Refer to Source 3A - NSC History - Question 3 - 2024 - Paper 2
Question 3
Refer to Source 3A.
3.1.1 When, according to the source, did South Africa become a member of BRICS?
3.1.2 Quote ONE reason from the source why South Africa was do... show full transcript
Worked Solution & Example Answer:Refer to Source 3A - NSC History - Question 3 - 2024 - Paper 2
Step 1
When, according to the source, did South Africa become a member of BRICS?
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Answer
South Africa became a member of BRICS in 2010.
Step 2
Quote ONE reason from the source why South Africa was downgraded by rating agencies in 2014 and 2015.
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Answer
One reason mentioned in the source is 'poor growth prospects' for the South African economy.
Step 3
Comment on what the World Bank implied by 'South Africa remains a dual economy with one of the highest inequality rates in the world'.
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The World Bank's statement indicates that South Africa has a significant divide between its wealthy and poor populations, suggesting a stark contrast in living standards. Despite the country's economic development, the persistent inequality signifies that a large portion of the population does not benefit from the country's wealth, leading to social and economic challenges.
Step 4
Define the term inequality in your own words.
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Inequality refers to the disparity in resources and opportunities among individuals or groups, often manifesting as differences in wealth, income, education, and access to essential services.
Step 5
What, according to the source, was South Africa's Gini income in 2008?
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Answer
According to the source, South Africa's Gini income in 2008 was 0.70.
