We found 11 online brokers that are appropriate for Trading South African Investment Platforms.
With rising debt & the ongoing COVID-19 pandemic, a significant drop in investments & spending is more than likely in 2024 and 2025.
Before the 2021 budget was announced, South Africa's economy was already under pressure from a host of various challenges. To counter the challenges, the government had to announce an emergency budget in the mid of 2020. While other economic challenges were already present, COVID-19 was the last straw. Economic slowdown thanks to COVID-19 as well as rising debt resulted in a revenue shortfall of R312 billion since the last budget (2010).
In the mid-term budget, the government announced additional fiscal stimulus to recover the economy from COVID-19. Under normal conditions, the government may increased taxes & interest rates to shore up its reserves. But Pandemic (COVID-19) was a new phenomenon and it was not possible to counter it with traditional measures.
While already in debt, announcing new fiscal stimulus caused South Africa's debt to rise significantly in 2020. Experts believe that debt is in an upward trajectory for the next 5 years - As the government will increase its spending & support for the households and businesses. Without additional spending, it may take a long time to recover the economy.
However, if we compare South Africa's debt with advanced economies and the rest of the world, it is still far below. It was the year 2011 when South Africa's debt first crossed the debt of developing economies. But advanced economies and the worldwide average of debt are still above SA.
Experts also point another worrying aspect: The debt is rising steadily but the GDP is not keeping up. Instead, real GDP growth is only around 1.5%/year. Just to pay back the debt and interest payments, the government is paying more than what it is spending on health and education for the years 2024 and 2025.
In short, the rising debt of South Africa is also negatively affecting the health system. In COVID-19, a strong health system is a basis for fighting against this invisible enemy.
The speed at which debt is rising in the country is very alarming. In near future, the government may have to cut out its spendings on sectors such as health, infrastructure, education & so on. The debt-servicing cost will ultimately have negative consequences on economic growth.
To get a perspective, the South African economy grew at an average pace of 1.5% from 2011 to 2019. On the contrary, developing countries saw a GDP growth of 4.8% during the same period.
Pandemic also brought into the light, how ill-prepared South African's economy is, in the event of a global shock. To put the country back on track, the South African government didn't have any other tool at its disposal, except getting loans.
Going ahead, governments need to maintain financial discipline and follow the path laid out in the Medium-Term Budget Policy Statement (MTBPS). It may be hard to tackle the rising debt while also providing stimulus, but it is not impossible. Providing stimulus is also really important as the economy already saw an economic contraction of 7.2% in 2020.
The economy is expected to record positive growth in 2021 but the growth is expected to be slow. Keeping in view the current COVID-19 situation, lockdowns, and slowed economic activity - A growth of 3.3% is expected for the South African economy in 2021.
While SA's economic growth forecast is 3.3% for 2024 & 2.2% in 2025, global economic growth is expected at 5.5% in 2024. With the eventual opening of the economy, the world output will reach 4.2% in 2024. Economic growth of even 3% is remarkable after removing from a contraction but South Africa's recovery is still lagging behind the global recovery.
In 2024, the GDP growth forecast for the South African economy is only around 1.6%.
Let's take a look at some of the risk factors that can negatively impact the economic recovery of the country:
To keep the debt levels in check, the government imposed cuts on social grants. With slowed economic growth due to coronavirus, the cut on social grants will cause hardship and economic problems for the people. The latest survey also showed the unemployment level reaching 32.5%. Such high levels have not been seen since 2008.
The government is also planning on imposing a cut to the wages of the public sector. While this will give some breathing room to the government, the public sector will suffer.
The government is still planning on the wage cuts so far.. If this happens, more unrest from the public sector will follow.
The government has finalized a set of reforms that would put the country back on track for recovery. Some of these reforms include raising taxes, increasing infrastructure spending & building a sustainable economy that can create new jobs.
Failure to follow the reforms will put a risk to the economic recovery.
High levels of debt, rising unemployment, and COVID-19 are the major problems for the economy.
In 2024, South Africa's GDP forecast is 3.3%.
In 2024, South Africa's GDP forecast is 2.2%.
We have conducted extensive research and analysis on over multiple data points on South Africa Economic Forecast to present you with a comprehensive guide that can help you find the most suitable South Africa Economic Forecast. Below we shortlist what we think are the best South African Investment Platforms after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching South Africa Economic Forecast.
Selecting a reliable and reputable online South African Investment Platforms trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade South African Investment Platforms more confidently.
Selecting the right online South African Investment Platforms trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
When choosing a broker for South African Investment Platforms trading, it's essential to compare the different options available to you. Our South African Investment Platforms brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
By comparing these essential features, you can choose a South African Investment Platforms broker that best suits your needs and preferences for South African Investment Platforms. Our South African Investment Platforms broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top South African Investment Platforms.
Compare South African Investment Platforms brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a South African Investment Platforms broker, it's crucial to compare several factors to choose the right one for your South African Investment Platforms needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are South African Investment Platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more South African Investment Platforms that accept South African Investment Platforms clients.
Broker | IC Markets | Roboforex | eToro | XTB | XM | Pepperstone | AvaTrade | FP Markets | EasyMarkets | SpreadEx | FXPro |
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Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926), Capital Markets Authority (CMA), Securities Commission of the Bahamas (SCB) | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) |
Min Deposit | 200 | 10 | 100 | No minimum deposit | 5 | 200 | 100 | 100 | 100 | 1 | 100 |
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Used By | 180,000+ | 1,000,000+ | 30,000,000+ | 935,000+ | 10,000,000+ | 400,000+ | 300,000+ | 10,000+ | 142,500+ | 10,000+ | 1,866,000+ |
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Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps |
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Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 76% of retail investor accounts lose money when trading CFDs with this provider. | 76-85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 74-89 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Your capital is at risk | Losses can exceed deposits | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider |
Demo |
IC Markets Demo |
Roboforex Demo |
eToro Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
easyMarkets Demo |
SpreadEx Demo |
FxPro Demo |
Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, MG, MK, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MO, UA, JO, KR, | US, IN, PK, BD, NG , ID, BE, AU | US, CA, IL, IR | AF, AS, AQ, AR, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, UY, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | US, TR | US, CA, IR |
You can compare South African Investment Platforms ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top South African Investment Platforms for 2024 article further below. You can see it now by clicking here
We have listed top South African Investment Platforms below.
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