Question

Geography research based on South Africa's Significance of rejuvenation landscapes and expand on how they impact on economic​

Answer 1

After a decade of sluggish development, South Africa's economy was already in a precarious position when the epidemic struck. The economy increased by 0.1 percent in 2019, thanks in part to the revival of load shedding caused by operational and financial challenges at the energy provider Eskom. South Africa's economic recovery in 2021 will benefit from a positive global environment (expansion of trade partners and commodities prices). However, pre-existing structural constraints, such as electricity shortages, remain binding in the medium run. In 2021, economic growth is predicted to return to 4.0 percent. Commodity prices continue to be crucial for South Africa, which is a large net producer of minerals and a net importer of oil; nevertheless, increasing investment, notably foreign direct investment, will be critical to driving growth and creating jobs.