Question

ECONOMICS GRADE 10 CASE STUDY TOPIC: South African growth and development: Mining and industry Manufacturing and services.​

Answer 1

The correct answe is South Africa - Economic Growth and Development:

After the formal end of the previous apartheid system two decades ago, South Africa can now boast having one of the richest economies in Africa and a well-functioning democracy. It is the largest economy in Africa, but it also has deeply ingrained structural issues that limit its ability to expand and flourish.

One of the largest economies on the African continent is that of South Africa. However, despite a period of rapid development from 2003 to 2007, its real GDP average yearly growth rate between 2001 and 2010 has been very weak and unquestionably significantly below the African average. A number of African nations have had substantially faster growth rates, which has improved a number of development-related indices.

By the standards of the recent growth records of several Euro Zone nations, South Africa's development is hardly sluggish! One crucial aspect of the economy is that South Africa has achieved relatively modest progress in meeting a number of important development targets and some of the Millennium Development Goals, but her economy does not appear to have achieved the "take-off" required to kick start significant development progress, especially against the backdrop of her deep social problems.

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