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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. [ 27 ] [ 28 ] [ 29 ] The economy is the most industrialised, technologically advanced, and diversified in Africa. [ 30 ]
Map of the Vaal Triangle region showing the geographic demarcation. The Vaal Triangle is a triangular area formed by Vereeniging, Vanderbijlpark and Sasolburg about 60 km south of Johannesburg, South Africa. [1] The area forms a substantial urban complex.
An industrial region or industrial area is a geographical region with extremely dense industry. It is usually heavily urbanized . Panorama of North Korea 's Kaesong Industrial Region.
Johannesburg is the economic and financial hub of South Africa, producing 16% of South Africa's gross domestic product, and accounts for 40% of Gauteng's economic activity. [citation needed] In a 2008 survey conducted by Mastercard, Johannesburg ranked 47 out of 50 top cities in the world as a worldwide centre of commerce (the only city in Africa).
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]
Epping is an industrial area of Cape Town that is situated to the south of Thornton, east of Pinelands and north of Langa. Epping Industria was first developed in the late 1940s. Industrial development was initially slow and in the early 1950s the circular Gunners Circle was used as a race track for cars.
South Africa, officially the Republic of South Africa (RSA), is the southernmost country in Africa.Its nine provinces are bounded to the south by 2,798 kilometres (1,739 miles) of coastline that stretches along the South Atlantic and Indian Ocean; [14] [15] [16] to the north by the neighbouring countries of Namibia, Botswana, and Zimbabwe; to the east and northeast by Mozambique and Eswatini ...
Although Gauteng is the smallest of South Africa's nine provinces—it covers a mere 1.5% of the country's total land area, [7] the province is responsible for a third of South Africa's gross domestic product (GDP). [44] Gauteng generates about 10% of the total GDP of sub-Saharan Africa and about 7% of total African GDP. [45]