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The performance of this sector remains curtailed by the low demand in South Africa's main export markets in the developed world. [100] There is growth in some areas, such as the Space industry in South Africa, which is expected to see an increase in Space industry jobs, and jobs in supporting technology and manufacturing sectors.
The Department of Trade, Industry and Competition (DTIC) has a mandate to develop the South African economy. They envision a dynamic, industrial and globally competitive economy, that is inclusive, offers decent employment and equity. [ 1 ]
The Government of South Africa, or South African Government, is the national government of the Republic of South Africa, a parliamentary republic with a three-tier system of government and an independent judiciary, operating in a parliamentary system. Legislative authority is held by the Parliament of South Africa.
In South Africa the Department of Public Enterprises is the shareholder representative of the South African Government [1] with oversight responsibility for state-owned enterprises in key sectors. Some companies are not directly controlled by the Department of Public Enterprises, but by various other departments.
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.
As South Africa marks three decades since its first democratic elections, a historic moment that dismantled the apartheid system and ushered in Black-majority rule, the country is at a crossroads.
The 1930s and 1940s saw the rapid industrialisation of the country as it supplied the mining industry and the government invested in major projects to protect white employment. South Africa not only had gold and diamonds but vast quantities of iron, coal and many other minerals. Agriculture diminished in importance as mining and then industry grew.
The minister of trade, industry and competition is a minister in the Cabinet of South Africa. The portfolio of Trade, Industry and Competition, formed in May 2019, has brought together the former Ministry of Trade and Industry and Ministry of Economic Development. The minister is responsible for the development and implementation of industrial ...