Kloof Street — Embark.org
South Africa
The middle-income emerging market has an ample supply of natural resources; well-developed financial, legal, communications, energy, and transport sectors, as well as, Africa’s largest stock exchange.
South Africa, hitherto, was always in the first position but was taken over by Tunisia. It is still one of the cheapest countries to live in not only in Africa but the world.
The country has a high local purchasing power that is about 52 percent lower than in the States. South Africa, which is the largest producer of gold, platinum, and chromium does not joke with its tourism sector, as it continues to bring in more tourists to tour areas like Cape Town.
Prices on consumer goods and groceries, as well as rent are affordable.
