Imports$102.6 billion (2011 est.)
Exports$104.5 billion (2011 est.)
Inflation rate (consumer prices)5% (2011 est.)
Unemployment rate24.9% (2011 est.)
GDP - per capita (PPP)$11,100 (2011 est.)
National product real growth rate3% (2010 est.)
Internet users4.42 million (2009)
Telephones - mobile cellular50.372 million (2009)
Population growth rate-0.412% (2012 est.)
Population48,810,427 (July 2012 est.)
Dutch traders landed at the southern tip of modern day South Africa in 1652 and established a stopover point on the spice route between the Netherlands and the Far East, founding the city of Cape Town.
After the British seized the Cape of Good Hope area in 1806, many of the Dutch settlers (the Boers) trekked north to found their own republics.
The discovery of diamonds (1867) and gold (1886) spurred wealth and immigration and intensified the subjugation of the native inhabitants....
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 the 18th largest in the world; and modern infrastructure supporting a relatively efficient distribution of goods to major urban centers throughout the region.
At the end of 2007, South Africa began to experience an electricity crisis.
State power supplier Eskom encountered problems with aged plants, necessitating "load-shedding" cuts to residents and businesses in the major cities....
The Economist Intelligence Unit
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This report contains detailed forecasts and analysis for South Africa, including trade and investment analysis, economic forecasts, political risk assessments and demographic trend analysis. Each ISA ...
GDP grew by 1.2% on the quarter in Q4 2014, but this was not enough to offset weakness earlier in the year due to strikes in the mining and manufacturing sectors. Growth in 2014 overall was 1.5% in 2014, ...
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