FAX: [27] (12) 342-2244
consulate(s) general: Cape Town, Durban, Johannesburg
Flag description: two equal width horizontal bands of red (top) and blue separated by a central green band which splits into a horizontal Y, the arms of which end at the corners of the hoist side; the Y embraces a black isosceles triangle from which the arms are separated by narrow yellow bands; the red and blue bands are separated from the green band and its arms by narrow white stripes
note: prior to 26 April 1994, the flag was actually four flags in one - three miniature flags reproduced in the center of the white band of the former flag of the Netherlands, which had three equal horizontal bands of orange (top), white, and blue; the miniature flags were a vertically hanging flag of the old Orange Free State with a horizontal flag of the UK adjoining on the hoist side and a horizontal flag of the old Transvaal Republic adjoining on the other side
South Africa Economy
Economy - overview: South Africa is a middle-income, developing country with an abundant supply of 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 cut into the 30% unemployment, and daunting economic problems remain from the apartheid era, especially the problems of poverty and lack of economic empowerment among the disadvantaged groups. Other problems are crime, corruption, and HIV/AIDS. At the start of 2000, President MBEKI vowed to promote economic growth and foreign investment, and to reduce poverty by relaxing restrictive labor laws, stepping up the pace of privatization, and cutting unneeded governmental spending.
GDP: purchasing power parity - $369 billion (2000 est.)
GDP - real growth rate: 3% (2000 est.)
GDP - per capita: purchasing power parity - $8,500 (2000 est.)
GDP - composition by sector: agriculture: 5%