Question

However, one of the major threats to South Africa s economy is the mortaye ui cucu
Fortunately, the government of South Africa is presently addressing the problem by
power stations,
What kind of economic system does South Africa have?
Capitalism
Command
Mixed
D)
Traditional

Answer 1

Answer:

South Africa has a mixed economy.

Explanation:

• After South Africa gained independence from apartheid, its economic and industrial growth started happening in the true sense.

• In South Africa, the industries for the generation of electricity (Eskom), for civil aviation (South African Express Airways), for diamond mining (Alexkor), for the production of weapons and artillery (Denel), for railways (Transnet), etc. are owned by the government.

• Whereas, production and service industries other than the disciplines above are mostly owned by private players. This makes South Africa a mixed economy.