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 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. South African economic policy is fiscally conservative, but
pragmatic, focusing on targeting inflation and liberalizing trade as
means to increase job growth and household income.
South Africa’s GDP based on purchasing power parity is $456.7 billion
comprising agriculture 4.5%, industry 29% and services 67%. Per capita
income is $10,700 (2003 est.).