SOUTH AFRICA HISTORY
In the history of South Africa, the earliest known settlers of the country were the San and Khoekhoe people, collectively known as Khoisan. They were two distinct cultural groups.
The first Europeans to arrive in South Africa were the Portuguese Seafarers who initiated the sea route to India in 1488. They were soon followed by other Europeans since the late 16 th century
In 1815, the British took permanent control of the Cape colony and brought in more settlers
In 1910 South Africa got freedom from the British rule.The Union of South Africa was formed on 31 May 1910. The National Party came into power in 1948 and devised a harsh system of segregation known as ...view middle of the document...
Constitution: Entered into force February 3, 1997.
Branches: Executive--president (chief of state) elected to a 5-year term by the National Assembly.
Legislative--bicameral Parliament consisting of 490 members in two chambers. National Assembly (400 members) elected by a system of proportional representation. National Council of Provinces consisting of 90 delegates (10 from each province) and 10 nonvoting delegates representing local government.
Judicial--Constitutional Court interprets and decides constitutional issues; Supreme Court of Appeal is the highest court for interpreting and deciding non-constitutional matters.
Administrative subdivisions: Nine provinces: Eastern Cape, Free State, Gauteng, KwaZulu-Natal, Mpumalanga, North-West, Northern Cape, Limpopo, Western Cape.
Political parties: African National Congress (ANC), Democratic Alliance (DA), Congress of the People (COPE), Inkatha Freedom Party (IFP), South African Communist party
Annual GDP growth between 2004 and 2007 averaged 5.0%, but fell to a rate of 3.1% in 2008 because of higher interest rates, power shortages, and weakening commodities prices. GDP contracted by 6.4% and 3%, seasonally adjusted and annualized, in the first and second quarter of 2009, respectively. South Africa is now in its first recession in 18 years, and analysts forecast negative real growth of about 2% in 2009.Unemployement rate was estimated at 23.6% in June 2009. Inflation averaged 11.3% in 2008. Increasing food and fuel prices pushed inflation above the upper end of the South African Reserve Bank’s (SARB’s) 3% to 6% inf. Inflation started to decline in 2009 and accounted for 6.4% in August 2009. The SARB’s most recent central inflation forecast projects that inflation will continue its downward trajectory and return to the 3% to 6% target range in the second quarter of 2010 and 2011. However, a fiscal deficit of 1.2% of GDP was recorded in FY2009, mainly due to the impact of weak domestic demand and the global economic crisis on tax revenues. The fiscal deficit is expected to increase to between 6% and 8% of GDP in FY2010.
South Africa has rich mineral resources.
• It is the world's largest producer and exporter of gold and platinum and also exports a significant amount of coal.
• the value added processing of minerals to produce fero alloys,stainless steels is a major industry and an important growth area. area.
• The country's diverse manufacturing industry is a world leader in several specialized sectors, including motor vehicles and parts, railway rolling stock, synthetic fuels, and mining equipment and machinery.
• Primary agriculture accounts for about 3% of the gross domestic product. Major crops include citrus and deciduous fruits, corn, wheat, dairy products, sugarcane, tobacco, wine, and wool. South Africa has many developed irrigation schemes and is a net exporter of food.
• GDP (2008): $277 billion.
Real GDP growth...