South Africa is known for its sound and prudent macro-economic policies, strong legal, banking and financial system. The country’s sound macroeconomic management is by and large responsible for mitigating the most negative effects of the world economic crisis on the South African economy. The sustained macroeconomic programme pursued by Government has delivered lower taxes, yet higher tax revenues, lower interest rates, lower inflation and a relatively strong and stable currency.

The country has highly developed physical infrastructure, modern telecommunications systems and a vibrant banking sector. This considerably reduces the cost and ease of doing business and offers a favorable investment environment. Doing business in South Africa is much the same as doing business anywhere in the developed world.

From a business tourism perspective, there are a number of excellent hotels, including 6* hotels, as well as first-class business facilities and telecommunications infrastructure. It also features excellent conferencing facilities across the country. In 2008, the Cape Town International Convention Centre overtook New York as the most popular convention city for long haul conference goers worldwide.