Under Apartheid, state run businesses were well run and financed, and delivered what was expected of them , albeit inefficiently. It was a war economy and under siege with international sanctions. read more
The Industrial Development Corporation (IDC) financed many businesses first in South Africa, and more recently in the rest of Africa. Major ones included FOSKOR, SASOL and SOEKOR. Small shareholdings are held in the likes of Sasol and ArcelorMittal South Africa (formerly ISCOR). Most of these are commercially run. read more
Is south Africa a mixed economy. Yes it is. South Africa is a country located at the southern tip of the African continent. It also includes a small, sub-Atlantic archipelago of the Prince Edward Islands. Neighboring countries include Botswana, Lesotho, Mozambique, Namibia, Swaziland, and Zimbabwe. read more
Today, South Africa is a social-market economy at best with a nominally free-market system with limited government intervention in price formation. But the state provides significant services in the area of social security, unemployment benefits and recognition of labour rights through national collective bargaining arrangements. read more