Characteristics of the primary sector of the south African economy
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South Africa has abundant resources in the primary sector, specially in agricultural and in mining categories which facilitates the companies to add prior value to export.
The companies in South Africa are learning to increase their economic value from the natural resources present in the country.
Primary sector of South Africa had contributed about 12% to the GDP in the year 1997.
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The primary sectors of south africa contributes to 3% share of the GDP.
Explanation:
- South Africa has the largest economy in Africa and is a manufacturing hub. It is a technologically advanced nation.
- South Africa has a comparative advantage in agriculture, mining, and manufacturing sectors. It has shifted from the primary to the secondary economy.
- The country is diverse in terms of resources like mining, agriculture, and fishery. Africa has a large scale profit in mining diamonds discovered in the orange river. The mining sector contributes to 9% of the value to GDP.
- Agriculture and food processing contributes to large-scale production in terms of horticulture and gives 5% of formal employment. It contributes to 3% of the GDP of the nation.
Learn more about the characteristics of the primary sector of the south African economy.
- brainly.in/question/8403633 answered by Arslankincsem.
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