Boardroom Talk
Boardroom Talk: Geopolitics at critical juncture – no more own goals for SA please
After 2021’s rebalancing, which raised the economy’s official size by 11%, South Africa’s GDP is now $420bn. The world’s GDP is over $100 trillion. This means SA accounts for just 0.4% of global economic activity - for every $1 000 spent anywhere on earth this year, only $4 will be on the southern tip of Africa.
By Alec Hogg
After 2021's rebalancing, which raised the economy's official size by 11%, South Africa's GDP is now $420bn. The world's GDP is over $100 trillion. This means SA accounts for just 0.4% of global economic activity – for every $1 000 spent anywhere on earth this year, only $4 will be on the southern tip of Africa.
Here's another critical stat. SA is home to 60m people. That compares with the eight billion souls that now occupy the planet. So, of every thousand sapiens, around seven are South African. For context, that's roughly the same as the Chinese cities of Shanghai, Beijing and Shenzen combined.
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