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Explain any five economic factors that led to industrialization in South Africa

      

Explain any five economic factors that led to industrialization in South Africa

  

Answers


Dana
Technology: through deliberate education policy advanced by the whites, the administration encouraged technological advancements locally. Faced by international sanction and bans, the white led government encouraged internal scientific and technological investment.

Mineral resources: South Africa is well endowed with mineral resources. The exploitation of gold, diamond and coal formed the backbone of the manufacturing industry. Other minerals mined in South Africa are copper, zinc, uranium and iron ore

Capital: a great number of the whites invested their capital in industry to meet the demands of the market. The Johannesburg stock exchange was established in 1887 to provide credit and finance capital
Entrepreneurship: the willingness of South African whites to invest in industry assisted in industrial development

Labor supply: the black South African population provided over 70% of cheap, adequate and ready labor for industries

Dana05 answered the question on June 14, 2019 at 11:45


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