South Africa is, together with Nigeria and Sudan, the big regional power of the African continent due to his political influence, top coat and economic. We are talking about a country that has an evolution in many aspects for example; one of the most important aspects to mention is the abolishment of the Apartheid. Furthermore in one month there will be the world cup taking place in South Africa and the recently the award of Honorary Doctor was given to Nelson Mandela in our university, and also the fact, that South Africa was the only African country in the G-20. It has the biggest economic power regarding the whole African continent.
As you can see there are a lot of things going on in South Africa right now. Often when people think about South Africa they only think of violence, criminality and poverty. Of course, those are issues South Africa has to deal with as well but in the last years South Africa is going through a great development. It is getting a very important and strong country.
This is even more shown because nowadays other nations such as China, Russia, India and Brazil are very interested in South Africa because they see in South Africa an opportunity of sure investment, that they have the best infrastructure and system of banking compared to all other countries on the continent. Other nations start to realize as well that there is a big development taking place.
In addition there will be many advantages next to the economy, as the abundant offer of resources, a financial system and juridical developed good, transports (international airports, the one of Johannesburg or Durban, or big marine ports in the cities of Durban, Cape Town and Port Elizabeth). Such values just mentioned above, the democracy, the human rights, the respect of the Constitutional state and the good gobernanza, the tolerance, the equality, the commitment in the struggle against the poverty and the social exclusion, the promotion of the sustainable development, and a modern infrastructure of support for a deficient distribution of goods to the principal urban centers along the whole region.
With a GDP of 9.761 ($) for inhabitant, it represents the fourth part of the whole African continent. 92 % of the companies are registered on the stock market together with the big companies of the whole world like BMW, Acer, Alcatel and General Electric’s. Those companies have created an associated company in South Africa. Also, it is important to keep in mind that this development is not only reflected inside the country but you can also see improvements and increasing growth in a positive way between the neighboring countries and the rest of the continent. This means that if South Africa grows 1 %, his neighbors will grow 0, 4 %.
That shows clearly that if the development of South Africa is stainable than also the neighbor countries will improve further. Nevertheless, the growth of South Africa has an impact of 0,75 % not only for the surrounded countries, but also in the whole region Sub-Saharan. This shows that South Africa has an enormous impact regarding the growth for whole Africa, like the United States of America are for the rest of world. It is vital for South Africa and the whole region around South Africa to make sure that this growth continues in the same way, according to a report of the World Bank.
The president of Uganda, Yoweri Museveni, wants to obtain benefits from the south-africanian economy and as a result to strengthen its own political stability. According to a study of the Group Steadman, specialist in Namibia, is South Africa a country with average income and with a democratic government that offers a good economic management, basic freedom and political stability. In addition South Africa has a good functioning infrastructure and rich mineral resources.
In the past South Africa received loans in large quantities. Today, nevertheless, the population is convicted to pay debts contracted by previous governments that were accumulating enormous private fortunes. The problem for countries South Africa is that, on not having had a strong currency, when they try to pay his debts they must pay more money in his national currency than in the moment to contract the debt.
The life expectancy in South Africa is between 53 and 60 years, major than other countries as Ethiopia, Chad or Níger. But only 13 % of the South African population lives in "first world” conditions, almost 50 % lives in conditions of developing countries. In this big group only one fourth has access to electricity and running water, only half they has access to a primary education, and more than one third of the children suffer from chronic undernourishment. And so, although the economy of South Africa is in rise, and even more with the World cup of soccer, this next summer, which will suppose an important injection of money for the country, most of the African population face a hard life with not many possibilities to improve. As Nelson Mandela said, “After climbing a big hill, one meets only that there are many more hills that to climb.” A better form does not exist to define the current socioeconomic situation in this marvelous country.
Publicado por jmperedo