South Africa’s GDP, which stood at R2.96trn ($362.3bn) in nominal terms in 2011, took a significant hit at the start of the global economic slowdown, contracting by 6.3% in the first quarter of 2009. Since then it has improved noticeably, with real growth rising to 2.9% in 2010 and to 3.1% in 2011. The country’s recovery from the recession has resulted primarily from domestic consumption, both...
Africa Economy
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Chapter | Country Profile from The Report: South Africa 2012
This section outlines South Africa’s history, culture, geography and economy.
South Africa lies on the southern tip of Africa, occupying 1.22m sq km with some 2800 km of coastline along the Atlantic and Indian Oceans. The so-called “Rainbow Nation” has a population of around 50.5m and is a melting pot of ethnicities, cultures and languages that reflect its rich and tumultuous history.
Containing key information about the Country, this chapter will introduce you to OBGs coverage of South Africa and give you an overview of the region.