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South Africa
| Economy Overview |
| 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 ranks among the 10 largest in the world; and a modern infrastructure supporting an efficient distribution of goods to major urban centers throughout the region. However, growth has not been strong enough to lower South Africa's high unemployment rate; and daunting economic problems remain from the apartheid era, especially poverty and lack of economic empowerment among the disadvantaged groups. South African economic policy is fiscally conservative, but pragmatic, focusing on targeting inflation and liberalizing trade as means to increase job growth and household income. |
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| Economy Statistics |
| Exports: |
$41.97 billion f.o.b. (2004 est.) [?]
This entry provides the total US dollar amount of merchandise exports on an f.o.b. (free on board) basis. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms.
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Export
Commodities: |
gold, diamonds, platinum, other metals and minerals, machinery and equipment (1998 est.) [?]
This entry provides a rank ordering of exported products starting with the most important; it sometimes includes the percent of total dollar value.
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Export
Partners: |
US 10.2%, UK 9.2%, Japan 9%, Germany 7.1%, Netherlands 4% (2004) [?]
This entry provides a rank ordering of trading partners starting with the most important; it sometimes includes the percent of total dollar value.
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| Imports: |
$39.42 billion f.o.b. (2004 est.) [?]
This entry provides the total US dollar amount of merchandise imports on a c.i.f. (cost, insurance, and freight) or f.o.b. (free on board) basis. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms.
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Import
Commodities: |
machinery and equipment, chemicals, petroleum products, scientific instruments, foodstuffs (2000 est.) [?]
This entry provides a rank ordering of imported products starting with the most important; it sometimes includes the percent of total dollar value.
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Import
Partners: |
Germany 14.2%, US 8.5%, China 7.5%, Japan 6.9%, UK 6.9%, France 6%, Saudi Arabia 5.6%, Iran 5% (2004) [?]
This entry provides a rank ordering of trading partners starting with the most important; it sometimes includes the percent of total dollar value.
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| South African Chamber of Business |
| Address: |
24 Sturdee Avenue
Rosebank
Gauteng
South Africa |
| Phone: |
24 Sturdee Avenue |
| Fax: |
+27-11-446-3847/9 |
| Website: |
http://www.sacob.co.za/ |
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