Investing in South Africa is a great opportunity for anyone who is looking for a safe place to invest their money. The country’s economy continues to grow steadily, positioning it as one of the strongest economies in Africa.
The opportunities are endless when it comes to investing in South Africa. Whether you are looking for an investment that will provide you with a steady income or you want to invest your money into something that will give you high returns, there is something perfect for everyone. Below are a few exponential opportunities to explore if you’re considering investing in South Africa.
- Cannabis Industry
South Africa is currently the largest producer of medical marijuana in the world. In fact, it produces about 80% of the global supply. The country’s government has recently legalized the recreational use of marijuana and is expected to generate over $1 billion in revenue annually by 2020. - Medical Marijuana
The country’s first legal medical marijuana market was launched in 2016. There are now over 100 registered growers who produce medicinal cannabis for patients with conditions like cancer, HIV/AIDS, epilepsy, and chronic pain. - Recreational Marijuana
In 2018, South Africa became the second African nation after Lesotho to legalize recreational marijuana. By 2023, the country hopes to have at least three licensed producers supplying the public. - Agricultural Investments
There are many investment opportunities in the agricultural sector. One of these includes investing in the production of hemp, which is a type of cannabis that contains only trace amounts of THC (the chemical responsible for getting users high). Hemp is grown legally in Canada, China, and Europe, among others. - Real Estate
Another opportunity in agriculture is real estate. Many farmers are selling their land and turning to rent instead. Investors should look for farmland near urban centers where demand for food is increasing. - Mining
Mining is yet another way to invest in the agricultural industry. Gold mining is already taking place in South Africa, and investors are looking to expand into other industries including copper, platinum, iron ore, and coal. - Biotechnology
Biotechnology is the study of genetic engineering and involves using science to modify organisms in order to improve them. Companies are developing strains of crops that are resistant to disease, more nutritious, and easier to cultivate.
