As the second largest economy in the African continent, South Africa is an upper-middle income economy, as categorized by the World Bank. The national economy contributes a hefty 35 percent to the entire continent's gross domestic product. After the termination of Apartheid, the South African economy has procured numerous gains in terms of foreign exchange reserves, GDP, and more.<br /><br />It majorly deals with the export of expensive metals such as gold, diamond, and platinum along with other metals.<br />Economic operations began in the 17th – century with the colonial invasion of the country; it marked the commencement of commercial agriculture.<br />With the advent of the British in the late 18th – century, metals were discovered and industrialization began.<br />The South African economy has changed from a 20th – century primary and secondary sector economic setup to a service-centred economy in the present context.<br />Diversified sectors like mining, food processing, manufacturing, telecommunications, and more characterize the economy.<br />Three-fifth of the country's exports is its mining products due to the heavy presence of minerals and metals in its lands.<br />Agricultural produce in terms of fruit, wool, tobacco, sugar, and more also accounts for 2.6% GDP.<br /><br />Strongholds of South African Economy<br /><br />As a picturesque land and a popular tourist location, the tourism industry is the source of 10.3% jobs in the economy.<br />The real estate and business service sectors contribute 22% of the GDP.<br />Automotive assembling and manufacturing account for 12% of the exports with the presence of production bases for major automakers like BMW, Daimler-Chrysler, Ford, Toyota.<br />With a well-established setup of industries, South Africa is also the most industrialized economy in the continent.<br />In the 20-year period since 1996, the country's GDP has multiplied thrice and stands at $400 billion today.<br /><br />The beginning of the Economy<br /><br />Dutch East India Company arrived in 1652 to create a formal economic setup, followed by the arrival of the French and the Germans.<br />The British discovered diamonds and gold deposits in the 1870s leading to the annexure of the land for the economic welfare of the colonialists.<br />Industrialization began and trade unions emerged in the country.<br />Apartheid came into existence with National Party's election victory in 1948. The economy was closed and close to no international trade took place in the country.<br />in 1994, African National Congress came into power and started the work for economic restoration with the abolition of apartheid.

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South Africans have been paying tribute to anti-apartheid activist Winnie Mandela who died on Monday at the age of 81.

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South Africa U20 vs. Ireland U20 <br />Friday 24th April @ 6:35pm

It has been 50 years since the Sharpeville massacre, one of the most violent incidents of South Africa's apartheid era.<br /><br />The killings led the African National Congress to form its own armed wing to fight for the rights of the black population.<br /><br />Imran Khan has more.

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