General Information on South Africa
GDP: South Africa’s GDP for 2017 was USD349 billion. The manufacturing, agriculture and mining sectors are historical major contributors to South Africa’s (SA) economy, albeit on a decline path. The main contributors to the 2017 increase in economic activity were agriculture, mining and financial services. SA’s economy grew by 1.3% in 2017 compared to 0.6% in 2016 (Statistics South Africa: Statistics Release – Gross Domestic Product (Fourth Quarter, 2017). A 2.2% GDP growth in the third quarter of 2018 got SA moving out of a technical recession. In the fourth quarter of 2018, rating agencies S&P and Fitch kept SA credit rating at sub-investment grade.
Social policy: SA’s social policy was historically influenced by institutionalized racism and segregation policies which discriminated against Africans. Since 1994, the postapartheid government introduced a regime of redistributional social policies centered around social security, affordable housing,...
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Malatji, L. (2019). South Africa: Mineral Policy. In: Tiess, G., Majumder, T., Cameron, P. (eds) Encyclopedia of Mineral and Energy Policy. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-40871-7_170-1
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DOI: https://doi.org/10.1007/978-3-642-40871-7_170-1
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