Twentieth-Century Business in South Africa Free Essay Example, 1750 words

South Africa has been classified as a middle-income country by the UN. It has many resources with a well streamed financial system. This is supported by a defined legal, communication and transport system. Johannes Burg Stock Exchange (JSE) is also ranked top twenty in the world which shows the strength of the South African economy. It has a modern infrastructure system that supports the economy but the country is faced with time to the time energy crisis. (William, 2004) Although the country has been classified as a developed country, this development is evident only in Cape Town, Port Elizabeth, Durban, and Pretoria. The four regions form the economic centers while the rest of the countryside languishes in poverty. The country has the biggest economy in Africa and the highest per capita income. However, it suffers income gaps which are compounded by the dual economy marketing which makes it a developing nation. Apparently, it has the highest income inequality in the world. The gov ernment has stepped up privatization which is likely to distribute income to all people. Language The country is home to more than 47 million people who are of diverse origins, cultures, and languages. We will write a custom essay sample on Twentieth-Century Business in South Africa or any topic specifically for you Only $17.96 $11.86/pageorder now The majorities are black African, followed by whites, then colored and Indian or Asian are the minority in the country. The black is further classified into Zulu, Xhosa, Basotho, Bapedi, Venda, Tswana, Tsonga, Swazi, and the Ndebele. All these are Bantu speakers with Basotho being the largest ethnic group. The white population is a mixture of Dutch, German, French, Huguenot, English, Irish and Scottish. The whites are further divided to Afrikaners and English speaking. Afrikaner speaks Afrikaans while the other speaks English. The county has eleven official languages including Sepedi, Sesotho, Setswana, siSwati, Tshivede, Xitsonga, Afrikaans, English, isiNdebele, isiXhosa and isiZulu. However, not all these languages are spoken frequently as Zulu, Xhosa, and Afrikaans are the most spoken language in the country.