Major Industries in South Africa
Mining is arguably South Africa’s most recognizable industry, although it is less than a third of the size of the country’s manufacturing sector in terms of GDP contribution. It does, however, make up about 60% of the country’s exports; eight of the 10 largest individual export categories are commodities.
South Africa is a major player in platinum group metals, representing about 73% of the world’s platinum mine production supply in 2013. Gold is even more important to SA’s export base, as the country represents about 5% of global mining production and its gold accounts for about 11% of the world’s gold reserves. Diamonds, too, are a significant part of SA’s mining industry, as about 23% of the world’s supply came from their mines in 2014.
It’s not just precious metals and gemstones that fuel SA’s mining industry. The nation is the world’s sixth-largest exporter of coal (and produces over 30% of its internal liquid fuel needs from coal). Moreover, South Africa produces nearly half of the world’s chromium, and is a significant producer of iron ore, vermiculite, vanadium, rutile, as well as many other metals and minerals.
Summed together, the value of SA’s exports in coal and iron ore amount to slightly more than the value of its gold exports, while ferrochrome and chrome are both top 10 export categories as well [see also The Ten Commandments of Commodity Investing].
Although SA has a temperate climate and startlingly high biodiversity, it’s not an especially significant player on the global stage in terms of commodity agricultural exports. It is however, a meaningful player in niche categories like chicory and grapefruit, and does export a wide variety of cereal grains, nuts and fruits. The nation has also been working to increase the productivity and international profile of its wine industry.quincy university athens state university american intercontinental university southern arkansas university chowan university avila university ouachita baptist university rochester university forham university north central university howard university hospital buffalo university university of the incarnate word schreiner university seoul national university st ambrose university where is purdue university fresno pacific university assumption university baker university university of central missouri chamberlain university student portal delaware valley university university of florida football carlow university mansfield university university park mall tsinghua university jefferson university indiana university of pennsylvania clarke university monster university reinhardt university centenary university university of alberta northern state university iona university viterbo university pfeiffer university linfield university western connecticut state university pennsylvania state university university of north carolina wilmington university of florida acceptance rate florida a&m university waynesburg university university of north alabama eastern oregon university letourneau university stratford university judson university howard payne university southern adventist university spring arbor university warner university northeastern state university university of louisiana lafayette toledo university southeast missouri state university university of central oklahoma our lady of the lake university highpoint university hawaii university blackboard ohio university university of louisiana