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South Africa Real Estate

We offer South Africa real estate investment information for Pretoria, Richards Bay, Durban, East London, Port Elizabeth, Mossel Bay, Saldanha and Cape Town. Scroll down for more information about South Africa.

Real Estate For Sale In South Africa

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About South Africa

South Africa Population: 42,718,530 (July 2004 est.)
Languages: 11 official languages, including Afrikaans, English, Ndebele, Pedi, Sotho, Swazi, Tsonga, Tswana, Venda, Xhosa, Zulu.
Capital: Pretoria
Government Type: Republic
Independence Day: 31 May 1910 (from UK); note - South Africa became a republic in 1961 following an October 1960 referendum.
Legal System: Based on Roman-Dutch law and English common law; accepts compulsory ICJ jurisdiction, with reservations.
Currency: rand (ZAR)

Executive Branch:

Chief of State: President Thabo MBEKI (since 16 June 1999); Executive Deputy President Jacob ZUMA (since 17 June 1999); note - the president is both the chief of state and head of government.

Head of Government: President Thabo MBEKI (since 16 June 1999); Executive Deputy President Jacob ZUMA (since 17 June 1999); note - the president is both the chief of state and head of government.

American Embassy: 877 Pretorius Street, Pretoria
Mailing Address: P. O. Box 9536, Pretoria 0001
Telephone: [27] (12) 342-1048 FAX: [27] (12) 342-2244

General Overview: After the British seized the Cape of Good Hope area in 1806, many of the Dutch settlers (the Boers) trekked north to found their own republics. The discovery of diamonds (1867) and gold (1886) spurred wealth and immigration and intensified the subjugation of the native inhabitants. The Boers resisted British encroachments, but were defeated in the Boer War (1899-1902). The resulting Union of South Africa operated under a policy of apartheid - the separate development of the races. The 1990s brought an end to apartheid politically and ushered in black majority rule.

Economic Overview: South Africa is a middle-income, emerging market with an abundant supply of natural resources; well-developed financial, legal, communications, energy, and transport sectors; a stock exchange that ranks among the 10 largest in the world; and a modern infrastructure supporting an efficient distribution of goods to major urban centers throughout the region. However, growth has not been strong enough to lower South Africa's high unemployment rate; and daunting economic problems remain from the apartheid era, especially poverty and lack of economic empowerment among the disadvantaged groups. High crime and HIV/AIDS infection rates also deter investment. South African economic policy is fiscally conservative, but pragmatic, focusing on targeting inflation and liberalizing trade as means to increase job growth and household income.

International Disputes: Managed dispute with Namibia over the location of the boundary in the Orange River.

South Africa Map

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