thomas Schaefer. Another special feature focusses on an exciting project to transform South Africa’s small harbours and coastal properties. South African Business is complemented by nine regional publications covering the business and investment environment in each of South Africa’s provinces. Visit www.globalafricanetwork.com for more business and investment news, opportunities and events.

Welcome to the sixth edition of the South African Business journal. First published in 2011, the publication has established itself as the premier business and investment guide to South Africa, supported by an e-book edition at www.southafricanbusiness.co.za.

Regular pages cover all the main economic sectors of the South African economy and give a snapshot of each of the country’s provincial economies. Feature articles on topical issues such as sustainability and African trade provide unique insights, together with an interview with the newly elected chairman of the African Association of Automotive Manufacturers, Mr Thomas Schaefer. Another special feature focusses on an exciting project to transform South Africa’s small harbours and coastal properties.

South African Business is complemented by nine regional publications covering the business and investment environment in each of South Africa’s provinces. The e-book editions can be viewed online at www.globalafricanetwork.com.
First published in 2011, the publication has established itself as the premier business and investment guide to South Africa, supported by an e-book edition at www.southafricanbusiness.co.za

Regular pages cover all the main economic sectors of the South African economy and give a snapshot of each of the country’s provincial economies. Feature articles on topical issues such as sustainability and African trade provide unique insights, together with an interview with the newly elected chairman of the African Association of Automotive Manufacturers, Mr Thomas Schaefer. Another special feature focusses on an exciting project to transform South Africa’s small harbours and coastal properties.

South African Business is complemented by nine regional publications covering the business and investment environment in each of South Africa’s provinces. Visit www.globalafricanetwork.com for more business and investment news, opportunities and events.

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OVERVIEW<br />

Cape has upwards of 200 mosques and a cosmopolitan lifestyle that<br />

has seen various faiths coexist for many years.<br />

Another potential growth area is health tourism. Upwards of sevenmillion<br />

people travel the world annually for procedures, and <strong>South</strong><br />

Africa is well placed to receive a percentage of this market. A conference<br />

held in Richards Bay in 2017 put the focus on issues such as investment,<br />

training and the development of products.<br />

A significant move in the <strong>South</strong> <strong>African</strong> hotel sector is the decision<br />

by Marriott International to develop Marriott branded hotels in<br />

Johannesburg and Cape Town. After acquiring the Protea brand in<br />

2014, Marriott introduced “Protea Hotel by Marriott” as the model but<br />

the decision in 2016 to use the mother brand for new hotels suggests<br />

an increased commitment to the local market. In partnership with the<br />

Amdec group, the group will spend about R1-billion on the Marriott<br />

Hotel Melrose Arch (150 rooms) and Marriott Executive Apartments<br />

Johannesburg Melrose Arch (200 flats).<br />

Buying into Protea Hotels has given Marriott access not only to the<br />

<strong>South</strong> <strong>African</strong> market, but to many other <strong>African</strong> countries. Between<br />

Tshwane and Johannesburg (and in the nearby Magaliesberg mountains),<br />

Protea by Marriott has no fewer than 17 hotels across three<br />

brands: Fire and Ice, Protea; Protea Hotels and <strong>African</strong> Pride Hotels,<br />

the premier brand.<br />

Carlson Rezidor is another group wanting to expand, with plans for<br />

hotels in eight of <strong>South</strong> <strong>African</strong> provinces on the schedule.<br />

A lot of effort has gone into increasing the number of <strong>South</strong><br />

<strong>African</strong>s who take trips within the country. In the 2016/17 financial<br />

year, <strong>South</strong> <strong>African</strong> Tourism has committed R100-million to<br />

promote domestic tourism.<br />

Domestic tourism generated<br />

R8.8-billion in the first quarter<br />

of 2016, an improvement on the<br />

same period in the year before.<br />

A Tourism Incentive Programme<br />

(TIP) has been launched by the<br />

National Department of Tourism.<br />

Tourism has been earmarked as<br />

one of the six key growth sectors<br />

in national government’s New<br />

Growth Path.<br />

An Enterprise Development<br />

Project Management Unit (PMU)<br />

has been established. Among<br />

the PMU’s tasks will be to manage<br />

an Enterprise Development<br />

Online Information Portal for<br />

small, medium and microenterprises.<br />

Two tourism incubator<br />

hubs are also to be established<br />

in the Pilanesberg (North<br />

West Province) and Manyeleti<br />

(Mpumalanga Province).<br />

One of the reasons for the<br />

success of <strong>South</strong> Africa’s tourism<br />

sector is its diversity. Superb<br />

natural beauty, excellent beaches<br />

(45 have Blue Flag status),<br />

incomparable wildlife, vibrant<br />

cities and cultural and heritage<br />

attractions that represent a heterogeneous<br />

population and a<br />

dramatic history, <strong>South</strong> Africa really<br />

does have it all. Culture and<br />

heritage accounts for fully 40%<br />

of world tourism and is one of<br />

the fastest-growing subsectors.<br />

In the five years to 2021, <strong>South</strong><br />

Africa will be the venue for more<br />

than 200 conferences that will<br />

add R1.6-billion to the economy<br />

and attract about 300 000<br />

participants.<br />

<strong>South</strong> Africa has 19 national<br />

parks and each province has its<br />

own reserves. There are many<br />

SOUTH AFRICAN BUSINESS <strong>2018</strong><br />

118

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