The Economy

South Africa Fact Sheet #3
by U.S. Out of Southern Africa Network-APC/PAM
New York, New York, United States
Undated, 1985 or early 1986?
Publisher: U.S. Out of Southern Africa Network
1 page
Type: Report
Coverage in Africa: South Africa
Coverage outside Africa: United States
Language: English
The report says between 1950 and 1978, the GOP rose from $3.7 billion to $39.79 billion, and is now ranked as the 25th largest economy in the world; the per capita income for whites, about R2534 ($3000) places South African whites among the world's highest paid workers; listed by the World Bank as only a 'middle income' developing nation, South Africa's GOP is the largest on the entire African continent equaling the combined Gross National Products of eastern, central and southern Africa. The report says while representing only 6% of the continent's total population, South Africa accounts for about 20% of all of Africa's total output of goods and services; 86% of Africa's steel production; 60% of all rail traffic; 43% of all registered motor vehicles; 42% of all telephones; 40% of all electricity generated; and, 40% of all industrial production. The report says employment in the non-agricultural sectors is about the equivalent of all nonagricultural employment for Africa south of the Sahara; although the public sector-government owned and run industries known as 'parastatals'---controls 58% of all fixed capital stock, South African businesses have generally become concentrated, with seven corporations controlling 80% of the capitalization of the Johannesburg Stock Exchange. The report discusses gold, minerals, diamonds, European colonialism, World War II, the National Party, chromium, manganese, vanadium, the Soviet Union, platinum, palladium, rhodium, iridium, osmium, corn, cotton, wood, wheat, tobacco, citrus fruits, butter, cheese, sugar cane, and bantustans. • Manufacturing • Mining • Agriculture • Other literature available from APC/PAM
Collection: Private collection of David Wiley and Christine Root