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Conversis Launches Report on South Africa: Report Addresses South Africas Changing Political and Ec

CONVERSIS


Friday, 15 September, 2006

OXFORD, England

Conversis, a translation and localization company based in the UK and US has just released an additional country report for its Cultural Commentaries: A Closer Look section, on the Website. Focusing on South Africa, the report addresses the region's changing political and economic climate.

Examining South Africa, a country with a population of over 47 million people, the report outlines its growth following years of strict racial segregation under Apartheid. Currently, South Africa's economy continues to gain momentum rising from three percent during the first decade after Apartheid to close to five percent in 2005. The boom has been attributed to high commodity prices, large capital inflows and strong domestic consumer demand, and rooted in anti-poverty measures, growing employment, and rising asset prices.

"Although South Africa has faced many struggles, the country has abundant resources and the highest growth domestic product rate in Africa, which leads many people to have high expectations for the new South Africa," said Gary Muddyman, CEO and Managing Director of Conversis. "As the region continues to grow and modernize, South Africa will increasingly become a solid area for economic investment and infrastructure development."

Today South Africa is known for an abundant supply of resources, well-developed financial, legal, communications, energy, and transport sectors, a stock exchange, and a modern infrastructure. In addition, the service sector, including financial, retail and tourism, leads the GDP, while, agriculture and mining remain a high priority.

"At Conversis, we know how important it is to provide a tool to educate our clients as they expand and develop their businesses on a global scale,"said Muddyman. "As political and economic climates change in different parts of the world, we will continue to examine how to provide the proper resources and expertise which makes doing business globally more seamless."

Reports for Japan and Sweden will soon be added to the Website as an additional resource for site visitors. At this time these free reports are available on the Conversis Website at www.conversisglobal.com.
-ENDS-


About Conversis
Founded in 2003 and based in the United Kingdom, Conversis is a leading provider of Globalization, Internationalization, Localization and Translation (GILT) services, tailoring business needs to each company's relevant markets worldwide. Serving clients in more than 30 markets worldwide, Conversis is dedicated to advancing the understanding and use of GILT as a strategic business tool. More information can be found at www.conversisglobal.com.

Media contact:
Jennifer Green / Cherie Schulman
Michael A. Burns & Associates
[email protected], [email protected]







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