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South Africa Research Paper

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The country of South Africa, of the Republic of South Africa officially, is appropriately the southern most country on the African continent. South Africa prominently shares borders with Namibia, Botswana, Zimbabwe, Mozambique and Swaziland. The country also is unique in the fact that is completely surrounds the landlocked Lesotho kingdom. South Africa also has the advantage of having almost thirteen hundred miles of coastline on the Atlantic and Indian oceans. While just over half the size of Africa’s largest country, Algeria, South Africa is the 25th largest country in the world by land area, which equates to just under what would be two of Texas. The country also has a large population of approximately 55 million, which ranks them at …show more content…
The country of South Africa wasn’t established as a self governing state until the early 1900s. Before that point, the area was a vast precious mineral jackpot of sorts. These mineral discoveries were the basis of the initial economic and political groundwork of the region. Of course, much of the success in the region was attributed to the white mine owners and industrialists (English). This lead to conflict between those wealthy mine owners and the Dutch Afrikaners who settled in the region and were mostly farmers who competed for wealth. As that conflict roared, the Afrikaners built up a strong ethnic identity and sense of nationalism that would ultimately lead to their control of the South African government and the implementation of apartheid in 1948 (which brought back segregation practices that helped control the dominance of the Afrikaners in the political spectrum). …show more content…
When the South African Reserve Bank sets policy, they have a goal, similar to the dual-mandate of the US Federal Reserve Bank, to contain inflation. Their official range to target is from 3-6%. This may seem relatively high compared to what US citizens are used to seeing as a target, but given the depreciation of the South African Rand, this upward-tendency for inflation is expected (Country Report: South Africa). This has and will continue to be the trend as the currency isn’t expect to bump the depreciation trend in the near future and economic growth doesn’t appear to be taking off any time soon. Currently, even though the Rand is weak and imports are being affected, this could be a great time for an exporter located in South

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