Description

South Africa is a democratic Republic with a stable political system. The economic environment is forecast to remain stable, with policy focus on employment creation through growth and stability. The chemicals industry is dominated by the petrochemicals sector, where the local manufacturing of coal-to-liquids and gas-to-liquids is prominent in the petroleum industry. Demand for chemicals has increased since 2004 and the local manufacture and imports of chemicals have increased considerably. From 2004 to 2008 chemical imports grew substantially. The plastics sub-sector has shown the greatest growth from 2004 to 2010.