The depreciation in the rand has seen Egypt overtake South Africa as the second largest economy…
South Africa
Business news and investment opportunities in South Africa
STATS
Source: World Bank
Currency: South African randGDP: 368.3 billion USD (2018)
GDP per capita: 6,374.03 USD (2018)
GDP growth rate: 0.8% annual change (2018)
Gross national income: 765.8 billion PPP dollars (2018)
GNI per capita: 13,250 PPP dollars (2018)
Internet usage: 54% of the population (2016)
Putin looks to use BRICS summit to shift balance of power
The leaders of Brazil, Russia, India, China and South Africa begin gathering in the remote Russian…
BRICS Development Bank due to begin operations by April
The newly conceived BRICS Development Bank will swing into action in April next year, its president elect Kundapur Vaman…
$100bn BRICS foreign currency reserve pool ratified by Russia’s Upper House
Russia’s Federation Council has ratified the establishment of a $100bn BRICS foreign currency reserve pool aimed at protecting national currencies from…
South Africa in $10bn nuclear power agreement
South Africa in $10bn nuclear power agreement: Russia and South Africa have signed a $10 billion nuclear…