South africa economy

403 mots 2 pages
The South African economy is the strongest in Africa, Economic liberalism tempered by a strong state involvement, South Africa has companies successful and competitive in international markets
Rich mineral resources
The second largest gold producer in the world, The leading producer of platinum mining, Fifth largest producer of diamonds
An important agricultural
Production of corn, wheat, sugarcane, important sheep-farming and wool production. Large firms of arms production like « Rippel Effect Weapon Systems » or « Denel » several large aerospace companies, specializing in acrobatic competition
Telecommunications
The urban areas have modern telecommunications infrastructure and efficient. Four mobile phone companies are on the market: Vodacom, MTN, Cell C et Virgin Mobile SA
Energy
The local power depends mainly on the production of coal, 94% in 2007. Power plants, roads and other infrastructure have been ignored by various governments blacks (post-apartheid) and so now there is a lot of power cut South Africa stands at the 121st out of 177 with an HDI of 0.674, 23.2% of the workforce was unemployed in August 2008. Life expectancy at birth is only 50.8 years. The adult literacy rate is 82.4%.
It aims to promote better representation of the black majority in the different sectors of the country, several companies have made a deal to share capital with financial black group. There is a Depletion of white people because of unemployment, exodus of young white graduates which involve a lack of brains. This program has helped to develop a black middle class, and that do not beneficiate to poor people.
Redistribution of land to descendants of black farmers deprived by force, 60 000 whites still own and manage 80% of arable land. Only 1% of the budget is allocated to this reform, which involves trials and violences. Black farmers grow only the surfaces sufficient to feed their families and leave the rest fallow. Jacob Zuma launched in 2010 an

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