South Africa's economical system is one of the most developed in the continent. ( in fact, the second after Namibia). The country had an amazing grow after 1994 and is trying to leave apartheid behind. Inflation was controlled, opportunities were equal, foreign capital was attracted.
As for trade partners, South Africa does businesses with Germany, China, Japan, the United States and Spain.
Over 45% of the electricity of Africa is generated in South Africa and an important sector is tourism. Cape Town is ranked as the first world destination.
However, unemployment rate is high ( more than 25%)
As far as literacy rate, in 2015, it was over 94%.
Explanation:
If you shop online, you don't know whether the item that you're purchasing is real or fake and you won't know if it will arrive broken or intact while if you shop in a traditional environment, you will for sure know that the item your buying is 100 percent authentic and that it's in new condition.
Some of the contracts include;
Land-contracts related to land sale, mortgage and purchasing real estate must be in writing.
other contracts include,contracts to be responsible for someone else's debt,contracts last more than a year,sales of goods in excess of $500.
