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The South African economy, like many emerging and developing economies, has high levels of poverty. As with many such countries, there are three primary objectives to reducing poverty, unemployment and inequity. These three objectives take precedence over almost all other goals.
The industrial base of a country depends on a reliable supply of electricity and steel. Hence in the 1930s, South Africa developed both Eskom and Iscor, since then the economy has diversified considerably. While the industrial and mining base of the country remains dependent on reliable supplies of these primary products, the manufacturing industries, the secondary and mining sectors, in particular, also need to be developed through efficient labour and technical training.