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Wealth Inequality In South Africa
South Africa is the most economically unequal country in the world, according to the World Bank. The difference between wealthy and poor in South Africa has been increasing steadily since the end of apartheid in 1994, and this inequality is closely linked to racial divisions in society. Background South Africa's Gini coefficient has remained high since 1982, and has proven to be noticeably higher than countries with similar characteristics. For example, South Africa has a Gini coefficient of 63 (highest), the United States is at 41.5 and Ukraine stands with a score of 25 (lowest). Although Brazil and South Africa are often placed in the same category in terms of wealth and income inequality, Brazil has seen more positive results in recent years. In Brazil's case, its Gini coefficient decreased from 59.3 in 2001 to 53.1 in 2011; this is double the rate of South Africa. The top 20% of the population in most countries holds a median of 47% of the income, whereas in South A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
South Africa
South Africa, officially the Republic of South Africa (RSA), is the southernmost country in Africa. It is bounded to the south by of coastline that stretch along the South Atlantic and Indian Oceans; to the north by the neighbouring countries of Namibia, Botswana, and Zimbabwe; and to the east and northeast by Mozambique and Eswatini. It also completely enclaves the country Lesotho. It is the southernmost country on the mainland of the Old World, and the second-most populous country located entirely south of the equator, after Tanzania. South Africa is a biodiversity hotspot, with unique biomes, plant and animal life. With over 60 million people, the country is the world's 24th-most populous nation and covers an area of . South Africa has three capital cities, with the executive, judicial and legislative branches of government based in Pretoria, Bloemfontein, and Cape Town respectively. The largest city is Johannesburg. About 80% of the population are Black South Afri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Indigenous People Of South Africa (other)
Racial groups in South Africa have a variety of origins. The racial categories introduced by Apartheid remain ingrained in South African society with South Africans and the South African government continuing to classify themselves, and each other, as belonging to one of the four defined race groups (Blacks, Whites, Coloureds and Indians). Statistics South Africa asks people to describe themselves in the census in terms of five racial population groups. The 2011 census figures for these categories were Black South African at 76.4%, White South African at 9.1%, Coloured South African at 8.9%, Indian South African at 2.5%, and Other/Unspecified at 0.5%. Statistics South Africa provided five racial categories by which people could classify themselves, the last of which, "unspecified/other" drew negligible responses, and these results were omitted. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Asian South Africans
Indian South Africans are South Africans who descend from indentured labourers and free migrants who arrived from British India during the late 1800s and early 1900s. The majority live in and around the city of Durban, making it one of the largest "Indian" populated cities outside of India. As a consequence of the policies of apartheid, ''Indian'' (synonymous with ''Asian)'' is regarded as a race group in South Africa. Racial identity During the colonial era, Indians were accorded the same subordinate status in South African society as Blacks were by the white minority, which held the vast majority of political power. During the period of apartheid from 1948 to 1994, Indian South Africans were called and often voluntarily accepted, terms which ranged from "Asians" to "Indians", and were legally classified as being members of a single racial group. Some Indian South Africans believed that these terms were improvements on the negatively defined identity of "Non-White", ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Coloureds
Coloureds ( af, Kleurlinge or , ) refers to members of multiracial ethnic communities in Southern Africa who may have ancestry from more than one of the various populations inhabiting the region, including African, European, and Asian. South Africa's Coloured people are regarded as having some of the most diverse genetic background. Because of the vast combination of genetics, different families and individuals within a family may have a variety of different physical features. ''Coloured'' was a legally defined racial classification during apartheid referring to anyone not white or not a member of one the aboriginal groups of Africa on a cultural basis, which effectively largely meant those people of colour not speaking any indigenous languages. In the Western Cape, a distinctive Cape Coloured and affiliated Cape Malay culture developed. In other parts of Southern Africa, people classified as Coloured were usually the descendants of individuals from two distinct ethnicities ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
COVID-19 Pandemic
The COVID-19 pandemic, also known as the coronavirus pandemic, is an ongoing global pandemic of coronavirus disease 2019 (COVID-19) caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). The novel virus was first identified in an outbreak in the Chinese city of Wuhan in December 2019. Attempts to contain it there failed, allowing the virus to spread to other areas of Asia and later worldwide. The World Health Organization (WHO) declared the outbreak a public health emergency of international concern on 30 January 2020, and a pandemic on 11 March 2020. As of , the pandemic had caused more than cases and confirmed deaths, making it one of the deadliest in history. COVID-19 symptoms range from undetectable to deadly, but most commonly include fever, dry cough, and fatigue. Severe illness is more likely in elderly patients and those with certain underlying medical conditions. COVID-19 transmits when people breathe in air contaminated by droplets and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Unemployment
Unemployment, according to the OECD (Organisation for Economic Co-operation and Development), is people above a specified age (usually 15) not being in paid employment or self-employment but currently available for Work (human activity), work during the reference period. Unemployment is measured by the unemployment rate, which is the number of people who are unemployed as a percentage of the labour force (the total number of people employed added to those unemployed). Unemployment can have many sources, such as the following: * new technology, technologies and inventions * the status of the economy, which can be influenced by a recession * competition caused by globalization and international trade * Policy, policies of the government * regulation and market (economics), market Unemployment and the status of the economy can be influenced by a country through, for example, fiscal policy. Furthermore, the monetary authority of a country, such as the central bank, can influ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Statistics South Africa
Statistics South Africa (frequently shortened to Stats SA) is the national statistical service of South Africa with the goal of producing timely, accurate and official statistics, in order to advance economic growth, development and democracy. To this end, Statistics South Africa produces official demographic, economic and social censuses and surveys. To date Statistics South Africa has produced three censuses, in 1996, 2001 and 2011. Stats SA was previously known as the "Central Statistical Service", shortly after the end of apartheid and also it absorbed the statistical services of the former Transkei, Bophuthatswana, Venda and Ciskei. Surveys conducted * 1999 Survey of Activities of Young People, or the SAYP. * South African National Census of 2001 * 2007 Community Survey * South African National Census of 2011 * South African National Census of 2022 Criticism Statistics South Africa has been criticised for not producing accurate figures on immigration and inflat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services
Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer finance, consumer-finance companies, brokerage firm, stock brokerages, investment management, investment funds, individual asset managers, and some government-sponsored enterprises. History The term "financial services" became more prevalent in the United States partly as a result of the Gramm-Leach-Bliley Act, GrammLeachBliley Act of the late 1990s, which enabled different types of companies operating in the U.S. financial services industry at that time to merge. Companies usually have two distinct approaches to this new type of business. One approach would be a bank that simply buys an insurance company or an investment bank, keeps the original brands of the acquired firm, and adds the Takeover, acquisit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Trade
International trade is the exchange of capital, goods, and services across international borders or territories because there is a need or want of goods or services. (see: World economy) In most countries, such trade represents a significant share of gross domestic product (GDP). While international trade has existed throughout history (for example Uttarapatha, Silk Road, Amber Road, scramble for Africa, Atlantic slave trade, salt roads), its economic, social, and political importance has been on the rise in recent centuries. Carrying out trade at an international level is a complex process when compared to domestic trade. When trade takes place between two or more states factors like currency, government policies, economy, judicial system, laws, and markets influence trade. To ease and justify the process of trade between countries of different economic standing in the modern era, some international economic organizations were formed, such as the World Trade Organization ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Globalization
Globalization, or globalisation (Commonwealth English; see spelling differences), is the process of interaction and integration among people, companies, and governments worldwide. The term ''globalization'' first appeared in the early 20th century (supplanting an earlier French term ''mondialization''), developed its current meaning some time in the second half of the 20th century, and came into popular use in the 1990s to describe the unprecedented international connectivity of the post-Cold War world. Its origins can be traced back to 18th and 19th centuries due to advances in transportation and communications technology. This increase in global interactions has caused a growth in international trade and the exchange of ideas, beliefs, and culture. Globalization is primarily an economic process of interaction and integration that is associated with social and cultural aspects. However, disputes and international diplomacy are also large parts of the history of globalizat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Agriculture In South Africa
Agriculture in South Africa contributes around 5% of formal employment, relatively low compared to other parts of Africa and the number is still decreasing, as well as providing work for casual laborers and contributing around 2.6 percent of GDP for the nation.Human Rights Watch, 2001Unequal Protection The State Response to Violent Crime on South African Farms, . Due to the aridity of the land, only 13.5 percent can be used for crop production, and only 3 percent is considered high potential land. According to FAOSTAT, South Africa is one of the world's largest producers of: chicory roots (4th); grapefruit (4th); cereals (5th); green maize and maize (7th); castor oil seed (9th); pears (9th); sisal (10th); fibre crops (10th). The dairy industry consists of around 4,300 milk producers providing employment for 60,000 farm workers and contributing to the livelihoods of around 40,000 others. The South African government has set a target of transferring 30% of productive farmland t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mining Industry Of South Africa
Mining in South Africa was once the main driving force behind the history and development of Africa's most advanced and richest economy. Large-scale and profitable mining started with the discovery of a diamond on the banks of the Orange River in 1867 by Erasmus Jacobs and the subsequent discovery and exploitation of the Kimberley pipes a few years later. Gold rushes to Pilgrim's Rest and Barberton were precursors to the biggest discovery of all, the Main Reef/Main Reef Leader on Gerhardus Oosthuizen's farm Langlaagte, Portion C, in 1886, the Witwatersrand Gold Rush and the subsequent rapid development of the gold field there, the biggest of them all. Diamond and gold production are now well down from their peaks, though South Africa is still number 5 in gold but remains a cornucopia of mineral riches. It is the world's largest producer of chrome, manganese, platinum, vanadium and vermiculite. It is the second largest producer of ilmenite, palladium, rutile and zirconium. It ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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