Economy Of The Western Cape
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Economy Of The Western Cape
The economy of the Western Cape in South Africa is dominated by the city of Cape Town, which accounted for 72.4% of the Western Cape's economic activity in 2023. The single largest contributor to the region's economy is the financial and business services sector, followed by manufacturing. Close to 30% of the gross regional product comes from foreign trade with agricultural products and South African wine, wine dominating exports. High-tech industries, international call centres, fashion design, advertising and TV production are niche industries rapidly gaining in importance. The Western Cape province had a Real gross domestic product, real GDP (constant 2015 prices) for 2023 of South African Rand, R660.60 billion (equivalent to US$35.67 billion) growing from R603.10 billion in 2013. In 2023 the economy grew by 0.8% with an annual inflation rate of 5.6%. The province accounts for 14% of South Africa's total GDP with Cape Town accounting for approximately 10.1% of the country's ...
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The Mutual Building (Mutual Gebou), Cape Town
The Mutual Building (), in Cape Town, South Africa, was built as the headquarters of the Old Mutual, South African Mutual Life Assurance Society, now the "Old Mutual" insurance and financial services company. It was opened in 1940, but before the end of the 1950s—less than 20 years later—business operations were already moving to another new office at Mutual Park in Pinelands, Cape Town, Pinelands (north east of the city centre); since then Old Mutual has become an international business and their present head office is in Johannesburg. The building is a fine example of art deco architecture and design, and it has many interesting internal features such as the banking hall, assembly room, directors' board room; external features include a dramatic ziggurat structure, prismoid (triangular) windows, and one of the longest carved stone friezes in the world. It has been said that it provides evidence of the colonial attitudes of the time, and the "''ideals of colonial government pr ...
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Suez Canal
The Suez Canal (; , ') is an artificial sea-level waterway in Egypt, Indo-Mediterranean, connecting the Mediterranean Sea to the Red Sea through the Isthmus of Suez and dividing Africa and Asia (and by extension, the Sinai Peninsula from the rest of Egypt). The canal is a key trade route between Europe and Asia. In 1858, French diplomat Ferdinand de Lesseps formed the Suez Canal Company, Compagnie de Suez for the express purpose of building the canal. Construction of the canal lasted from 1859 to 1869. The canal officially opened on 17 November 1869. It offers vessels a direct route between the Atlantic Ocean#North Atlantic, North Atlantic and northern Indian Ocean, Indian oceans via the Mediterranean Sea and the Red Sea, avoiding the South Atlantic and southern Indian oceans and reducing the journey distance from the Arabian Sea to London by approximately , to 10 days at or 8 days at . The canal extends from the northern terminus of Port Said to the southern terminus of Port ...
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Slavery Abolition Act 1833
The Slavery Abolition Act 1833 ( 3 & 4 Will. 4. c. 73) was an act of the Parliament of the United Kingdom, which abolished slavery in the British Empire by way of compensated emancipation. The act was legislated by Whig Prime Minister Charles Grey, 2nd Earl Grey's reforming administration, and it was enacted by ordering the British government to purchase the freedom of all slaves in the British Empire, and by outlawing the further practice of slavery in the British Empire. The act was repealed in 1998 as a part of a broader restructuring of English statute law, though slavery remains abolished. Background In May 1772, Lord Mansfield's judgment in the ''Somerset'' case emancipated a slave who had been brought to England from Boston in the Province of Massachusetts Bay, and thus helped launch the movement to abolish slavery throughout the British Empire. The case ruled that slavery had no legal status in England as it had no common law or statutory law basis, and as such so ...
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Battle Of Blaauwberg
The Battle of Blaauwberg (also known as the Battle of Cape Town) was a successful British amphibious operation during the War of the Third Coalition which lasted from 8–18 January 1806 and resulted in the capture of the Dutch Cape Colony. After defeating their Batavian Republic, Batavian opponents, the British signed a treaty under the Treaty Tree in Woodstock, Cape Town which established Britain's control over the Cape Colony. The colony later became a permanent part of the British Empire following the Congress of Vienna that marked the end of the Napoleonic Wars in 1814. Due to establishing permanent British rule over the Cape Colony, the battle would have many ramifications for southern Africa during the nineteenth and twentieth centuries. A bi-centennial commemoration of the battle was held in January 2006. Background In 1795, the Kingdom of Great Britain, British carried out a successful invasion of the Cape Colony during the War of the First Coalition, capturing the c ...
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Slavery
Slavery is the ownership of a person as property, especially in regards to their labour. Slavery typically involves compulsory work, with the slave's location of work and residence dictated by the party that holds them in bondage. Enslavement is the placement of a person into slavery, and the person is called a slave or an enslaved person (see ). Many historical cases of enslavement occurred as a result of breaking the law, becoming indebted, suffering a military defeat, or exploitation for cheaper labor; other forms of slavery were instituted along demographic lines such as race or sex. Slaves would be kept in bondage for life, or for a fixed period of time after which they would be granted freedom. Although slavery is usually involuntary and involves coercion, there are also cases where people voluntarily enter into slavery to pay a debt or earn money due to poverty. In the course of human history, slavery was a typical feature of civilization, and existed in most socie ...
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Pre-industrial
Pre-industrial society refers to social attributes and forms of political and cultural organization that were prevalent before the advent of the Industrial Revolution, which occurred from 1750 to 1850. ''Pre-industrial'' refers to a time before there were machines and tools to help perform tasks ''en masse''. Pre-industrial civilization dates back to centuries ago, but the main era known as the pre-industrial society occurred right before the industrial society. Pre-Industrial societies vary from region to region depending on the culture of a given area or history of social and political life. Europe was known for its feudal system and the Italian Renaissance. The term "pre-industrial" is also used as a benchmark for environmental conditions before the development of industrial society: for example, the Paris Agreement, adopted in Paris on 12 December, 2015 and in force from 4 November, 2016, "aims to limit global warming to well below 2, preferably to 1.5 degrees celsius, com ...
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Income Inequality
In economics, income distribution covers how a country's total GDP is distributed amongst its population. Economic theory and economic policy have long seen income and its distribution as a central concern. Unequal distribution of income causes economic inequality which is a concern in almost all countries around the world. About Classical economists such as Adam Smith (1723–1790), Thomas Malthus (1766–1834), and David Ricardo (1772–1823) concentrated their attention on factor income-distribution, that is, the distribution of income between the primary factors of production (land, labour and capital). Modern economists have also addressed issues of income distribution, but have focused more on the distribution of income across individuals and households. Important theoretical and policy concerns include the balance between income inequality and economic growth, and their often inverse relationship. The Lorenz curve can represent the distribution of income within ...
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Roggeveld
The Roggeveld (Afrikaans for "rye field") is a plateau in the Karoo region of the Northern Cape, South Africa. Its name comes from the wild rye once plentiful in the area. The Roggeveld Mountains, west of the plateau in the Northern Cape The Northern Cape ( ; ; ) is the largest and most sparsely populated Provinces of South Africa, province of South Africa. It was created in 1994 when the Cape Province was split up. Its capital is Kimberley, South Africa, Kimberley. It includes ..., are named after it. Landforms of South Africa Plateaus of Africa Landforms of the Northern Cape {{NorthernCape-geo-stub ...
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Namaqualand
Namaqualand ( Khoikhoi: "Nama-kwa" meaning Nama Khoi people's land) is an arid region of Namibia and South Africa, extending along the west coast over and covering a total area of . It is divided by the lower course of the Orange River into two portions – Little Namaqualand to the south and Great Namaqualand to the north. Little Namaqualand is within the Namakwa District Municipality, forming part of Northern Cape Province, South Africa. It is geographically the largest district in the country, spanning over 26,836 km2. A typical municipality is Kamiesberg Local Municipality. The semidesert Succulent Karoo region experiences hot summers, sparse rainfall, and cold winters.Discover South Africa: Your Online Travel Directory. Discover Namakwa. Great Namaqualand, in the Karas Region of Namibia Namibia, officially the Republic of Namibia, is a country on the west coast of Southern Africa. Its borders include the Atlantic Ocean to the west, Angola and Zambia to th ...
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Paarl
Paarl (; ; derived from ''parel'', meaning "pearl" in Dutch) is a city with 294,457 inhabitants in the Western Cape province of South Africa. It is the largest city in the Boland, Western Cape, Cape Winelands. Due to the growth of the Mbekweni township, it is now a de facto urban unit with Wellington, Western Cape, Wellington. It is situated about northeast of Cape Town in the Western Cape Province and is known for its scenic environment and viticulture and fruit-growing heritage. Paarl is the seat of the Drakenstein Local Municipality; although not part of the Cape Town metropolitan area, it falls within its economic catchment. Paarl is unusual among South African place-names, in being pronounced differently in English than in Afrikaans; likewise unusual about the town's name is Afrikaners customary attachment to it, saying not ''in Paarl'', but rather ''in die Paarl'', or ''in die Pêrel'' (literally, "in the Paarl"). Paarl gained additional international attention when, o ...
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Pastoral
The pastoral genre of literature, art, or music depicts an idealised form of the shepherd's lifestyle – herding livestock around open areas of land according to the seasons and the changing availability of water and pasture. The target audience is typically an urban one. A ''pastoral'' is a work of this genre. A piece of music in the genre is usually referred to as a pastorale. The genre is also known as bucolic, from the Greek , from , meaning a cowherd. Literature Pastoral literature in general Pastoral is a mode of literature in which the author employs various techniques to place the complex life into a simple one. Paul Alpers distinguishes pastoral as a mode rather than a genre, and he bases this distinction on the recurring attitude of power; that is to say that pastoral literature holds a humble perspective toward nature. Thus, pastoral as a mode occurs in many types of literature (poetry, drama, etc.) as well as genres (most notably the pastoral elegy) ...
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Adam Smith
Adam Smith (baptised 1723 – 17 July 1790) was a Scottish economist and philosopher who was a pioneer in the field of political economy and key figure during the Scottish Enlightenment. Seen by some as the "father of economics"——— or the "father of capitalism".———— He is known for two classic works: ''The Theory of Moral Sentiments'' (1759) and ''The Wealth of Nations, An Inquiry into the Nature and Causes of the Wealth of Nations'' (1776). The latter, often abbreviated as ''The Wealth of Nations'', is regarded as his ''magnum opus'', marking the inception of modern economic scholarship as a comprehensive system and an academic discipline. Smith refuses to explain the distribution of wealth and power in terms of divine will and instead appeals to natural, political, social, economic, legal, environmental and technological factors, as well as the interactions among them. The work is notable for its contribution to economic theory, particularly in its exposition o ...
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