South Africa is the second-largest country in Africa with around 60 million residents. The country has a relatively stable economy and is an attractive destination for investment, trade, and business expansion.
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Country Profile - South Africa
Population: 57.8 mn
Gross Domestic Product (GDP): $301.92 bn
GDP Growth: 0.8%
Foreign Direct Investment (% of GDP): 1.5%
Unemployment Rate: 27.0 %
Capital: Pretoria, Bloemfontein, Cape Town
Currency: South African Rand
Languages: Afrikaans, English, Zulu, Northern Sotho, Xhosa, Southern Sotho, Venda, Tswana, Tsonga, Swati, Ndebele
South Africa's Economy
Considered to have a large, and young population, South Africa represents a regional economic and political power in the African continent. The country is abundant in natural resources such as gold, platinum, coal, rare metals among others, with developed services and a healthy financial market and banking system. An Economic Reconstruction and Recovery Plan was announced in October 2020 to fight the Covid-19 pandemic and relaunch the economic activities, imports and exports and ensure moderate growth.
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