South Africa is the second-largest country in Africa with around 60 million residents. The country has a relatively stable economy and is an attractive destination for investment, trade, and business expansion.
At Africa HR Solutions, our experts ensure that all procedures and regulations are respected to achieve 100% compliance. Our end-to-end South Africa HR outsourcing services include Professional Employer Organisation (PEO), Employer of Record, payroll, and other ancillary services.
Country Profile - South Africa
Population: 57.8 mn
Gross Domestic Product (GDP): $301.92 bn
GDP Growth: 0.8%
Inflation: 4.5%
Foreign Direct Investment (% of GDP): 1.5%
Unemployment Rate: 27.0 %
Capital: Pretoria, Bloemfontein, Cape Town
Currency: South African Rand
Languages: Afrikaans, English, Zulu, Northern Sotho, Xhosa, Southern Sotho, Venda, Tswana, Tsonga, Swati, Ndebele
South Africa's Economy
Considered to have a large, and young population, South Africa represents a regional economic and political power in the African continent. The country is abundant in natural resources such as gold, platinum, coal, rare metals among others, with developed services and a healthy financial market and banking system. An Economic Reconstruction and Recovery Plan was announced in October 2020 to fight the Covid-19 pandemic and relaunch the economic activities, imports and exports and ensure moderate growth.
Interesting Facts About South Africa
South Africa is famous for its Cape Winelands and South Africa’s wines
It is the only country in the world having three capital cities
The legendary Table Mountain in Cape Town is one of the oldest mountains in the world
South Africa is home to diverse landscapes, incredible wildlife, deserts, mountains, forests, and more.
Public Holidays in South Africa
New Year’s Day
Human Rights Day
Good Friday
Family Day
Freedom Day
Workers Day
Youth Day
National Women’s Day
Heritage Day
Day of Reconciliation
Christmas Day
Day of Goodwill
Employment in South Africa
It is better to have a strong employment agreement in South Africa, which can be in both verbal or written format. Employees prefer a written agreement that describes all related information about their job, that is their monthly wage, compensation, leaves, bonus, and termination details. The workweek is up to 45 hours per week, and employees are entitled to parental, sick, and vacation leaves. To help with your international business plans, our experts at Africa HR Solutions devise a comprehensive offering to ensure your move to South Africa is easy and complies with all local laws, norms, cultural differences, and policies. Furthermore, we assist you in crafting a competitive benefits scheme to get the best talent on board while you focus on running your business with peace of mind.
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