The Business Post

29 février 2016

South Africa, a promising developing country

Counting for about 27 % of the GDP of sub-Saharan Africa and 60 % of that of the Southern Africa, South Africa is the 2nd economy of Africa after Nigeria but the most developed surout. If important progress was registered since the end by the Apartheid, in particular from the point of view of the reduction of the extreme poverty, the access to the electricity or the housing, the country still suffers profound social inequalities and is still marked by a strong racism.

The economy developed mainly around the exploitation of plentiful natural resources (gold, platinum, diamond, ferrochrome, coal), with the emergence of a powerful sector of services, in particular financial, the stock exchange of Johannesburg being the 1st of the continent and the 19th capitalization to the world. The part of the service sector financial so clearly progressed, from 17 % of the GDP in 1994 to 24 %. In particular, the banking sector establishes from now on, in the same way as the insurance sector, the main asset of the economy

At the same time, the part of the mining sector in the GDP was reduced, from 9 % in 1994 to 5 %. However, the mining industry always establishes one of the key sectors of the South African economy, half of the exports remaining established by primary products. In front of a mining sector losing momentum, as gave evidence of it the massive strikes of the 1st half-year 2014 in the industry of platinoïdes.

Besides the mining sector, the domestic consumption establishes traditionally one of the main engines of the growth, representing 60 % of the GDP. The emergence of a middle class, which has more that doubled during the last twenty years. The development of the middle class took place in a parallel to the obstinacy of an unemployment of mass, which still affects about 26 % of the working population.

 

The country has to assure from now on the transition of a mining economy towards a more diversified and more competitive economy. South Africa remains one of the the most promising developing countries thanks to the numerous resources which it has.

Chart-South-Africa-GDP_tcm2590-434538

Posté par thebusinesspost à 10:47 - Commentaires [0] - Permalien [#]


The independent Scotland ?

By divorcing with their English, Welsh and north-Irish cousins, the 5,3 million Scottish people come down of the world economic podium. The United Kingdom is the sixth gross domestic product of the planet today, while the Scotland appear only in the fiftieth rank, behind Ireland and Portugal. Can the Scotland take example on nearby Norway, the independence of which rests on its natural resources? If he wants to gain his economic independence, the new country will have to find its model of development.

The Scotland represents 10 % of the British GDP and 8,4 % of the population of the United Kingdom. She has the eighth GDP per capita of the OECD, in front of France and in front of the United Kingdom. The unemployment rate is lower than in the rest of the island of Great Britain there. And the country knows an important growth rate: 1,6 % in 2013. The cruises on Loch Ness and other tourist activities weigh 9 billion euros. The rural and island economy: 40 billions. The food industry and its famous "fried pizzas": 13 billion euros. The Scotland is the first producer of salmon in Europe and supplies 70 % of the fish in the United Kingdom. Highlands also abounds in ecological resources according to the hard-line Scottish people: 25 % of the potential of wind and tidal energy of Europe

Besides the beer, the Scotland also produces whisky 90 % of its production of which it exports. The adhesive tape sold outside the country weighs 5,4 billion euros, is the fifth one of its exports. It is its second stream of outer income, after the oil. Under Scottish waters of the North Sea, we find 98,8 % of the resources in hydrocarbons of the United Kingdom. However, the reserves run out - we evoke 2040 - and are more and more expensive to extract. In 2013, a simple strike in the sector filled the growth of all the Scotland in the last quarter.

It is to the real strategic choice that exposes itself the country, he can survive only thanks to his resources and hope for an increase of his economy without the United Kingdom?

Posté par thebusinesspost à 10:41 - Commentaires [0] - Permalien [#]