South Africas economy is the second largest in Africa and its

ranked by the World Bank as an upper-middle income economy.

Back in the days, from 1948 to 1996, South Africa had a strict
race-based policy implemented, Apartheid, which divided the
economy in two pieces: the richest white one and the impoverished
black one. From 1996 until now, South Africas Gross Domestic
Product has tripled to 400 billion dollars and foreign exchange
reserves increased from 3 billion to 50 billion dollars.
The country's economy is reasonably diversified with key
economic sectors including mining, agriculture and fisheries, vehicle
manufacturing,
food
processing,
clothing
and
textiles,
telecommunication, energy, financial and business services and
tourism.
High levels of unemployment, income inequality, growing public
debt, political mismanagement, low levels of education, reliable
access to electricity, and crime are serious problems that have
negatively impacted the South African economy.