Closure

Since attaining democracy in 1994, South Africa has been one of the most productive countries in Africa. It’s economy has been growing at almost 5% a year for the past several years. This economic growth aids the unemployment and poverty that negatively affects all of Africa. With nearly ¼ of South Africa’s labor force currently unemployed, South Africa has implemented several programs geared towards creating and sustaining jobs within the country.   Such polices include developing infrastructure to upgrade and build railway lines, harbours, ports, and roads. Increasingly, production is becoming more globally oriented, and South Africa is branching out to foreign countries and forming integral parts of supply chains. To promote continued economic growth, South Africa relies on the free market system and plans to tear down any existing barriers to trade, especially those faced by South African exporters.  To promote sustainable growth, South Africa’s global economic strategy focuses on all of Africa and a strong developmental agenda with foreign powers.