The World Factbook about South Africa South Africa is a middle-income, developing country with an abundant supply of resources, well developed financial, legal, communications, energy, and transport sectors, a stock exchange that ranks among the 10 largest in the world, and a modern infrastructure supporting an efficient distribution of goods to major urban centers throughout the region. Daunting economic problems remain from the apartheid era, especially the problems of poverty and economic empowerment among the blacks. Other problems are crime and corruption. The new South African Government demonstrated its commitment to open markets, privatization, and a favorable investment climate with the release of its macroeconomic strategy in June 1996.
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