New businesses registered — all countries

New businesses registered — South Africa

New businesses registered in South Africa in 2024 — 494,475 companies. Ranked 3 in the world out of 134. Since 2006, the indicator has risen by 81.6%.

2024 494,475 companies +19.79% vs 2023
World rank 3of 134
Period maximum 494,475 companies2024
Period minimum 178,811 companies2011

Trend over time

2006–2024 · companies

New businesses registered — South Africa, 2006–2024100,000200,000300,000400,000500,00020062008201020122014201620182020202220242006: 272,275 companies2007: 295,746 companies2008: 299,314 companies2009: 263,804 companies2010: 210,741 companies2011: 178,811 companies2012: 243,917 companies2013: 253,801 companies2014: 252,827 companies2015: 357,851 companies2016: 375,547 companies2017: 397,940 companies2018: 401,054 companies2019: 417,453 companies2020: 490,487 companies2021: 472,324 companies2022: 434,024 companies2023: 412,780 companies2024: 494,475 companies
Change over the period: +222,200 (+81.61%) Average annual rate: 3.37 %

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: South Africa

South Africa 494,475 companies
Sub-Saharan Africa computed 905,245 companies
Southern Africa computed 531,453 companies
Upper-middle-income countries computed 2.82M companies
New businesses registered — South Africa, by year South Africa All countries CSV XLSX
Year companies Change Change, %
2024 494,475 +81,695 +19.79%
2023 412,780 −21,244 −4.89%
2022 434,024 −38,300 −8.11%
2021 472,324 −18,163 −3.7%
2020 490,487 +73,034 +17.5%
2019 417,453 +16,399 +4.09%
2018 401,054 +3,114 +0.78%
2017 397,940 +22,393 +5.96%
2016 375,547 +17,696 +4.95%
2015 357,851 +105,024 +41.54%
2014 252,827 −974 −0.38%
2013 253,801 +9,884 +4.05%
2012 243,917 +65,106 +36.41%
2011 178,811 −31,930 −15.15%
2010 210,741 −53,063 −20.11%
2009 263,804 −35,510 −11.86%
2008 299,314 +3,568 +1.21%
2007 295,746 +23,471 +8.62%
2006 272,275

Southern Africa, 2024

The same indicator for neighboring countries — with links to their pages

About the indicator

The number of newly registered limited liability companies over a year. Only they are counted: sole proprietorships, partnerships and cooperatives do not enter, so in countries where small business prefers simpler legal forms the indicator understates entrepreneurial activity.

Important: Limited liability companies only. Registration is not the start of activity: some registered companies never begin to operate.

Source: World Development Indicators (World Bank), license CC BY 4.0.