Economy of South Africa
South Africa is the Southernmost country of the African continent. It is bordered by Botswana and Zimbabwe to the North, Namibia by Northwest, Mozambique & Swaziland by Northeast and Lesotho by East. The country possesses two islands -Prince Edwards & Marion in Indian ocean about 1900 kms. from Southeast of Capetown.The country is renowned for its great natural beauty & cultural diversity which the country a favorable destination for Travelers since 1994. Its major cities Johannesburg, Capetown, Pretoria, Durban & Bloemfontein are the centers of its executive, judicial, commerce & industrial centers. It has a relatively stable economy on agricultural land and abundant mineral resources. The country has a well developed mature large scale mining sector for over 100 years.The country's Platinum group metals reserves expected to last another about 335 years and Coal for 256 years. It represents 8% of GDP of South Africa with total annual income of 500 B