An Analysis of South African Economy

This reconstruction of cities is another reason for both spatial and social segregation. This aids the increase in the economy and thus South Africa would be recognized globally economically. As the South African economy becomes global, migrants flock to the city centers for better prospects. The migrants offer unskilled labour at a much lower wage price than South Africans. (Lemanski, 2007) The reconstructions often make the rich richer and the poor poorer, and therefore it is often found that these migrants get the jobs over South Africans, as they are willing to work for ‘peanuts’.

problem at hand is the rising rate of unemployment. This problem must be dealt with

The manufacturing sector in South Africa’s economy continues to hold a significant share of the economy

According to Farlam (2005) and Schönteich (2007, the South African government saw PPPs as a way to radically improve/enhance infrastructure and service delivery to its people and as a way to redress the inequalities that were evident. To this end, they appointed a task team to develop legislative, policy and a framework for PPPs (PPP Unit). As a result, a PPP Unit was established in National Treasury. Schönteich (2007) remarks that as a way of redressing inequalities and social imbalances, the PPP framework incorporates Broad Based Black Economic Empowerment (BBBEE) regulatory requirements to ensure that previously disadvantaged blacks participate in PPPs projects and this shows government’s sincerity and strong commitment to making PPPs work.

The most significant challenge for my generation is to provide a solution to the great economic question: How to provide for the unlimited wants of the people with the limited resources available. The single greatest issue in the world is poverty, and the damages in society that result from the lack of resources, whether in education, the workforce, or simply a lack of food and water.

When it comes to South Africa, the nation remains a land of intrigue. Moreover, the nation remains filled with beautiful forestry and beautiful people. In fact, South Africa remains one of the most developed nations in all of Africa. However, it remains conventional wisdom that South Africa has faced and currently faces numerous challenges. To begin, South Africa is still healing from its brutal history of apartheid. During this time, millions of black South Africans remained disenfranchised from their own country. Moreover, South Africa remains a place with one of the world's highest HIV/AIDS rate. Therefore, numerous people that live in South Africa remain orphaned by the lasting effects disease. Fortunately, companies such as Ubuntu exist.

The international and regional business cycles refer to fluctuations in the level of economic activity in the respective global and regional economy over time. SA’s high protection and corruption in the 1980s meant that the business cycle did not strongly affect it at this time. However, since SA’s trade intensity has increased (exports now account for 27% of its GDP) and its export base diversified, it has had a growing dependence on other countries. Globally, SA’s reliance on foreign funding for domestic investment meant that the GFC devastated the economy, with a -1.8% growth in GDP experienced in 2009 as opposed to 3.7% in 2008 highlighting the impact of the international business cycle on SA. Regionally, SA has taken a leading role in Africa, being a leader in the “New Partnership for Africa’s Development” program to enhance growth and development in the region, and exporting about 1/3 of its exports to

Although growth has been slow in comparison to the rest of the world increases in FDI, social enterprise and the manufacturing sector suggest that there is hope for the continent; with historical social unrest and political deviance thus far preventing wide-spread economic growth and development.

Many of the contemporary issues in South Africa can easily be associated with the apartheid laws which devastated the country. The people of South Africa struggle day by day to reverse “the most cruel, yet well-crafted,” horrific tactic “of social engineering.” The concept behind apartheid emerged in 1948 when the nationalist party took over government, and the all-white government enforced “racial segregation under a system of legislation” . The central issues stem from 50 years of apartheid include poverty, income inequality, land ownership rates and many other long term affects that still plague the brunt of the South African population while the small white minority still enjoy much of the wealth, most of the land and opportunities

The WHO hopes that the disease will subside in the remaining West African countries. There has been significant progress in Liberia and some progress in Guinea. The WHO is concerned, despite this progress, because they fear the international community will stop sending their support. Dr. Bruce Aylward, the WHO assistant director-general, told reporters that the virus can be stopped, but it will take more work and support in order to do so (Cumming-Bruce). This is one example of the WHO communicating to the media, but more outreach to the public is needed.

South Africa is known for its extreme levels of income inequality because referring to 2016 statistics it's found that 10 percent of the total population earn around 55%-60% of total income in the country. In relation to more developed countries they tend to be around levels of 20-35%. Also, another interesting statistic to refer to was, according to a new tax and survey found that under 10% of the South African population owns at least 90-95% of all available assets which is big enough of a shock factor for a lessor informed person to understand the truly grave situation that the South African economy is under. The next 40% population the group that is often considered to be the middle class earn around 30-35% of all income, but only own 5-10% of all wealth which is incredibly low for the so called “middle class”.

In the ideal world, everyone throughout the world would have equal rights, opportunities and access to information and basic services. Unfortunately for many, social injustice and inequalities do exist. There are great disparities between the rich and poor in many countries around the world. There are many countries that struggle to address the issue of social justice and inequality sufficiently. As a country, South Africa is one of those that display stark differences between the wealthy and the poor. With a history as rich as South Africa’s, alleviating this issue is one that is extremely complicated and impossible to solve overnight. For South Africa, inequalities have sprung from the racial and social exclusion of majority of the population. The apartheid era brought about great inequalities through forced removals and racial subjected disadvantages of black South Africans. Unlike many other countries, South Africa’s racial history is one that was brought about through institutional changes and enforced rules and regulations. One such case of displayed inequalities is in the Dwesa-Cwebe region.

Caltex plant was established in South Africa in 1977 after the owners decided to expand its operations in South Africa. The construction of the plant brought controversy over the interested parties, there were two dimensions of the utilitarian benefits of the Caltex plant, and there were violations of the justice and of moral rights whereas on the other side there were possible benefits to the South Africans. The plant setup was helpful in that it provided job opportunities to majority of South African blacks, for their families and dependants. By 1976, American companies in south Africa had employed more than 60,000 people, this ensured that they had something to rely on for their survival, another benefit is that Caltex provided support

In addition, there was a decline in middle-income, blue-collar jobs of the manufacturing sector. It can be argued that however, the growth of employment in the ‘clerks’ and ‘service workers and shop and market sales workers’ (see table 1) contradicts the theory. This occupational group mainly consists of middle-income occupation and their growth made up for the loss of those in the middle-income manufacturing sector. It can be concluded that although Cape Town has seen a marginally polarizing employment growth (Borel-Saladin, Crankshaw, 2009; 658) in the past twenty years, it has not seen an absolute decline in middle-income employment and therefore does not agree with the social polarizing thesis.

Although my country is facing a lot of internal and external challenges, it remains steadfast, thanks to the wise policy that instilled confidence in our hearts, but there are some problems that can happen in a lot of developed countries, such as environmental , social and educational problems. Solving these problems helps to push vehicle of progress and civilization forward , so I will talk about three problems face my country .