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This study note covers aspects of economic growth and development in South Africa. The South African economy has been described by economist Ruchir Sharma in his recent book Breakout Nations as "a developed market wrapped inside an emerging market". Two decades on from the formal end of the old apartheid regime, the South African economy can lay claim to being one of the wealthiest in Africa ...
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3. MINING CONTRIBUTION OF MINING TO SOUTH AFRICAN ECONOMY 9,6% to GDP contribution; multiplier effect in transport = 18% to GDP; workforce employed plus families they support; pays taxes Study Table on page 266 in textbook. FACTORS THAT FAVOUR AND HINDER MINING IN SOUTH AFRICA Factors that favour mining in SA
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