South Africa Economy
Work abroad sounds like an adventure to many people. However, South Africa job search requires more than just the obvious South Africa CV with South Africa cover letter writing and translation, it requires thorough preparation. You will experience problems that probably did not even come to your mind when you decided to get jobs in South Africa.
Do not take too lightly the influence work in South Africa can have on the effect of your adventure! For instance, you will experience the different immigration rules and practices, strange job application procedures, unfamiliar job candidate selection criteria and out of the ordinary management culture.
Most visits to South Africa are trouble-free but you should be aware of the risk of indiscriminate terrorist attacks, which could be against civilian targets, including places frequented by expatriates and foreign travellers like restaurants, hotels, clubs and shopping areas. You should exercise a high degree of caution due to violence in the country experiencing a deteriorating security situation.
High levels of criminal activity, as well as demonstrations, protests and occasional illegal roadblocks, remain a concern throughout the country. In recent years, the South African authorities have carried out a number of investigations and operations against drug-related crimes and terrorist networks.
Monitor local news broadcasts and consular messages. Ensure that your travel documents and visas are current, valid and secured in a safe place. Carry a photocopy of your travel documents in lieu of the originals. Maintain a low profile, vary times and routes of travel, and exercise caution while driving. Making local contacts quickly and seeking support from other expatriates will greatly increase your comfort and safety.
South Africa economy - overview: South Africa is a middle-income, emerging market with an abundant supply of natural resources; well-developed financial, legal, communications, energy, and transport sectors; a stock exchange that is 18th largest in the world; and modern infrastructure supporting an efficient distribution of goods to major urban centres throughout the region.
Growth was robust from 2004 to 2007 as South Africa reaped the benefits of macroeconomic stability and a global commodities boom, but began to slow in the second half of 2008 due to the global financial crisis' impact on commodity prices and demand. However, unemployment remains high and outdated infrastructure has constrained growth. At the end of 2007, South Africa began to experience an electricity crisis because state power supplier Eskom suffered supply problems with aged plants, necessitating "load-shedding" cuts to residents and businesses in the major cities.
Daunting economic problems remain from the apartheid era - especially poverty, lack of economic empowerment among the disadvantaged groups, and a shortage of public transportation. South Africa's economic policy is fiscally conservative but pragmatic, focusing on controlling inflation, maintaining a budget surplus, and using state-owned enterprises to deliver basic services to low-income areas as a means to increase job growth and household income.
The current government largely follows these prudent policies, but must contend with the impact of the global crisis and is facing growing pressure from special interest groups to use state-owned enterprises to deliver basic services to low-income areas and to increase job growth.
Labor force - by occupation: agriculture 9%, industry 26%, services 65% (2007 est.); agriculture 30%, industry 25%, services 45% (1999 est.)
Unemployment rate: 23.9% (2011 est.), 21.7% (2008 est.); 37% (includes workers no longer looking for employment) (2001 est.)
Natural resources: gold, chromium, antimony, coal, iron ore, manganese, nickel, phosphates, tin, uranium, gem diamonds, platinum, copper, vanadium, salt, natural gas
Industries: mining (world's largest producer of platinum, gold, chromium), automobile assembly, metalworking, machinery, textile, iron and steel, chemicals, fertilizer, foodstuffs
Currency: Rand (ZAR; symbol R) = 100 cents. Notes are in denominations of R200, 100, 50, 20 and 10. Coins are in denominations of R5, 2 and 1, and 50, 20, 10 and 5 cents.
Credit/Debit Cards and ATMs: MasterCard and Visa are preferred. American Express and Diners Club are also widely accepted. ATMs are available all over the towns and cities including shopping malls and petrol stations and accept all international debit and credit cards. Almost all hotels, shops and restaurants, and even national parks and game reserves, accept credit cards. They are not accepted at petrol stations, however. Petrol must always be paid for with cash.
Traveller’s Cheques: Valid at banks, hotels, restaurants and some tourist-orientated shops. To avoid additional exchange rate charges, travellers are advised to take traveller’s cheques in Pounds Sterling or US Dollars.
Exchange rates: Rand (ZAR) per US dollar - 7.164 (2011 est.), 7.32 (2010 est.), 8.42 (2009), 7.9576 (2008), 7.05 (2007), 6.7649 (2006), 6.3593 (2005), 6.4597 (2004), 10.54 (2002), 8.61 (2001), 6.94 (2000), 6.11 (1999), 5.53 (1998)
Inflation rate (consumer prices): 5% (2011 est.), 11.3% (2008 est.)
Other South Africa Economy Info
To be successful in your South Africa job search and getting the job you want, you need to prepare South Africa cover letter and South Africa CV which you must email instantly to the prospective employers selected during a job search in South Africa.
When you receive an invitation to the South Africa job interview, you may apply for the South Africa visa and South Africa work permit. Then prepare yourself for a job interview and take a look at South Africa dress code because how you dress is one of the most important attributes in being hired.
Good luck with the South Africa economy info!