South Africa’s Justice Minister Jeff Radebe has promised to publish the names and details of all public service officials ever found guilty of corruption, reported AFP, in response to criticism that authorities had been too soft on graft despite a government-declared ‘war on corruption’.
Fellow-BRICS nations Brazil and South Africa are now locked in a bitter trade dispute over their respective poultry industries, said a report by the BBC on Wednesday.
The dispute arose after South Africa accused Brazil of dumping chickens on its market, forcing South-African farmers to cut jobs as they could not compete with Brazil’s “unfairly low” prices.
The latest round of US sanctions on Iran has left many countries scrambling for new sources for oil. South Africa, who receives nearly 25 percent of its need from Iran, is no different. Yet for South Africa, the situation is further complicated due to its long ties with Iran. Additionally, as the only the nation in the world to have voluntarily surrendered its incipient nuclear weapons program, South Africa could be a crucial player in Iran’s nuclear talks.
South Africa is a lower middle-income economies coming under the Middle East and North American region as to the classification made by the World Bank on the basis of income and region for the year 2006.
The country’s economy gets larger support from the agricultural products such as wheat, barley, potatoes, flax and tobacco. Wine and olive oil are also the major areas of concern for the country’s production. Major industries of the country are oil, light industry and food processing.
As an emerging market, South Africa has a huge supply of natural resources. In addition to this, the country is well developed in a number of sectors to include communications, financial, energy, legal, and transport. The facilities and infrastructure of this part of the world is modern and capable of supporting distribution of favorable to urban areas. From 2004 to the first part of 2008, South Africa experienced incredible growth but when the global financial crisis hit, commodity prices were affected.
