International Business. Country South Africa Essay

International Business - Economic Measures, and Transportation and Telecommunication Name Course Date     South Africa’s central bank has kept its benchmark interest rate at 6.75% since September 2018 and the prime lending rate at 10.25%.  In 2016, 2017 and 2018 the unemployment rate, total (% of total labor force) (modeled ILO estimate) was 26.55%, 27.33% and 27.37% (World Bank, 2019). The country’s inflation was in 2018 was 4.7%   within the 3.0%–6.0% target, while the GDP was 348.72 billion USD I 2017, while the real GDP growth rate was 1.3% in 2017 and 0.8% I 2018 (World Bank, 2019).  On 31 December 2018, US Dollar to South African Rand Exchange Rate was 1 USD= 14.3637 and the free floating exchange rate regime has been used for almost three decades (World Bank, 2019). The mining industry is the most dominant primary sector, while the manufacturing industry) is the most important secondary sector, and includes the (autos, food, drink and commercial machinery (Fitch, 2019).The major airports are located in major cities n Cape Town, Durban, Port Elizabeth, Richards Bay and Saldanha Bay,  O.R. Tambo International Airport, Cape Town International Airport, Port Elizabeth International Airport East London Airport and Durban International Airport. The Port of Durban handles the biggest container terminal in southern Africa, and there are other important seaports such as Port of East London, Port of Richards Bay, Port Nolloth and the Port of Saldanha Bay.  There is a total of total:...