Flag description:
two equal width horizontal bands of red (top) and blue separated by a central green band that 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; the flag colors do not have any official symbolism, but the Y stands for the "convergence of diverse elements within South African society, taking the road ahead in unity"; black, yellow, and green are found on the flag of the African National Congress, while red, white, and blue are the colors in the flags of the Netherlands and the UK, whose settlers ruled South Africa during the colonial era
note: the South African flag is the only national flag to display six colors as part of its primary design
National anthem:
name: "National Anthem of South Africa"
lyrics/music: Enoch SONTONGA and Cornelius Jacob LANGENHOVEN/Enoch SONTONGA and Marthinus LOURENS de Villiers
note: adopted 1994; the anthem is a combination of "N'kosi Sikelel' iAfrica" (God Bless Africa) and "Die Stem van Suid Afrika" (The Call of South Africa), which were respectively the anthems of the non-white and white communities under apartheid; the official lyrics contain a mixture of Xhosa, Zulu, Sesotho, Afrikaans, and English; the music incorporates the melody used in the Tanzanian and Zambian anthems
Economy ::South Africa
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 the 18th largest in the world; and modern infrastructure supporting a relatively efficient distribution of goods to major urban centers throughout the region. At the end of 2007, South Africa began to experience an electricity crisis. State power supplier Eskom encountered problems with aged plants, necessitating "load-shedding" cuts to residents and businesses in the major cities. Growth was robust from 2004 to 2007 as South Africa reaped the benefits of macroeconomic stability and a global commodities boom, but began to slow in the second half of 2007 due to the electricity crisis and the subsequent global financial crisis' impact on commodity prices and demand. GDP fell nearly 2% in 2009. Unemployment remains high and outdated infrastructure has constrained growth. 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 Africa's former economic policy was fiscally conservative, focusing on controlling inflation, and attaining a budget surplus. The current government largely follows the same prudent policies, but must contend with the impact of the global crisis and is facing growing pressure from special interest groups to use state-owned enterprises to deliver basic services to low-income areas and to increase job growth. More than one-quarter of South Africa's population currently receives social grants.