The Economy in South AfricaPresentation Transcript
South Africa Vishal & Jay
South Africa facts….
In the most recent census by the South African government they calculated a population of 43,700,000 .
At 470,979 sq mi, South Africa is the world's 25 th largest country .
The climate varies, from the desert of Namib in the farthest northwest to the lush subtropical climate in the east along the Mozambique border and the Indian ocean.
Living Standards of South Africa
GDP per head = $10,600 (76 th in the world)
The Human Development Index (HDI) is an index unites standard measures of life expectancy, literacy, educational achievements, and GDP per capita for countries worldwide.
HDI for South Africa = 0.674 (121 st in the world)
Total population: 86.4% Male: 87% Female: 85.7% (2003 est.)
T otal population: 42.37 years Male: 43.3 years Female: 41.42 years
Economic Indicators of South Africa
Annual growth rate
5.1% (2007 est.)
Annual rate of inflation
6% (2007 est.)
The cost of goods and services in real terms increased only by 0.9% (2007 est.)
Trade of South Africa
Chief exports include corn, diamonds, fruits, gold, metals and minerals, sugar, and wool. Machinery and transportation equipment make up more than one-third of the value of the country’s imports. Other imports include chemicals, manufactured goods, and petroleum.
Exports: Japan 12.1%, US 11.8%, UK 9%, Germany 7.6%, Netherlands 5.3%, China 4% (2006) .
Imports: Germany 12.6%, China 10%, US 7.6%, Japan 6.6%, Saudi Arabia 5.3%, UK 5% (2006)
Environmental Issues of South Africa
Describe any problems resulting from industrial development or lack of development.
lack of important main rivers or lakes requires extensive water conservation and control measures; growth in water usage outpacing supply; pollution of rivers from agricultural overflow and urban discharge; air pollution resulting in acid rain; soil erosion; desertification.
They are part of the Biodiversity campaign, Climate Change-Kyoto Protocol, Desertification, Endangered Species, Hazardous Wastes, Marine Dumping, Marine Life Conservation, Ozone Layer Protection, Ship Pollution, Wetlands.
South Africa has a two-tiered economy; one rivalling other developed countries and the other with only the most basic infrastructure. It therefore is a productive and industrialised economy that exhibits many characteristics associated with developing countries, including a division of labour between formal and informal sectors--and uneven distribution of wealth and income. The primary sector, based on manufacturing, services, mining, and agriculture, is well developed.
South Africa's transportation infrastructure is among the best in Africa, supporting both domestic and regional needs. The OR Tambo International Airport serves as a hub for flights to other Southern African and International countries. South Africa also has several major ports that make it a central point for most trade in the southern African region
Tourism in South Africa
Tourism is very important to the economy, because as an increase in tourism would cause an increase in number of jobs created, as well as boost the money flow into the country.
Safaris are the main attraction, beaches from KwaZulu-Natal to the Wild Coast, from the Eastern Cape to the West Coast, South Africa boasts more than 3 000km of coastline. Pristine beaches, fishing communities, golf estates, luxury hotels and guest-houses dot the landscape.
Job creation, business set up for tourism, and investment.
Air pollution by planes, country becoming to commercial and lose its sovereignty.
Indebtedness of South Africa
The growing indebtedness of low-income groups in South Africa is seen as a socio-economic problem in that it leads to the entrenchment of poverty, causing misery and distress to the already poor. The overriding motivation for the proposed research methodology is to provide meaningful information to policy makers and other interested parties for use towards alleviating human suffering and poverty.
Aid in South Africa
They receive $700 million from foreign countries.(2005).
They use this money to help boost economic efficiency, to help overcome of Aids/HIV.
South Africa is a middle-income, emerging market with an abundant supply of natural resources; well-developed financial, legal, communications, energy, and transport sectors; a stock exchange that is 17th largest in the world; and modern infrastructure supporting an efficient distribution of goods to major urban centres throughout the region.
The major disasters in South Africa include wildfires, droughts.
Red dots symbolise wildfires in south Africa
Government of South Africa
South Africa is a constitutional democracy with a three-tier system of government and an independent judiciary.
Racial segregation enforced by the National Party government of South Africa between 1948 and 1990.
South Africa had a policy of attacking terrorist bases in neighbouring countries.