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Slide1: 

Economic Highlights Ten year average real GDP growth: 3.2% (2005) Rand (R) appreciation vs. US$: 40% 2002 to 2005 Targeted inflation at 3.9% and prime interest rate down to 10.5% (2005) S.A. accounted for 39% total Sub-Saharan Africa GDP (2005)     Development Figures S.A. suffers from high unemployment and one of the most unequal income distributions in the world Human Development Index (2005): 120 out of 177 countries Sources: South African Reserve Bank Statistics SA South African Revenue Service South African Institute of Race Relations The World Bank Human Development Report U.S. Department of Commerce Primary: Agriculture, Mining Secondary: Manufacturing, Construction, Utilities Tertiary: Trade, Transport, Services Industry Sectors 

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U.S.-South African Trade U.S. is a top 3 import/export partner of S.A. (2005) S.A. exports to U.S. were $5.9 billion in 2004 and 2005, after an increase of 21% from 2003 to 2004 S.A. AGOA exports to U.S. were $1.5 billion in 2005 U.S. Investment in South Africa U.S. is the largest portfolio investor in S.A. U.S. is the second largest source of foreign direct investment (FDI) in S.A. after the U.K. Total U.S. FDI Dec. 31, 2004 = $5 Billion Note: Rand amounts converted to dollars using annual average rate