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South Africa: Rich Country, Poor Economy | State Price

Industrial Park Format.Lviv - an environment for the development of manufacturers https://formatsia.com.ua 30 years ago, South Africa overcame apartheid and entered a new era of democracy. But has this historical achievement guaranteed economic success? 🔴 Main challenges: ▪️ Corruption – incompetence of officials and embezzlement of state resources ▪️ Energy crisis – regular power outages since 2007 ▪️ Unemployment – one of the highest rates in the world ▪️ Infrastructure decay – lack of water supply and basic services ▪️ State enterprises in chaos – Eskom, Transnet, and other giants drowning in debt 🇿🇦 South Africa today – a country with immense potential, rich natural resources, and a powerful economy (the largest in Africa). But why do these advantages not translate into real improvements in people's lives? 👉 In the video, we analyze how the African National Congress failed to meet the post-apartheid expectations, why South Africa's economy is stalled, and whether the country has a chance for a breakthrough. 📢 *Join the discussion in the comments!* Advertising and cooperation: [email protected] 🤝Support our work: 💰Sponsorship on YouTube: / @costua 💰Become a patron / costua 💰Card transfer https://secure.wayforpay.com/donate/d... 💰 PayPal: [email protected] (indicate "for video") This video was created with the support of Atlas Network 00:00 Introduction 04:45 Colonization 07:42 Wars, resources, and political changes 13:13 Apartheid era 23:10 Transition to democracy and exit from isolation 26:03 Democracy: expectations and reality 31:15 Impact of corruption on South Africa's economic development 34:55 Economic unfreedom and innovation capacity 37:12 Natural resources 38:29 How Ukraine can avoid repeating South Africa's path 41: 17 Power outages 45:06 Social issues 50:37 Human development index and outflow of wealthy citizens 52:52 South Africa on the international stage 54:20 Influence of China and internal challenges of South Africa 59:02 Conclusions #africa #economy #corruption

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