Southern Africa is one of the most beautiful countries in the world and a very popular tourist destination for people around the world. South Africa, also called the Republic of South Africa (RSA0 is located at the most Southern corner of the African continent and is known to support a plethora of different species.

Even when it comes to people, the diversity is amazing. The country is home to people from several different cultures who speak several different languages and have different ways of life. When a country is home to such diversity, it is apparent that it has been through several wars and has fought many wars of independence.

Trade and the Mining Controversies in South Africa:

However, there is a different phenomenon that comes with such diversity and such a huge population base. That phenomenon is what we call trade, whereby an exchange of goods takes place. Now, every now and then you will find analysts discussing the great potential that the South African country possesses. This comes from the widespread natural resources that still remain untapped.

This automatically points to the fact that a great deal of GDP of South Africa comes from the primary industry from industries such as the mining industry. This has meant that South Africa has become a mining site for miners around the world who come in search of natural resources. It must be added here that the local community does feel that their sovereignty is being breached, through this exercise, the country lacks the professional expertise to unearth these precious deposits on its own.

Efforts to Promote Mining through Companies within South Africa

Keeping in mind this phenomenon of foreign companies taking the precious raw materials from South Africa, there have been efforts to help mining companies set up there. What this will do is enable trading to stay within the country instead of shifting the revenue to other countries. However, it will take some time till the mining sector within the country is good enough to undertake all operations on its own and until then, the country has to rely on foreign firms to do their job for them.

South African Trade and Investment Promotion Fund

The South African Trade and Investment Promotion Funds is one of the main ways that the government is trying to increase domestic production to enhance trade not just in the country but in all of Africa. This fund is designed to allow easy credit finances to firms looking to make a profit from the recent initiative to allow free movement of good within the African Continent.

Once set up, the fund and the entire scheme of free trade throughout Africa will bring great profits for manufacturers not only in South Africa, but also in Africa. This is expected to pave way to worldwide trade from South Africa and soon a self-sufficient mining industry to capitalize on the vast mineral resources available, yet untapped in the country. The idea has the backing of the government and people throughout the country have pinned their hope to this project