Attribute | Value |
---|---|
Geography | |
Area | 1,219,090 km² |
Continent | Africa |
Land area | 1,214,470 km² |
Water area | 4,620 km² |
Land boundaries | 5,244 km |
Border countries |
|
Coastline | 2,798 km |
Mean elevation | 1,034 m |
Lowest point | 0 m |
Highest point | 3,408 m |
People | |
Population | 56,463,617 |
Official languages |
|
Religion | Christian |
Government | |
Long country name | Republic of South Africa |
Short country name | South Africa |
Long local name | Add |
Short local name | Add |
Former name |
|
Government type | Parliamentary republic |
Capital | Pretoria |
Economy | |
GDP (PPP) | 767,200,000,000 USD |
GDP (OER) | 349,300,000,000 USD |
GDP (real growth rate) | 1.3 % |
GDP - per capita (PPP) | 13,600 USD |
Gross national saving | 16.1 % of GDP |
Labor force | 22,190,000 |
Unemployment rate | 27.5 % |
Population below poverty line | 16.6 % |
Budget revenues | 92,860,000,000 USD |
Budget expenditures | 108,300,000,000 USD |
Military expenditures | 0.98 % of GDP |
Taxes and other revenues | 26.6 % of GDP |
Budget surplus or deficit | -4.4 % of GDP |
Public debt | 53 % of GDP |
Inflation rate | 5.3 % |
Central bank discount rate | 5.75 % |
Commercial bank prime lending rate | 10.38 % |
Stock of narrow money | 137,500,000,000 USD |
Stock of broad money | 137,500,000,000 USD |
Stock of domestic credit | 295,900,000,000 USD |
Market value of publicly traded shares | 735,900,000,000 USD |
Current account balance | -8,584,000,000 USD |
Exports | 94,930,000,000 USD |
Imports | 89,360,000,000 USD |
Reserves of foreign exchange and gold | 50,720,000,000 USD |
External debt | 156,300,000,000 USD |
National currency | rand |
National currency (code) | ZAR |
National currency (symbol) | R |
National currency rate to USD | 13.67 |
The fossil record indicates humans have inhabited South Africa since prehistoric times, and during the modern era the region was settled by Khoisan and Bantu peoples. Dutch traders landed at the southern tip of present-day South Africa in 1652 and established a stopover point on the spice route between the Netherlands and the Far East, founding the city of Cape Town. After the British seized the Cape of Good Hope area in 1806, many of the Dutch settlers (Afrikaners, also called "Boers" (farmers) at the time) trekked north to found their own republics, Transvaal and Orange Free State. The discovery of diamonds (1867) and gold (1886) spurred wealth and immigration and intensified the subjugation of the native inhabitants. The Afrikaners resisted British encroachments but were defeated in the Second South African War (1899-1902); however, the British and the Afrikaners ruled together beginning in 1910 under the Union of South Africa, which became a republic in 1961 after a whites-only referendum. In 1948, the Afrikaner-dominated National Party was voted into power and instituted a policy of apartheid – billed as "separate development" of the races - which favored the white minority at the expense of the black majority. The African National Congress (ANC) led the opposition to apartheid and many top ANC leaders, such as Nelson MANDELA, spent decades in South Africa's prisons. Internal protests and insurgency, as well as boycotts by some Western nations and institutions, led to the regime's eventual willingness to negotiate a peaceful transition to majority rule. The first multi-racial elections in 1994 following the end of apartheid ushered in majority rule under an ANC-led government. South Africa has since struggled to address apartheid-era imbalances in housing, education, and health care. Jacob ZUMA became president in 2009 and was reelected in 2014, but was forced to resign in February 2018 after numerous corruption scandals and gains by opposition parties in municipal elections in 2016. His successor, Cyril RAMAPHOSA, has made some progress in reigning in corruption and restructuring state-owned enterprises, though many challenges persist. In May 2019 national elections, the country’s sixth since the end of apartheid, the ANC won a majority of parliamentary seats, delivering RAMAPHOSA a five-year term to continue anti-corruption measures and efforts to attract foreign investment.