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The economy of South Africa is a mixed economy, emerging market, and upper-middle-income economy, one of only eight such countries in Africa. [25] [26] [27] The economy is the most industrialized, technologically advanced, and diversified in Africa. [28] Following 1996, at the end of over twelve years of international sanctions, South Africa's ...
Sub-Saharan Africa is a major producer of gold, producing up to 30% of global production. Major suppliers are South Africa, Ghana, Zimbabwe, Tanzania, Guinea, and Mali. South Africa had been first in the world in terms of gold production since 1905, but in 2007 it moved to second place, according to GFMS, the precious metals consultancy.
They have been joined by black or white South African converts as well as immigrants from other parts of Africa. South African Muslims claim that their faith is the fastest-growing religion of conversion in the country, with the number of black Muslims growing sixfold, from 12,000 in 1991 to 74,700 in 2004.
Black Economic Empowerment ( BEE) is a policy of the South African government which aims to facilitate broader participation in the economy by black people. A form of affirmative action, it is intended especially to redress the inequalities created by apartheid. The policy provides incentives – especially preferential treatment in government ...
South Africa's white population increased to over 3,408,000 by 1965, reached 4,050,000 in 1973, and peaked at 5,044,000 in 1990. Density of White South Africans by district in 1922. The number of white South Africans resident in their home country began gradually declining between 1990 and the mid-2000s as a result of increased emigration.
For example, South Africa has a Gini coefficient of 63 (highest), the United States is at 41.5, and Ukraine stands with a score of 25 (lowest). Although Brazil and South Africa are often placed in the same category in terms of wealth and income inequality, Brazil has seen more positive results in recent years. In Brazil's case, its Gini ...
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