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South Africa GDP Growth Slows as Mining Slumps
 
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AMCU has ended the strike action at its Marikana mine today. This has aided the sector which reduced GDP by 0, 5% in the first three quarters of the 2012.
Views: 88 CNBCAfrica
Realising South Africa's Mineral Wealth Panel Discussion - Part 1
 
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(www.abndigital.com) One of the key sectors for South Africa's economy is mining. It's a sector that employs 500,000 people and represents about 7% of GDP. However over the last decade mining has been underperforming as a sector despite a global commodity boom. The focus of this roundtable discussion is to identify problem areas within mining and look at ways to take the industry forward.
Views: 990 CNBCAfrica
South African economy projected to grow in 2018
 
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South African gross domestic product shrank 2.2 percent in the first quarter, led by a slowdown in agriculture and mining, after expanding 3.1 percent in the final three months of last year. However, the survey of 24 economists taken in the past week forecast the economy would grow 1.7 percent this year. That was only 0.1 percentage point lower than predicted last month and up from a 1.3 percent forecast at the start of the year. “The rest of the world is doing very, very well, so on the expor… READ MORE : http://www.africanews.com/2018/06/20/south-african-economy-projected-to-grow-in-2018 Africanews on YouTube brings you a daily dose of news, produced and realised in Africa, by and for Africans. Africanews is the first pan-African multilingual media outlet, unique in its concept and vision. Subscribe on our Youtube channel https://www.youtube.com/c/africanews and receive all the latest news from the continent. Africanews is available in English and French. Website : www.africanews.com Facebook : https://www.facebook.com/africanews.channel/ Twitter : https://twitter.com/africanews
Views: 524 africanews
MINING FOCUS: History of Diamond mining in South Africa
 
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Diamonds. Exquisite and beautiful diamonds were South Africa's debut mineral, heralding later capacity to create a lucrative and well developed minerals-energy complex at the heart of her economy. But, as in love, in mining diamonds have brought misery to the community and clan who were the first legal owners of the diamond field and who mined the alluvial diamonds of the Orange River. Thandeka Gqubule-Mbeki reports. For more news, visit: sabcnews.com
Views: 57 SABC Digital News
The combined contribution of mining and manufacturing to South Africa's GDP has declined
 
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A conference in Johannesburg today heard that an enhanced interface between the two sectors would solve a lot of economic challenges facing the country.
Views: 92 SABC Digital News
Growth in mining & manufacturing pulls South Africa's economy out of the red
 
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South Africa's economy made a strong turnaround in the second quarter of the year, putting concerns of a recession to rest for the time being. The first quarter was dismal with a -1.2% contraction, and that stood in stark contrast to Q2's growth of 3.3%. That was largely driven by a strong rebound in mining and manufacturing, with both sectors growing by over 8%. South Africa's exports remained healthy. It wasn't all rosy though. Agriculture, forestry and fishing declined for the sixth consecutive quarter due to the prolonged drought. On an annual basis, South Africa's still in the ICU, with the economy growing at just 0.6%.
Views: 579 CGTN Africa
South Africa gold mining production declines
 
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South Africa’s mining production and sales report shows a sector yet again in decline and a threat to the wider economy. Mining production fell by 2.6 per cent year on year in May, primarily on the back of a 16.2 per cent decline in the gold sector. Joining CNBC Africa is Peter Major, Director Mining at Cadiz Corporate Solutions. https://www.cnbcafrica.com/videos/
Views: 386 CNBCAfrica
SA's GDP falls by 2.2% in first quarter
 
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There is bad news for the local economy as South Africa’s GDP fell by 2.2 percent in the first quarter of 2018. Mining and manufacturing are the largest contributors to the negative turn. eNCA's Devan Murugan brings you more on this. Courtesy DStv403
Views: 260 eNCA
Top 10 Biggest Economies in Africa in 2018 by GDP
 
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The richest economies in Africa have been revealed by the World Economic Forum through the data provided by the from the International Monetary Fund (IMF). The full annual list, which was published in April 2018, analyses the "identifiable wealth" of all the countries in the world through the current prices of Gross Domestic Product, GDP. As it is known, the GDP is a monetary measure of the market value of all final goods and services produced in a period of time. See the 10 biggest economies in Africa, ranked in ascending order by wealth. 10. Cote d’Ivoire - $48.14 billion Cote d’Ivoire comes 10th with a total of $48.14 billion as the country’s GDP as at April 2018. Ivory Coast is among the world's largest producers and exporters of coffee, cocoa beans, and palm oil. Consequently, the economy is highly sensitive to fluctuations in international prices for these products and to weather conditions. 9. Ghana - $51.62 billion Ghana follows Cote d’Ivoire on the list with $51.62 billion according to the data from International Monetary Fund. Ghana is Africa's second-biggest gold producer and second-largest cocoa producer. It is also rich in diamonds and oil but in recent years, plunging oil prices have precipitated an economic crisis. 8. Tanzania - $56.66 billion Tanzania holds the eight position with a total of $56.66 billion as the country’s GDP. Tanzania is largely dependent on agriculture for employment, accounting for about half of the employed workforce. 7. Ethiopia - $85.66 billion Standing tall at the seventh position with $85.66 billion is Ethiopia. The country leads Tanzania with a total of $26 billion. Ethiopia’s economy is concentrated in the services and agriculture sectors. 6. Kenya - $88.27 billion Kenya holds on to the sixth position with a total GDP of $88.27 billion. The country is generally perceived as Eastern and central Africa's hub for Financial, Communication and Transportation services. 5. Angola - $119.43 billion Angola takes the difference in the country’s GDP to a new level with a total GDP of $119.43 billion. Angola occupies the fifth position on the list. For Angola, Subsistence agriculture provides the main livelihood for 85% of the population. Oil production and the supporting activities are vital to the economy, contributing about 45% to GDP and 90% of exports. 4. Morocco - $121 billion Angola is followed by Morocco which occupies the fourth position on the list with an interesting $121 billion as GDP. In Morocco, sales of fish and seafood join the industrial and mining sectors to contribute about one-third of the annual GDP. Morocco is the world's third-largest producer of phosphates and the price fluctuations of phosphates on the international market greatly influence Morocco's economy. 3. Algeria - $197.63 billion Number three on the list is Algeria with a GDP of $197.63 billion. Though the economy has diversified, the country's economy relies greatly on hydrocarbons (petroleum and natural gas). 2. South Africa - $370.89 billion Distinguishing itself on the table and holding on to the second position is South Africa. The country’s economy is valued with a GDP of $370.89 billion according to the IMF. The country has a mixed type of economy and tourism is one of the biggest revenue generating industries in South Africa. 1. Nigeria - $408.61 billion With a difference of $37.72 billion, Nigeria’s economy ranked the highest with a total GDP of $408.61. Nigeria is a middle-income, mixed economy and emerging market, with expanding manufacturing, financial, service, communications, technology, and entertainment sectors. In recent time, the agriculture and oil sector have contributed to the country’s economy. MUSIC CREDIT Song: Dizaro - YouMakeMe (Vlog No Copyright Music) Music provided by Vlog No Copyright Music. Video Link: https://youtu.be/wx6cdcDSR_8 SONG: Relax by Peyruis https://soundcloud.com/peyruis Creative Commons — Attribution 3.0 Unported — CC BY 3.0 http://creativecommons.org/licenses/b... Music promoted by Audio Library https://youtu.be/NvCDF7iUgIA
Views: 58969 African Insider
South Africa's new leader likely to spur economic growth
 
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Mining Capital's Alastair Ford discusses the appointment of former prominent South African mining figure Cyril Ramaphosa as the country's new president. Ford says it's important for the country to know they'll be lead by people who have the economy at the centre of their minds. ''Overall the global investment community seems to like this appointment'', he adds.
South African Platinum Sector: Bakubung Mine
 
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While the platinum miners' strike is over and workers at the platinum majors are slowly getting back to work - Wesizwe Platinum has been hard at work on their flagship project. That mine is within a stone's throw of the Sun City resort in the Northwest province, not far from Amplats, Implats and Lonmin's operations. Angelo Coppola was at the mine, and filed this report.
Views: 1180 CGTN Africa
Fall in mining and manufacturing shrinks South Africa's economic growth
 
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South Africa's economy contracted to 0.3 percent in the last quarter of 2016, due to a fall in mining and manufacturing production . According to the country's statistics office, the shrinkage in the two key sectors of the economy pulled growth into negative territory. Figures from the agency indicate , the mining industry's 11.5 percent drop in production was the main contributor to the economy's slowdown, brought about by a fall in production of coal, gold and other metal ores, such as plati… READ MORE : http://www.africanews.com/2017/03/07/fall-in-mining-and-manufacturing-shrinks-south-africa-s-economic-growth Africanews is a new pan-African media pioneering multilingual and independent news telling expertise in Sub-Saharan Africa. Subscribe on ourYoutube channel : https://www.youtube.com/c/africanews Africanews is available in English and French. Website : www.africanews.com Facebook : https://www.facebook.com/africanews.channel/ Twitter : https://twitter.com/africanews
Views: 167 africanews
Mining industry moving out of South Africa ... the proof
 
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The mining industry are selling up and leaving South Africa for now. This loss of tax revenue will destroy the government's plans. Guess who is behind this move? The Chinese. SBM Group ... controlled by Chinese bankers based in Mauritius: https://www.sbmgroup.mu/newsroom Genrock machinery: http://www.genrock.co.za/ The original video showing machinery for sale: https://www.youtube.com/watch?v=bD1CeOXcj0o
Views: 3583 Loving Life
South African government hopes mining sector will reignite stagnant economy
 
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One of the biggest challenges in South Africa is facing is creating inclusive growth in a stagnant economy. And one of the key industries in the spotlight is the mining sector. Mineral Resources Minister Mosebenzi Zwane has been deliberating this with members of the Black Business Council in Johannesburg. Angelo Coppola has more. Subscribe to us on YouTube: http://ow.ly/Zvqj30aIsgY Follow us on: Facebook: https://www.facebook.com/cgtnafrica/ Twitter: https://twitter.com/cgtnafrica
Views: 191 CGTN Africa
Effects of mining strikes on the S.African economy
 
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Original Publish Date: || Wed, 06 Aug 2014 09:18:32 GMT || 2012 marked the beginning of wildcat strikes in South Africa's mining sector with detrimental effects on the economy. Saijil Singh, lead analyst, Coface joins CNBC Africa for more.
Views: 5 CNBCAfrica
Impacts of recurring mining strikes on South Africa's economy
 
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South Africa's rand, tumbled to a four-year low against the dollar on Thursday over fears of a strike at Anglo American Platinum (Amplats). The currency fell as low as 9.4334, its lowest since April 2009 when emerging markets were still reeling from the effects of the global financial crisis. The country's mining industry can ill afford to offer wage rises during talks that are about to start with a new and unpredictable union, said Impala Platinum on Friday. The world's biggest platinum producing country hopes to avoid the 2012 strike action that cost billions in lost revenue and production. TVC News Jody Jacobs reports from South Africa.
Views: 563 TVC News
South Africa's economy unexpectedly shrinks by 2.2% in the first quarter of 2018
 
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South Africa's economy contracted 2.2% in the first quarter of this year compared to the 3.1% expansion it enjoyed in the last quarter of 2017. GDP data released by Statistics South Africa on Tuesday showed sharp declines in the agricultural, mining and manufacturing sectors. The figure left many shocked as most economists expected a decline of 0.5%. [TAKE: MAP] CGTN's Sumitra Nydoo reports. Subscribe to us on YouTube: http://ow.ly/Zvqj30aIsgY Follow us on: Facebook: https://www.facebook.com/cgtnafrica/ Twitter: https://twitter.com/cgtnafrica
Views: 1473 CGTN Africa
Inside a South African gold mine
 
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Friday marks a year since 34 miners were shot dead by police in the South African town of Marikana in a dispute over wages. Mine unions say there has been little improvement since then. South Africa's economy has long been driven by mining but production has dropped over the decades. Mark Lowen was given rare access into a gold mine to see what conditions are like and to follow the mining process. News,Super,Videos,Inside,south,african,gold,mine,Gold Mining (Industry),South Africa (Country),Head,Roses,Commercial,Sweet,Haiti,Your,Spot,Pig,Kenya,Earthquake,Guinea,Advertisement
Views: 380 News Super Videos
Illegal miners' safety remains a serious problem in South Africa
 
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Illegal mining in South Africa is draining the country of much-needed revenue in the form of earnings and taxes. Angelo Coppola takes a look at who's involved and the ripple effect on the economy.
Views: 263 CGTN Africa
Newsroom: Analysis of Mining Industry in South Africa
 
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Green shoots of growth are beginning to sprout for the mining industry so far this year, with the World Bank forecasting strong gains for industrial commodities - such as energy and metals. However the spotlight is on the mining companies performance which seems positive with a flood of opportunities for sector participants. But 2017 is still set to be a challenging year for the sector, to tell us more, we were joined in studio by Head of Mining at Cliffe Dekker Hofmeyer, Allen Read For more news, visit: http://www.sabc.co.za/news
Views: 338 SABC Digital News
South African mining industry
 
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A south African politician speaks about the mining industry in South Africa. The country is very rich in minerals like gold, diamonds, coal, chrome ore, iron ore and manganese ore.
Views: 1420 mineralbrokers
South African economic growth to pick up in 2019: Razia Khan
 
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Well the South African economy saw some turbulence last year, even entering a recession at one point, but things started looking up towards the end of 2018. The Organisation for Economic Co-operation and Development expects economic growth to pick up slowly this year, driven by exports. To get an outlook for the South African economy in 2019 we're joined on the line by Razia Khan, Chief Economist for Africa and the Middle East at Standard Chartered Bank. She's on the line from London. For more news, visit: sabcnews.com
Views: 593 SABC Digital News
SA mining charter
 
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South Africa has approved a new mining charter that gives guidelines for ownership, benefaction, employment equity and procurement selection for mining rights holders in South Africa. SA Minister of Mineral Resources Gwede Mantashe has described the reviewed Mining Charter as reflecting a "consensus among stakeholders" in the mining sector. Subscribe to us on YouTube: http://ow.ly/Zvqj30aIsgY Follow us on: Facebook: https://www.facebook.com/cgtnafrica/ Twitter: https://twitter.com/cgtnafrica
Views: 329 CGTN Africa
South Africa no longer the second biggest economy in Africa
 
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JOHANNESBURG, 13 May 2016 - An International Monetary Fund economic outlook report suggests South Africa has been overtaken by Egypt as the continent’s second biggest economy. South Africa ceded first place to Nigeria when the west African country revalued its economy two years ago.​
Views: 4515 eNCA
Diamonds getting harder to find in South Africa: De Beers
 
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Proof that diamonds are getting harder to find can be seen in the South African bush, where one of the world's largest mining companies is spending $2 billion USD tunnelling beneath a vast open-pit mine. De Beers has spent 25 years digging a 450-metre deep by one-kilometre wide hole to access diamond-rich rock from the surface at the Venetia mine, close to the border with Zimbabwe and Botswana. For more News visit: http://www.sabc.co.za/news
Views: 2911 SABC Digital News
South Africa overtakes Nigeria as Africa’s largest economy
 
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Fresh IMF figures show that South Africa has reclaimed the top spot as the largest economy on the African continent. For the past two years, Nigeria had claimed the top spot, but a re-calculation using current exchange rates places South Africa back on top. Subscribe to us on Youtube: https://goo.gl/lP12gA Download for IOS: https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8 Download for Android: https://play.google.com/store/apps/details?id=com.imib.cctv Follow us on: Facebook: https://www.facebook.com/cctvnewschina Twitter: https://twitter.com/CCTVNEWS Google+: https://plus.google.com/+CCTVNEWSbeijing Tumblr: http://cctvnews.tumblr.com/ Weibo: http://weibo.com/cctvnewsbeijing
Views: 9336 CGTN
South African economy worry economists
 
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Some good signs ahead of Christmas. But it comes a day after further plans to retrench thousands of workers were announced in the mining sector. Economists say the South African economy is headed for a serious fallout from the current plunge in the price of minerals which is the worst slump in 40 years. For more News visit: http://www.sabc.co.za/news Follow us on Twitter: https://twitter.com/SABCNewsOnline?lang=en Like us on Facebook: https://www.facebook.com/SABCNewsOnline
Views: 1218 SABC Digital News
Tough week for the South African economy
 
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It's been a tough week for the South African economy. News of the country being in a technical recession did not bode well for the markets. However, it was not all doom and gloom, as the mining results were on the upside. Let's take a loot at some of the highlights. For more news, visit: http://www.sabc.co.za/news
Views: 361 SABC Digital News
South Africa’s GDP growth hits record low of 0.3%, last seen in 2009 recession
 
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South Africa’s economy grew just 0.3% in 2016 compared with 1.3% in 2015. It's the lowest growth recorded since 2009's recession. The statistics body says a slowdown in mining and manufacturing led the decline. Agriculture also negatively impacted growth, but that was largely expected, as result of the drought. Sumitra Nydoo has the details.
Views: 157 CGTN Africa
Leihlo la Sechaba: Zama Zamas
 
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Statistics show that the South African economy is losing approximately R6 billion due to criminal syndicates involved in illegal mining. Scores of poor illegal migrants are sent down into abandoned mines to dig for gold and sell it to crime syndicates, mostly at a risk of loss of limp and life. Can the issuing of licenses for artisanal miners help to reduce the carnage? Catch Leihlo la Sechaba every Thursday at 18:00 only on SABC 2. Watch the full programme here on 18:30. Join us then! https://twitter.com/kebalaechoe https://www.facebook.com/LeihloLaSechaba/ [email protected] Leihlo la Sechaba, (Sotho for Eye of the Nation) is an investigative programme where journalists investigate topics of interest, developmental stories, corruption, crime and where possible, discover the truth. Watch this programme every Thursday at 18:00 only on SABC 2. Watch the full episode here at 18:30, directly after the normal TV broadcast on SABC 2. Join us then!"
Views: 19033 you belong
S Africa can no longer depend on mining sector to drive economic growth
 
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South Africa needs to sharpen up its industrialisation programme if it is serious about reaching the 5.4% a year gross domestic product growth target as set out in the National Development Plan, as the country can no longer depend on its declining mining sector to drive economic growth.
Views: 61 CreamerMedia
Minerals Council SA welcomes mining charter with reservations on some aspects
 
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The big debate over South Africa's new mining charter appears far from over. Whereas the employers in shape of the Minerals Council of South Africa welcome some of the watering down of the mining charter it still wants more talks over matters that it's not happy with, including the high procurement target of 70 per cent from black owned companies. Is it too late? Tebello Chabana, Senior Executive, Public Affairs and Transformation, Minerals Council SA joins CNBC Africa for more. https://www.cnbcafrica.com/videos/
Views: 74 CNBCAfrica
Black owned South African company focused on mine dump rehabilitation
 
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From Creamer Media in Johannesburg, this is the Real Economy Report. Black owned green technology company G-Tech is currently running a mine dump rehabilitation project in Randfonetin, West of Johannesburg, on one of South Africa-focused gold miner Mintails’ tailings sites. Anine Vermeulen has the story.
Views: 324 CreamerMedia
New: Top 10 Biggest Economies in Africa in 2018 by GDP
 
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THIS IS AN UPDATED LIST OF 10 LARGEST ECONOMIES IN AFRICA. The richest economies in Africa have been revealed by the World Economic Forum through the data provided by the from the International Monetary Fund (IMF). The full annual list, which was published in April 2018, analyses the "identifiable wealth" of all the countries in the world through the current prices of Gross Domestic Product, GDP. As it is known, the GDP is a monetary measure of the market value of all final goods and services produced in a period of time. See the 10 biggest economies in Africa, ranked in ascending order by wealth. 11. Cote d’Ivoire - $48.14 billion Cote d’Ivoire comes 11th with a total of $48.14 billion as the country’s GDP as at April 2018. Ivory Coast is among the world's largest producers and exporters of coffee, cocoa beans, and palm oil. Consequently, the economy is highly sensitive to fluctuations in international prices for these products and to weather conditions. 10. Ghana - $51.62 billion Ghana follows Cote d’Ivoire on the list with $51.62 billion according to the data from International Monetary Fund. Ghana is Africa's second-biggest gold producer and second-largest cocoa producer. It is also rich in diamonds and oil but in recent years, plunging oil prices have precipitated an economic crisis. 9. Tanzania - $56.66 billion Tanzania holds the nineth position with a total of $56.66 billion as the country’s GDP. Tanzania is largely dependent on agriculture for employment, accounting for about half of the employed workforce. 8. Ethiopia - $85.66 billion Standing tall at the eighth position with $85.66 billion is Ethiopia. The country leads Tanzania with a total of $26 billion. Ethiopia’s economy is concentrated in the services and agriculture sectors. 7. Kenya - $88.27 billion Kenya holds on to the seventh position with a total GDP of $88.27 billion. The country is generally perceived as Eastern and central Africa's hub for Financial, Communication and Transportation services. 6. Angola - $119.43 billion Angola takes the difference in the country’s GDP to a new level with a total GDP of $119.43 billion. Angola occupies the sixth position on the list. For Angola, Subsistence agriculture provides the main livelihood for 85% of the population. Oil production and the supporting activities are vital to the economy, contributing about 45% to GDP and 90% of exports. 5. Morocco - $121 billion Angola is followed by Morocco which occupies the fifth position on the list with an interesting $121 billion as GDP. In Morocco, sales of fish and seafood join the industrial and mining sectors to contribute about one-third of the annual GDP. Morocco is the world's third-largest producer of phosphates and the price fluctuations of phosphates on the international market greatly influence Morocco's economy. 4. Algeria - $197.63 billion Number four on the list is Algeria with a GDP of $197.63 billion. Though the economy has diversified, the country's economy relies greatly on hydrocarbons (petroleum and natural gas). 3. Egypt Number is Egypt with a total GDP of $249 Billion. The country has a mixed type of economy and tourism is one of the biggest revenue generating 2. South Africa - $370.89 billion Distinguishing itself on the table and holding on to the second position is South Africa. The country’s economy is valued with a GDP of $370.89 billion according to the IMF. The country has a mixed type of economy and tourism is one of the biggest revenue generating industries in South Africa. 1. Nigeria - $408.61 billion With a difference of $37.72 billion, Nigeria’s economy ranked the highest with a total GDP of $408.61. Nigeria is a middle-income, mixed economy and emerging market, with expanding manufacturing, financial, service, communications, technology, and entertainment sectors. In recent time, the agriculture and oil sector have contributed to the country’s economy.
Views: 3340 African Insider
Namibian mining’s pulling together boosting country’s economy – Nedbank
 
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JOHANNESBURG (miningweekly.com) – As much as the Namibian economy is tied to the South African economy, it has been able to grow ahead of South Africa, which a leading mining investment banker puts down to Namibia’s “sensible” mineral policies, as well as the Namibian mining industry’s close working relationship its government.
Views: 109 MiningWeekly
South Africa Mine Dumps
 
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VOA's Emilie Iob reports on the mine dumps in Johannesburg, South Africa.
Views: 257 TV2Africa
SA tourism sector losing its lustre?
 
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South Africa's tourism sector seems to be losing its lustre. Last year, the sector contributed 2.9% to GDP, a larger contribution than that of agriculture but smaller than that of other industries such as construction and mining. The World Travel and Tourism Council forecasts that the sector's contribution to GDP will rise by 2.4% this year but the latest tourism and migration statistics casts some doubt on SA even hitting that target. This, as we see less overseas tourists visiting the country, less tourists from the SADC region and less tourists from broader rest of africa too. Minister of Tourism, Derek Hanekom joined Business Day TV on the line to discuss the declines and the sectors ability to help deliver GDP growth.
Views: 39 Business Day TV
Mining Sickness - South Africa
 
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June 2002 Vantech produces 20% of the world's Vanadium, a mineral used in steel and glass.
Views: 2696 Journeyman Pictures
South Africa mining industry hit by job losses
 
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South Africa’s government says this year will be a tough one for its mining industry. Job losses are set to continue into the thousands, with plummeting commodity prices forcing mining houses to drive down costs. Fahmida Miller reports from the biggest annual mining conference in Cape Town, where stakeholders are looking for a way forward. - Subscribe to our channel: http://bit.ly/AJSubscribe - Follow us on Twitter: https://twitter.com/AJEnglish - Find us on Facebook: https://www.facebook.com/aljazeera - Check our website: http://www.aljazeera.com/
Views: 965 Al Jazeera English
Mass Murder of Miners and Neo-Liberalism in South Africa
 
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Vishwas Satgar Pt2: The murder of striking miners reveals that the deep apartheid pattern of the labor market, particularly in the mining industry, has not changed
Views: 5468 The Real News Network
Marginal growth in mining, financial sector narrowly averts recession in South Africa
 
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South Africa's growth for the last quarter of 2015 came in a touch higher than expected. However, it was was still dismal at just 0.6% for the three months to December. This is South Africa's worst economic performance since the financial crisis in 2009 but economists are relieved that the country managed to avoid a recession. The main contributors to the marginal growth were the financial services sector and mining, that saw a rebound in the second half of the year. Manufacturing remains in recession while the agricultural sector was hard hit by the country's worst drought in history. With these sectors expected to remain under pressure, growth is Africa's second largest economy will remain weak for some time
Views: 113 CGTN Africa
SA economy shrinks by 2.2% in the first quarter of 2018
 
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The South African economy took a major knock in the first quarter, shrinking by 2.2 per cent after expanding by 3.1 per cent in the final quarter of last year. The main contributors of the slowdown were agriculture, mining and manufacturing. Joining CNBC Africa is Nicky Weimar, Senior Economist at Nedbank. https://www.cnbcafrica.com/videos/
Views: 444 CNBCAfrica
South African Miners Strike a Challenge to ANC
 
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Vishwas Satgar: Government forced to drop murder charges against miners
Views: 4116 The Real News Network
Mining industry players in South Africa hope commodity prices continue to rise
 
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Cape Town is preparing for the 2017 Mining Indaba. Industry players are wondering whether commodity prices will continue their upward trajectory. As Angelo Coppola explains, price fluctuations are not the only challenges confronting investors in commodities.
Views: 831 CGTN Africa
Workers strike at S.Africa's Amplats
 
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http://www.euronews.com/ Workers at three of Anglo American Platinum's mines in South Africa have gone on an illegal strike. It started one day after the company said it would close or sell some of its facilities and cut 14,000, to return to profitability. The comes amid concerns that the country's mining industry is shrinking too fast. Analyst Loane Sharp said: "There is a significant crisis going on in the South Africa mining industry, and what amazes me is that the government is completely inactive. South Africa's mines employ 1.4 million people in 1994 today they employ just 523 000." He said the South African government is doing nothing to address the problem. The mines minister said this has "major implications" for the South Africa's economy and complained the government had not been consulted. Fears of supply shortages of platinum causes prices of the precious metal to spike to three-month highs. About 80 percent of the known reserves of platinum are in South Africa. It is used to build emissions-limiting catalytic converters in cars and lorries, but falling vehicle sales have reduced demand, depressing the price. The planned retrenchments and closures, which Amplats says are needed to restore profits, risk provoking a repeat of the violent wildcat strikes in the gold and platinum sectors that resulted in more than 50 deaths last year. Find us on: Youtube http://bit.ly/zr3upY Facebook http://www.facebook.com/euronews.fans Twitter http://twitter.com/euronews
Calls increase to nationalise South Africa's mines
 
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Subscribe to our channel http://bit.ly/AJSubscribe Striking miners in South Africa are calling for the nationalisation of private companies saying government control could end growing inequality between employees and their bosses. However, some worry that nationalisation would scare away foreign investment and be detrimental to South Africa's economy. Al Jazeera's Haru Mutasa reports on this controversial subject Johannesburg.
Views: 1408 Al Jazeera English
Exploring the state of South Africa's economy
 
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JOHANNESBURG, 06 September 2016 - South Africa's economy grew more than 3 percent in the second quarter. eNCA gets some response from Lullu Krugel, chief economist at KPMG and Ian Cruickshanks - economist at the South African Institute of Race Relations.​
Views: 4209 eNCA
Discover JOHANNESBURG, The Richest & Most Developed City in Africa
 
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Johannesburg, South Africa's biggest city and capital of Gauteng(a Sotho word meaning “Place of Gold”), one of the nine provinces of South Africa. Johannesburg, began as a 19th-century gold-mining settlement. Its sprawling Soweto township was once home to Nelson Mandela and Desmond Tutu. Mandela’s former residence is now the Mandela House museum. Central Johannesburg, the commercial and financial heart of South Africa, is laid out in a rectangular grid pattern that is unchanged from the first city survey in 1886. Streets are narrow and cast into shadow by high-rise concrete blocks, creating an almost tunnel-like effect. SUBSCRIBE here 👉 https://goo.gl/jYw6so DONATE 👉 (https://www.paypal.me/africanInsider) With a GDP of USD $ 84 Billion, Jo'burg contributes 10% of total Sub -Saharan Africa's GDP. To put it into perspective, if Jozi as the locals like to call it, if Jozi was a country it would be the 3rd richest in Sub-saharan Africa behind Nigeria and South Africa. CREDITS SONG; Side You - Vlog Music by David Cutter Music https://soundcloud.com/dcuttermusic Creative Commons — Attribution 3.0 Unported — CC BY 3.0 http://creativecommons.org/licenses/b... SONG: Summer's Tides by 🌴Oshóva🌴 https://soundcloud.com/osh-va Creative Commons — Attribution 3.0 Unported — CC BY 3.0 http://creativecommons.org/licenses/b... Music promoted by Audio Library https://youtu.be/Xz0O1kmglrE .......................................................... Algeria, Angola,Benin,Botswana, Burkina Faso, Burundi, Cabo Verde,Cameroon,Central African Republic (CAR), Chad, Comoros,Democratic Republic of the Congo,Republic of the Congo,Cote d'Ivoire, Djibouti, Egypt,Equatorial Guinea, Eritrea, Eswatini (formerly Swaziland), Ethiopia,Gabon,Gambia,Ghana,Guinea,Guinea-Bissau,Kenya,Lesotho,Liberia,Libya,Madagascar, Malawi, Mali, Mauritania, Mauritius,Morocco,Mozambique,Namibia,Niger,Nigeria, Rwanda, Sao Tome and Principe, Senegal,Seychelles,Sierra Leone,Somalia,South Africa,South Sudan, Sudan,Tanzania,Togo,Tunisia,Uganda,Zambia,Zimbabwe
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