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The Republic of South Africa

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  • George Cornel Dumitrescu

Abstract

At the end of 2013, Republic of South Africa has lost its position of the main economy in Africa for Nigeria. The problems of the labor market and the economic situation in the EU and the US have influenced the South African economic performance. Mining law and the law governing the work of private security companies may constitute a barrier to foreign investors in the future. The African National Congress won the elections this year, and Jacob Zuma gained a new term as president of the republic. Therefore, no essential changes in the economic policies are expected in the near future. The economic growth in South Africa is below the real potential of the country because of the low skilled labor, high crime and a lack of political will in supporting productive activities and investments.

Suggested Citation

  • George Cornel Dumitrescu, 2014. "The Republic of South Africa," Conjunctura economiei mondiale / World Economic Studies, Institute for World Economy, Romanian Academy.
    • Handle: RePEc:iem:conjun:y:2014:id:2822000009586011
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