Question

How will a contraction of the American economy affect the South African economy

How will a contraction of the American economy affect the South African economy

Homework Answers

Answer #1
  • The Economy of South Africa is the second largest in Africa and it is the most developed and industrialized countries in Africa.It is abundant with supply of natural resources like well developed financial,legal,communications,energy and transport sectors.It has a stock exchange, which is 15th largest in country.
  • American companies has played a huge role in South African economy.They have created stable,quality and sustainable jobs in South Africa that pays good wages and which provide good benefits for its workers.
  • A survey conducted by American Chamber of Commerce by selecting 78 of its biggest firms in South Africa shown that ,they employ 70000 people directly and 75000 indirectly.These companies utilize 320 million rand on training every year and 500 million rand for skill development.The US economy has provided 8 million jobs since Barack Obama became the president.
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