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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. [ 31 ] [ 32 ] [ 33 ] The economy is the most industrialised, technologically advanced, and diversified in Africa. [ 34 ]
Almost 90% of South Africa's exports to the rest of Africa go to the SADC economies. 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.
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]
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.
South Africa's energy crisis (or load shedding) is an ongoing period of widespread national blackouts of electricity supply. It began in the later months of 2007 towards the end of Thabo Mbeki 's second term as president, and continues to the present.
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 top ten stock exchanges in Africa by stock capital are (amounts are given in billions of United States dollars): [201] but nowadays there are around 29 stock exchanges in Africa: South Africa (82.88)(2014) [202] Egypt ($73.04 billion (30 November 2014 est.)) [203] Morocco (5.18)
South Africa has long been seen as a leading representative of the African continent in the world, and on Dec. 1 it assumes the prominent presidency of the Group of 20 nations — 20 leading rich ...