Economic History and Growth of the Of South Africa

Economic History and Growth of the Of South Africa

Introduction

The Republic of South Africa is a country on the southern tip of Africa and a regional economic power. South Africa is an ethnically mixed country where people of all colours live and that are because of this variety often referred to as the rainbow nation. South Africa is situated in the south of Africa. It has nine Provinces with 2,798 kilometres (1,739 mi) of coastline on the Atlantic and Indian oceans. The north site of the South Africa lies in the neighbour of Namibia, Botswana and Zimbabwe. Nelson Mandela is a political South African, the first president to be elected (1994 to 1999). Before his presidency, Mandela was an anti-apartheid activist, the armed wing of the African National Congress (ANC).

Nelson Mandela was imprisoned in the prison, where he remained for eighteen of his twenty-seven years in prison. While in jail, his reputation grew and became known as the most important black leader in South Africa.

The Economy of South Africa is the largest of Africa and one of the most important in the Southern Hemisphere. South Africa is today one of the advanced developing countries considered, and some urban areas already have the infrastructure of a typical industrial country. Still shows large parts of the country the characteristics of a developing country, and more than a third of all South Africans now living under the poverty line. South Africa in the years after the general election of 1994 in the direction of a free market economy is moving, also its social responsibility towards the less fortunate recognized. The transformation of the economy is not yet concluded, and the government currently focuses mainly on combating poverty and unemployment (Beinart, 2001).

Africa can date its civilization from the earliest evolution of man. By around a million years ago Homo erectus became the first hominid to leave Africa and colonize the whole Old World, and Homo sapiens existed in southern and eastern Africa between 100,000 and 150,000 years ago. The north of Africa came to be dominated by the literate cultures of ancient Egypt, Greece and Rome, Judaism, Christianity, and Islam, the last of which expanded across the whole of the northern part of the continent in the seventh century. These regions north of the Sahara therefore developed differently and independently from the Sudanic and other civilizations in the south. They also have well-preserved histories, providing valuable resources for historians.

The evidence of human presence in South Africa dates from at least two million years. The archaeological remains found, dated to 40,000 years, shows the existence of a continuous culture, that of Khoisan people, who alone inhabited the region until the arrival from the north, from the tenth century, peoples of Bantu languages ??and of the first European settlements in the south, from the seventeenth century. The arrival of both and the appropriation of the best arable land or pasture, led to the gradual displacement of the indigenous ...