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Showing posts from November 15, 2018

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