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In South Africa, this idea is known as the first (capitalist, high-profit industries) and second (underdeveloped) economies. [6] The first economy contributes to the majority of South Africa's wealth and is integrated within the world economy. The second economy consists of low-skilled and outdated jobs.
In 2020, South Africa's GINI coefficient was 62.73, the highest of any country, indicating a high-level of income inequality. [5] The top 20% of South Africa's population holds 70% of all income earned by the country, with this group consisting mainly of White South Africans. [6]
Statistics South Africa (frequently shortened to Stats SA) is the national statistical service of South Africa with the goal of producing timely, accurate and official statistics, in order to advance economic growth, development and democracy. To this end, Statistics South Africa produces official demographic, economic and social censuses and ...
Since the 1990s South Africa's malnutrition problem has remained fairly stable. [14] But as malnutrition in terms of hunger is getting better, the number of obesity is rising and this is becoming a problem. The prevalence of malnutrition in South Africa varies across different geographical areas and socio-economic groups. [14]
Increasing unemployment, lack of affordable housing, social disintegration, and social and economic policies have all been identified as contributing factors to the issue. [2] Some scholars argue that solutions to homelessness in South Africa lie more within the private sphere than in the legal and political spheres. [3]
General topics of focus include health issues, inflation issues, monetary and fiscal policy issues, regulatory issues and information on the South African Political Economy. According to the Journal Citation Reports , the journal has a 2016 impact factor of 0.685, ranking it 225th out of 347 journals in the category "Economics".
The economy of South Africa is the largest economy in Africa, it is a mixed economy, emerging market, and upper-middle-income economy, one of only eight such countries in Africa. [ 30 ] [ 31 ] [ 32 ] The economy is the most industrialised, technologically advanced, and diversified in Africa. [ 33 ]
Two South African Census workers collecting data for the national census. The South African National Census of 2022 is the 4th comprehensive census performed by Statistics South Africa (Stats SA). [1] The census results were released on 10 October 2023 and recorded a total of 62 million people in the country. [2] [3]