Compare South Africa (2008) - South Africa (2007)

Compare South Africa (2008) z South Africa (2007)

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	South Africa (2008)	South Africa (2007)

Background	Dutch traders landed at the southern tip of modern day South Africa in 1652 and established a stopover point on the spice route between the Netherlands and the East, founding the city of Cape Town. After the British seized the Cape of Good Hope area in 1806, many of the Dutch settlers (the Boers) trekked north to found their own republics. The discovery of diamonds (1867) and gold (1886) spurred wealth and immigration and intensified the subjugation of the native inhabitants. The Boers resisted British encroachments but were defeated in the Boer War (1899-1902); however, the British and the Afrikaners, as the Boers became known, ruled together under the Union of South Africa. In 1948, the National Party was voted into power and instituted a policy of apartheid - the separate development of the races. The first multi-racial elections in 1994 brought an end to apartheid and ushered in black majority rule.	After the British seized the Cape of Good Hope area in 1806, many of the Dutch settlers (the Boers) trekked north to found their own republics. The discovery of diamonds (1867) and gold (1886) spurred wealth and immigration and intensified the subjugation of the native inhabitants. The Boers resisted British encroachments but were defeated in the Boer War (1899-1902). The resulting Union of South Africa operated under a policy of apartheid - the separate development of the races. The 1990s brought an end to apartheid politically and ushered in black majority rule.
Budget	revenues: $68.2 billion expenditures: $66.7 billion (2007 est.)	revenues: $69.22 billion expenditures: $67.78 billion (2006 est.)
Debt - external	$64.8 billion (30 September 2007)	$31.84 billion (2006 est.)
Economy - overview	South Africa is a middle-income, emerging market with an abundant supply of natural resources; well-developed financial, legal, communications, energy, and transport sectors; a stock exchange that is 17th largest in the world; and modern infrastructure supporting an efficient distribution of goods to major urban centers throughout the region. Growth has been robust since 2004, as South Africa has reaped the benefits of macroeconomic stability and a global commodities boom. However, unemployment remains high and outdated infrastructure has constrained growth. At the end of 2007, South Africa began to experience an electricity crisis because state power supplier Eskom suffered supply problems with aged plants, necessitating "load-shedding" cuts to residents and businesses in the major cities. Daunting economic problems remain from the apartheid era - especially poverty, lack of economic empowerment among the disadvantaged groups, and a shortage of public transportation. South African economic policy is fiscally conservative but pragmatic, focusing on controlling inflation, maintaining a budget surplus, and using state-owned enterprises to deliver basic services to low-income areas as a means to increase job growth and household income.	South Africa is a middle-income, emerging market with an abundant supply of natural resources; well-developed financial, legal, communications, energy, and transport sectors; a stock exchange that ranks among the 10 largest in the world; and a modern infrastructure supporting an efficient distribution of goods to major urban centers throughout the region. However, growth has not been strong enough to lower South Africa's high unemployment rate, and daunting economic problems remain from the apartheid era - especially poverty and lack of economic empowerment among the disadvantaged groups. South African economic policy is fiscally conservative but pragmatic focusing on targeting inflation and liberalizing trade as means to increase job growth and household income.
Electricity - consumption	241.4 billion kWh (2007)	210.7 billion kWh (2005)
Electricity - imports	11.32 billion kWh (2007)	11.08 billion kWh (2005)
Electricity - production	264 billion kWh (2007)	228.3 billion kWh (2005)
Exchange rates	rand per US dollar - 7.05 (2007), 6.7649 (2006), 6.3593 (2005), 6.4597 (2004), 7.5648 (2003)	rand per US dollar - 6.7649 (2006), 6.3593 (2005), 6.4597 (2004), 7.5648 (2003), 10.5407 (2002)
Exports	217,700 bbl/day (2004)	NA bbl/day
GDP - composition by sector	agriculture: 2.2% industry: 27% services: 70.9% (2007 est.)	agriculture: 2.7% industry: 30.9% services: 66.4% (2006 est.)
GDP - real growth rate	5% (2007 est.)	5% (2006 est.)
Imports	319,000 bbl/day (2006 est.)	398,000 bbl/day (2006)
Independence	31 May 1910 (Union of South Africa formed from four British colonies: Cape Colony, Natal, Transvaal, and Orange Free State); 31 May 1961 (republic declared) 27 April 1994 (majority rule)	31 May 1910 (Union of South Africa formed from four British colonies: Cape Colony, Natal, Transvaal, and Orange Free State); 31 May 1961 (republic declared)
Industrial production growth rate	6.2% (2007 est.)	7.1% (2006 est.)
Inflation rate (consumer prices)	6.5% (2007 est.)	4.6% (2006 est.)
International organization participation	ACP, AfDB, AU, BIS, C, FAO, G-24, G-77, IAEA, IBRD, ICAO, ICC, ICCt, ICRM, IDA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC, MIGA, MONUC, NAM, NSG, OPCW, PCA, SACU, SADC, UN, UN Security Council (temporary), UNAMID, UNCTAD, UNESCO, UNHCR, UNIDO, UNITAR, UNMEE, UNWTO, UPU, WCL, WCO, WFTU, WHO, WIPO, WMO, WTO, ZC	ACP, AfDB, AU, BIS, C, FAO, G-24, G-77, IAEA, IBRD, ICAO, ICC, ICCt, ICRM, IDA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC, MIGA, MONUC, NAM, NSG, ONUB, OPCW, PCA, SACU, SADC, UN, UNCTAD, UNESCO, UNHCR, UNIDO, UNITAR, UNMEE, UNWTO, UPU, WCL, WCO, WFTU, WHO, WIPO, WMO, WTO, ZC
Labor force	20.49 million economically active (2007 est.)	16.96 million economically active (2006 est.)
Labor force - by occupation	agriculture: 9% industry: 26% services: 65% (2007 est.)	agriculture: 30% industry: 25% services: 45% (1999 est.)
Pipelines	condensate 100 km; gas 1,177 km; oil 992 km; refined products 1,379 km (2007)	condensate 100 km; gas 1,062 km; oil 966 km; refined products 1,354 km (2006)
Political parties and leaders	African Christian Democratic Party or ACDP [Kenneth MESHOE]; African National Congress or ANC [Jacob ZUMA]; Democratic Alliance or DA [Helen ZILLE]; Freedom Front Plus or FF+ [Pieter MULDER]; Inkatha Freedom Party or IFP [Mangosuthu BUTHELEZI]; New National Party or NNP; Pan-Africanist Congress or PAC [Motsoko PHEKO]; United Democratic Movement or UDM [Bantu HOLOMISA]	African Christian Democratic Party or ACDP [Kenneth MESHOE]; African National Congress or ANC [Thabo MBEKI]; Democratic Alliance or DA [Helen ZILLE]; Freedom Front Plus or FF+ [Pieter MULDER]; Inkatha Freedom Party or IFP [Mangosuthu BUTHELEZI]; New National Party or NNP; Pan-Africanist Congress or PAC [Motsoko PHEKO]; United Democratic Movement or UDM [Bantu HOLOMISA]
Telephone system	general assessment: the system is the best developed and most modern in Africa domestic: combined fixed-line and mobile-cellular teledensity roughly 100 telephones per 100 persons; consists of carrier-equipped open-wire lines, coaxial cables, microwave radio relay links, fiber-optic cable, radiotelephone communication stations, and wireless local loops; key centers are Bloemfontein, Cape Town, Durban, Johannesburg, Port Elizabeth, and Pretoria international: country code - 27; the SAT-3/WASC and SAFE fiber optic cable systems connect in South Africa providing connectivity to Europe and Asia; satellite earth stations - 3 Intelsat (1 Indian Ocean and 2 Atlantic Ocean)	general assessment: the system is the best developed and most modern in Africa domestic: consists of carrier-equipped open-wire lines, coaxial cables, microwave radio relay links, fiber-optic cable, radiotelephone communication stations, and wireless local loops; key centers are Bloemfontein, Cape Town, Durban, Johannesburg, Port Elizabeth, and Pretoria international: country code - 27; 2 submarine cables; satellite earth stations - 3 Intelsat (1 Indian Ocean and 2 Atlantic Ocean)
Unemployment rate	24.2% (2007 est.)	25.5% (2006 est.)

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