Monday, February 14, 2011

South Africa, Pretoria - Cost of Living

The economy of South Africa is a two tiered economy; one rivaling other developed countries and the other with only the most basic infrastructure. It is therefore a productive and industrialised economy that exhibits many characteristics associated with developing countries, including a division of labour between formal and informal sectors and an uneven distribution of wealth and income. The primary sector, based on manufacturing, services, mining, and agriculture, is well developed.

Pretoria is a city located in the northern part of Gauteng Province, South Africa. It is one of the country's three capital cities, serving as the executive (administrative) and de facto national capital. As the national administrative (executive) capital of South Africa, Pretoria is the seat of government and houses the headquarters of the main government departments and ministries. As the de facto capital city, it also hosts the foreign embassies and diplomatic missions. The city is a major commercial centre and an important industrial centre. Its main industries are iron and steel works, copper casting, and the manufacture of automobiles, railway carriages and heavy machinery.

Pretoria has an overall cost of living index which equates it with middle cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups.

The latest cost of living rank for each of the 13 Basket Groups is now available.

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