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МММ was a Russian company that perpetrated one of the world's largest Ponzi schemes of all time. By different estimates from 5 to 40 million people lost up to $10 billion. The company started attracting money from private investors, promising annual returns of up to 1,000%.
Reitz is located in the north-eastern part of the Free State province, 300 kilometres (190 mi) north-east of Bloemfontein and 180 kilometres (110 mi) south of Johannesburg. It lies roughly halfway between the towns of Bethlehem and Frankfort, at an elevation of 1,630 metres (5,350 ft).
Demographics of South Africa. According to the 2022 census, the population of South Africa is about 62 million people of diverse origins, cultures, languages, and religions. [ 1] The South African National Census of 2022 was the most recent census held; the next will be in 2032. [ 4]
The foreign relations of South Africa have spanned from the country's time as a Dominion of the British Empire to its isolationist policies under apartheid to its position as a responsible international actor taking a key role in Africa, particularly Southern Africa. South Africa is a member of the United Nations, the African Union and the ...
The economy of South Africa is a mixed economy, emerging market, and upper-middle-income economy, one of only eight such countries in Africa. [ 25][ 26][ 27] The economy is the most industrialised, technologically advanced, and diversified in Africa. [ 28] Following 1996, at the end of over twelve years of international sanctions, South Africa ...
South Africa accounted for 15% of the world's gold production in 2002 [23] and 12% in 2005, though the nation had produced as much as 30% of the yearly world output as recently as 1993. Despite declining production, South Africa's gold exports were valued at US$3.8 billion in 2005. [ 24 ]
As a response to South Africa 's apartheid policies, the international community adopted economic sanctions as a form of condemnation and pressure. Jamaica led the movement by being the first country to ban goods from apartheid South Africa in 1959. On 6 November 1962, the United Nations General Assembly passed Resolution 1761, a non-binding ...
Colonial racism. The region that would become modern-day South Africa was located in a position of advantage for European merchants who were seeking to organize and carry out trade in the East Indies, primarily Portuguese and Dutch colonists. [ 1] In 1652, the Dutch East India Company founded the Cape Colony at the Cape of Good Hope. [ 1]