Economic 

The economy of South Africa is the second largest in Africa. South- Africa is ranked as an upper-middle economy by the World Bank. In 2015 South Africa had an economic growth of 1.3% and that while the growth was 3,2% in 2011. Of the nine provinces in South Africa, three provinces stand out: Gauteng, Kwazulu-Natal and Western Cape contribute to a significant portion to the countries value added, reported at over 60%.

 

The consumer Price Index (CPI) and the producer price Index (PPI) are two measures of inflation for South Africa. The unemployment rate in 2015 was 25,4 %. And remains one of the biggest challenges in South Africa, because it has much impact on the level of poverty, social expenditure and crime.

In South Africa they use the currency ZAR (Zuid-Afrikaanse Rand), the currency fluctuate a lot. In 2011 the exchange rate of the ZAR per 1 Euro was around 10, the last half-year the average rate was around 16, with a decline in the last few months. So the ZAR will become stronger than in the beginning of 2016.