South Africa New Business Registrations (Number per Year) (2024)
South Africa's New Business Registrations (Number per Year): 494,475 number of registrations in 2024, +19.8% YoY. World Bank (IC.BUS.NREG), 2006–2024.
South Africa (2024)
494,475
number of registrations
+19.8% YoY
YoY Change
+19.8%
number of registrations
Trend
up
Series length
19
years of data
Data
| Year | number of registrations | YoY Change |
|---|---|---|
| 2024 | 494,475 | +19.8% |
| 2023 | 412,780 | -4.9% |
| 2022 | 434,024 | -8.1% |
| 2021 | 472,324 | -3.7% |
| 2020 | 490,487 | +17.5% |
| 2019 | 417,453 | +4.1% |
| 2018 | 401,054 | +0.8% |
| 2017 | 397,940 | +6.0% |
| 2016 | 375,547 | +4.9% |
| 2015 | 357,851 | +41.5% |
| 2014 | 252,827 | -0.4% |
| 2013 | 253,801 | +4.1% |
| 2012 | 243,917 | +36.4% |
| 2011 | 178,811 | -15.2% |
| 2010 | 210,741 | -20.1% |
| 2009 | 263,804 | -11.9% |
| 2008 | 299,314 | +1.2% |
| 2007 | 295,746 | +8.6% |
| 2006 | 272,275 | n/a |
About this Dataset
South Africa recorded 494,475 number of registrations in 2024. The latest change was +81,695. Across 2006–2024 the series ranges from 178,811 in 2011 to 494,475 in 2024.
This page tracks the number of new limited liability companies registered per year in South Africa from 2006 to present. New business registrations are the primary proxy for startup formation and entrepreneurial activity in the formal economy.
Data sourced from World Bank via Open Data API. Values use World Bank standardised methodology intended for cross-country comparison.
Frequently Asked Questions
This page tracks the number of new limited liability companies registered per year in South Africa from 2006 to present. New business registrations are the primary proxy for startup formation and entrepreneurial activity in the formal economy. It is published by World Bank and updated annually.
The most recent observation covers 2024. World Bank typically publishes this series with a lag of several months after the reference period. The series runs 2006–2024 (19 observations).
The series peaked at 494,475 number of registrations in 2024 and reached its lowest recorded value of 178,811 in 2011. The latest reading of 494,475 in 2024 represents a change of +81,695.