Generally speaking, however, some terms do have application. Economically, the country can be classified as a developing nation, in the same category (but not of the same size) as countries such Russia, China, India and Brazil. Although South Africa is a lot smaller than these countries, the economy is also developing in various sectors, such as services and manufacturing, and the population is slowly being economically uplifted.
Geographically, South Africa is positioned at the southern end of the African continent, far away from Europe, the USA and Asia, but nevertheless an important destination on the international trade map, due to ample deposits of natural resources.
Politically, South Africa has achieved relative stability in recent times after centuries of internal conflict and misguided government policies. It is in this vein of new hope and inspiration that one may approach the country, both as a new home and as an investment destination of choice.
Money Transfers to and from South Africa - here's how:
- Foreign exchange regulations in South Africa 03-01-2011
- Essential money transfer advice for all transactions 02-01-2011
- Exchange control relaxed in South Africa 28-10-2010