22 - 26 April 2024
Sandton Convention Centre
Johannesburg, South Africa

Beyond Projections: The Unveiling Tapestry of South Africa's Economic Future

AVCA Annual Conference returns to South Africa for the first time since 2013 to celebrate its' 20th anniversary.

Southern Africa named the most resilient region on the continent
AVCA's 2023 Private Capital Activity in Africa report reconfirmed Southern Africa’s dominant force in Africa's private capital landscape, driven by South Africa’s renewable sector. The region was the only to register positive year-on-year growth within venture capital in 2023; signalling a return to the forefront of venture capital on the continent. 

Driving investment into infrastructure will be one of the most significant focus areas to stimulate the region's economic growth; since developing nations that dedicated approximately 30% of their GDP to infrastructure have historically experienced the most rapid economic growth.


An Attractive Destination For International Investment

Boasting the second largest economy on the continent, South Africa has proven itself to be the most industrialised, technologically advanced, and diversified economy in Africa.

Standing its ground as an "African lion” alongside the five powers that together account for 60% of African GDP, South Africa upheld one of the highest growth forecasts for 2022 in Africa, with a GDP of US$419bn in 2023.

The region also demonstrated resilience during the first half of 2023, experiencing a 9% decline in deal value, in contrast to the over 50% decline experienced across all other regions.


Navigating Climate Risks & Harvesting Solutions

South Africa plays a crucial role in addressing the global food security challenge. Agriculture stands out as a high-performing sector in the region, experiencing a noteworthy year-on-year growth of 8.2% in the first half of 2023, primarily fueled by favorable rainfall conditions.

While this sector is on a trajectory for continued expansion, it must confront challenges associated with climate variability, logistical hurdles, and the need for broader market access.

Additionally, other sectors, such as tourism, have also demonstrated commendable performance in contributing to the overall resilience and development of the country.


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