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MID, UNCTAD, UNESCO, UNHCR, UNIDO, UNITAR, UNWTO, UPU, WCL, WCO, WFTU, WHO, WIPO, WMO, WTO, ZC Diplomatic representation in the US: chief of mission: Ambassador Welile Augustine NHLAPO chancery: 3051 Massachusetts Avenue NW, Washington, DC 20008 telephone: [1] (202) 232-4400 FAX: [1] (202) 265-1607 consulate(s) general: Chicago, Los Angeles, New York Diplomatic representation from the US: chief of mission: Ambassador Eric BOST embassy: 877 Pretorius Street, Pretoria mailing address: P. O. Box 9536, Pretoria 0001 telephone: [27] (12) 431-4000 FAX: [27] (12) 342-2299 consulate(s) general: Cape Town, Durban, Johannesburg Flag description: two equal width horizontal bands of red (top) and blue separated by a central green band that splits into a horizontal Y, the arms of which end at the corners of the hoist side; the Y embraces a black isosceles triangle from which the arms are separated by narrow yellow bands; the red and blue bands are separated from the green band and its arms by narrow white stripes Economy 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 17th largest in the world; and modern infrastructure supporting an efficient distribution of goods to major urban centers throughout the region. Growth has been robust since 2004, as South Africa has reaped the benefits of macroeconomic stability and a global commodities boom. However, unemployment remains high and outdated infrastructure has constrained growth.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 African 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. GDP (purchasing power parity): $467.8 billion (2007 est.) GDP (official exchange rate): $282.6 bil
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