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South Africa Resources and power South Africa is rich in a variety of minerals In addition to diamonds and gold the country also contains reserves of iron ore platinum manganese chromium copper uranium silver beryllium and titanium GDP than mining has the mining sector continues to form One such bank the Development

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people in a specific area Industrial centralisation contributes to South Africa s economic development through Job creation Income earned from export products Encouraging foreign investment Stimulating agriculture and mining Development of infrastructure 2 Problems associated with industrial centralisation are Overcrowding

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For South African economic growth to increase the competitiveness of the economy needs to improve The economy was ranked 50 th out of 142 countries in the 2012 World Competitiveness Rankings South Africa scores relatively well for the efficiency of their product markets and for having a large market size

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