Steel in South Africa

Entering the Steel Industry in Zimbabwe By: Andrew Blackmon, crack Kweskin, John Ludden, and Evan Teiger Overview of Zimbabwe Zimbabwe has a population of roughly 11.7 million that is ontogeny at 3% per year. Their GDP is roughly $5.5 gazillion, and purchasing berth is $4.3 billion. In 2009 the estimated unemployment rate was 94%. The biggest industry is agriculture, although Zimbabwe has rich deposits of coal, gold, platinum, copper, iron-ore, diamonds, nickel, tin, and clay. Zimbabwe produces steel, tin, woods products, cement, chemicals, fertilizer, clothing and footwear. They export platinum, clothing, gold, tobacco, and ferroalloys, mainly to South Africa and Republic of the congou tea. Their arrive exports are about $1.86 billion per year. Their imports (mainly from South Africa) are mainly machinery, transport equipment, chemicals, fuels, food products and other manufactured items. Zimbabwe is a terra firma with rich natural resources, many of which have been untapped due to political reasons. The government has faced a wide diversity of difficult economic problems in the past 20 years. Its meshing from 1998-2002 in the war in the Democratic Republic of the Congo cost them hundreds of millions of dollars.

The countrys land reform roll destroyed the commercial farming sector making Zimbabwe a net importer of foods. It also cost them 400,000 jobs. Until 2009, the country printed vast nitty-grittys of currency causing hyperinflation. Since the elimination of use of the Zimbabwe dollar in 2009, the thriftiness has registered its first growth in a decade (4% in 2010). Creating and operating a private iron-ore mine that is partially funded by the Zimbabwean government would be beneficial to both parties. Zimbabwe is in need of money and jobs. Unemployment is over 90% and the country has $5.7 billion of external debt. They also have a vast amount of iron-ore deposits in the Ripple Creek area that are non being mined. They are also importing many metal goods from South... If you want to get a full essay, order it on our website: Ordercustompaper.com

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