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Although the natural resource extraction industry remains one of the largest in the country with an annual contribution to the GDP of US$13.5 billion, [33] the economy of South Africa has diversified since the end of apartheid, particularly towards services.
South Africa's production of chromium accounted for 100% of the world's total production in 2005, and consisted of 7,490,000 metric tons (7,370,000 long tons; 8,260,000 short tons) of material. [24] South Africa holds approximately three-quarters of the world's viable chromite ore resources.
Solar energy is a low-cost source of energy compared to traditional non-renewable energy resources in South Africa. The introduction of solar power plants has stimulated the economy and created jobs within the country. [22] South Africa's land cover receives an average of 2,500 hours of sunshine per year. [6]
South Africa has a large energy sector, being the largest economy in Africa. The country consumed 227 TWh of electricity in 2018. [1] The vast majority of South Africa's electricity was produced from coal, with the fuel responsible for 88% of production in 2017. [2] South Africa is the 7th largest coal producer in the world. [2]
Almost 90% of South Africa's exports to the rest of Africa go to the SADC economies. In 2018, South Africa exported and imported goods to and from the rest of Africa to the value of US$25 billion and US$11.5 billion, respectively. Intra-Africa exports account for 26% of South Africa's total exports and imports for 12% of total imports for 2018.
The Dept. of Trade and Industry (DTI), which administers South Africa’s struggling rebate system, has only recently begun to address a backlog of payments that has seen some producers waiting as ...
Development of agricultural output of South Africa in 2015 US$ since 1961 A windpump on a farm in South Africa.. Agriculture in South Africa contributes around 5% of formal employment, relatively low compared to other parts of Africa and the number is still decreasing, [1] as well as providing work for casual laborers and contributing around 2.6 percent of GDP for the nation. [2]
Although this only represents 12.4% of the total land used for agriculture in South Africa, the Western Cape produces 55% to 60% of South Africa’s agricultural exports, valued at more than R7 billion [50] (US$1 billion) [51] a year. In 2008, the sector was also one of the fastest growing of the economy, expanding by 10.6%. [37]