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South Africa is one of Africa's wealthiest nations. It has the highest GDP value in Africa. Its stock exchange (JSE) is one of the strongest in the world. However, due to a large population and unemployment, the GDP per capita is low. Therefore it is not easy to judge which is the richest country in Africa since a country like Seychelles can have a very low GDP value, but since it is a small country it can have a high GDP per capita value.
Wiki User
∙ 15y ago
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∙ 11y agoWiki User
∙ 11y agoSouth Africa is definitely not a poor country. With a current GDP of $408 billion US dollars and $8,243 per capita, it's considered to be an upper-middle income nation. I would say the problem in South Africa remains inequality which is a failure politically by it's government in wealth distribution. South Africa is also has about $2 Trillion US dollar in Gold and platinum reserves. Infrastructure in South Africa is world class and brand new compared to some developed regions. The architecture of the South African economy needs to be changed in order solve it's current inequality issues.
Wiki User
∙ 14y agoSouth Africa is the largest economy in Africa. However, most South Africans are very poor and live on minimum wage or government grants. So although it is a very prosperous country, the people do not always share in the prosperity.
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∙ 8y agoa large diamond industry is what keeps south africa afloat
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∙ 12y agoit is poor because most people around south africa is african and most africans are poor so thats why it is kk
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∙ 13y agoyes. especcialy durban
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Is India a rich country or a poor country?
Belive it or not India is a rich country. Some small parts all poor but same in the US. Louisana is poor. India has many intresting things. I think its pretty intresting. --Kimberlychic
What politician is rich in south Africa?
Julius Malema
Is South Africa a developed country?
South Africa is a developing country, but it ranks as a NIC (Newly Industrialised Country) which places it with countries such as India, China, Turkey, Malaysia, Mexico and Brazil. It is also considered an emerging market and as such is developing rapidly. Although it is currently suffering from the global credit crunch, it and Brazil are the two countries in the world least affected by the recession and some analysts have predicted that it will have become a developed country by the second half of the twenty-first century.
What countries are the richest in minerals?
Africa is very rich in diamond,silver, and gold
How do you get rich and famous in south Africa?
you can sing in front of people and get famous
Are the any nations in Africa that are NOT poor?
Very few arent poor. South Africa is one that isnt poor. I wouldnt think Egypt is poor. However even if a country in Africa is rich there could still many people who arent doing as well as their country.
Is Africa a rich or poor country?
Africa is not a country. Africa is a continent. There are many countries in Africa. Most of the countries in Africa are poor by Western standards.
Which country is rich in minerals?
South Africa
Is South Sudan a rich or poor country?
One of the worlds poorest countries
Which African country is rich in minerals?
South Africa
Will your sony ericsson j220i work in South Africa?
probobly not because they are not rich they are poor in south Africa and they don't have any electricity
Is Madagascar rich or poor?
Madagascar is a very beautiful and lush country. Unfortunately it is a poor country. It is located in Africa.
Is life in Korea poor or rich?
South Korea is Rich. The country is a developed country. (North Korea is very, very poor because of its style and history of government).
What is lifestyle in South Africa?
The gap between rich and poor in South Africa is vast. The rich minority live in luxury while the poor majority live in abject squalor. The middle class is growing very fast and the live a "normal" western lifestyle
Which are poor English speaking country?
Zimbabwe is the poorest country in the world, and it is officially English speaking.However, lots of other poor African nations are English speaking. Even South Africa (officially a predominantly English speaking country), which is seen as being quite rich, has the largest shanty town in the whole of Africa (khayelitsha).
Are there toilets in South Africa?
Yes. Like any country there are people who are not poor and have the facilities like other parts of the world. Homeless people and poor people in South Africa, like in any country in the world - including rich ones - may not have such easy access to sanitary facilities. The places you're most likely to see as a tourist, yeah.
Who is the richest country in Africa?
According to the Phillips Junior School Atlas which I read in school, Libya is the richest country in Africa. The reason for this is mainly due to its oil reserves, but most of North Africa, like Tunisia, Morocco and Egypt also have many natural resources which make them rich. Economically however, South Africa is probably Africa's richest country, but according to the book, it was classed as 'poor' or 'very poor'. There is no exact answer, this is just information which I learnt from the book I read.
