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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. South African exports to the rest of Africa are predominantly of value-added goods.
The economy of South Africa is a mixed economy, emerging market, and upper-middle-income economy, one of only eight such countries in Africa. [26][27][28] The economy is the most industrialised, technologically advanced, and diversified in Africa. [29] Following 1996, at the end of over twelve years of international sanctions, South Africa's ...
In 2018, South Africa produced 19.3 million tonnes of sugarcane (14th largest producer in the world), 12.5 million tonnes of maize (12th largest producer in the world) 1.9 million tons of grape (11th largest producer in the world), 1.7 million tons of orange (11th largest producer in the world) and 397 thousand tons of pear (7th largest producer in the world).
R 4.19 billion (2024) Number of employees. 8,600 [ 3 ] Parent. Premier Group Limited [ 3 ] Website. www.premierfmcg.com. Premier FMCG (Pty) Ltd, commonly referred to as Premier, is a South African food manufacturer. The company is headquartered in Waterfall City, Midrand, just north of Johannesburg.
It operates in South Africa as well as two other African countries and exports a number of its brands globally. The company's core business is the production, distribution, marketing and selling of a diverse range of food, beverages and related products. The group employs approximately 8600 permanent employees.
In 2016 the economy grew by 2.7% with an annual inflation rate of 6.3%. [3] The province accounts for 14% of South Africa's total GDP with Cape Town accounting for 9.9% of the country's total GDP in 2016. [3] The Western Cape has a GDP per capita of R97,664 in comparison to the South African average of R81,875 per capita in 2017. [10]
The economy of Africa consists of the trade, industry, agriculture, and human resources of the continent. As of 2019, approximately 1.3 billion people [ 11 ] were living in 53 countries in Africa. Africa is a resource-rich continent. [ 12 ][ 13 ] Recent growth has been due to growth in sales, commodities, services, and manufacturing. [ 14 ]
Despite declining production, South Africa's gold exports were valued at US$3.8 billion in 2005. [24] As of end-2018, South Africa had a potential 6000 tonnes of reserves. [25] In July 2018, the Mineral Council of South Africa announced that 75% of mines in South Africa were now unprofitable due to the declining gold reserves. [26]