South Africa’s Economy Slows

May 28th, 2009

For the first time since 1992, South Africa, the African continent’s largest economy, has slipped into a recession. The country’s gross domestic product fell 6.4 percent, its largest fall since 184.  While the nation has seen a boost in construction due to next year’s World Cup ceremonies, the manufacturing and mining industries (which make up sizeable chunks of the African nation’s economy as a whole) have slowed down, the BBC reports. “It’s far worse than we expected,” an economist told the news service. “It confirms the recession in the economy and certainly increases concerns about overall growth for 2009, given such a bad start for the year.” In response, the Reserve Bank of South Africa will cut interest rates by one percent.

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historical fact.. Said on

no slave was sent to america via south africa thats why most black americans dont know that south africa is a country not a region and that they have absolutely no dna connection to anyone in that region oprah and her wishful thinking apart..americans are generally seriously un educated about the rest of the worlds cultures but blacks are even more ignorant about where their ancesotrs came from as they are deliberately kept that way to keep them in check.

fefe Said on

Well historicalfact, you would say AA’s are ignorant. Why think all AA’s are uneducated. Some AA’s didn’t get a chance to learn anything but survival. We had to fight just to stay alive. So yea everyone is not educated. I am so sick and tired of people always belittling AA’s for everything. “Man we can’t catch a cold in this muphucka”. And if somehow millions of AA’s do find out their true heritge, maybe some of us don’t care to know.
Only thing i know is that yea AA’s aren’t perfect, and neither is you so stop with the stupid comments.
I know we get it other nationalities don’t like us “who cares” i will continue to do my part, and help our community and keep striving for the best for our culture. And one last thing even if africans aren’t fond of AA’s from the u.s. who cares. They can’t make me or break me.

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