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PRETORIA (Reuters) -South Africa's economy eked out marginal growth of 0.1% in the final quarter of 2023, statistics agency data showed on Tuesday, in the last gross domestic product release ...
CAPE TOWN (Reuters) -President Cyril Ramaphosa pledged on Thursday to revive South Africa's flagging economy and extend prosperity to the many left out of it, by resuscitating factories and farms ...
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, [36] the economy of South Africa has diversified since the end of apartheid, particularly towards services. In 2019, the financial industry contributed US$41.4 billion to South Africa's GDP. [37]
While South Africa positions itself as a leading voice for its continent and for the wider developing world, that is undermined by its problems. South Africa has some of the world's highest rates of inequality and unemployment, which officially stands at 32% across the board and a dizzying 45% for young people between the ages of 15 and 34.
In 2019 the 17.1% of all South African taxpayers were located in the Western Cape; the province contributed 16.9% of the country's total taxable income thereby contributing to just under R 269.58 billion to the fiscus. [16] Below is a breakdown of the Western Cape governments 2021/22 budget.
South Africa's population of 64 million is about 8% white, official data shows. The statistics show that the percentage of Black people increases as the job level goes down to senior, professional ...
For example, South Africa has a Gini coefficient of 63 (highest), the United States is at 41.5, and Ukraine stands with a score of 25 (lowest). [3] Although Brazil and South Africa are often placed in the same category in terms of wealth and income inequality, Brazil has seen more positive results in recent years. In Brazil's case, its Gini ...
The cities Johannesburg, Midrand and Pretoria, which are all economic powerhouses, and Vanderbijlpark, which is an industrial powerhouse, [10] are all in Gauteng. Gauteng is home to the Johannesburg Stock Exchange , [ 11 ] the largest stock exchange in Africa, as well as the head offices of over 140 local and international banks. [ 7 ]