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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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    Today, the mining industry remains one of the biggest contributors to the country''s economy with an estimated worth of R20.3 trillion (US$2.5 trillion). It is the world''s fifth largest mining sector in terms of gross domestic product (GDP), contributing eight percent to South Africa''s GDP.

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  • 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.

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