South African Rebound Could Benefit ETFs By Don Dion About this article: In this unstable economic climate, South Africa is ardently renewing efforts to pull itself out of a financial nosedive. Based on intimidating economic statistics, such a recovery may be an undoubtedly daunting task. As the largest economy of the continent, South Africa currently suffers a hefty 23.5% unemployment rate, as well as an annualized contraction of 6.4%. But harrowing statistics aside, the South African government recently reaffirmed its goals of improving poverty and unemployment rates (lowering them to 2004 levels by 2014). According to Bloomberg, Finance Minister Pravin Gordhan anticipates consistent annual growth of 2.5% to 3.5% once the global recession lessens. The country has also reemphasized its national priorities, declaring increased attention to the issues of health, education and justice systems, while reducing inequality and building new infrastructure. In light of the nation's potential turnaround, consider the iShares MSCI South Africa Index (EZA). Launched in February... Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET. Outside the U.S. and in Canada, call 1-212-321-5200. More Stories From RealMoney Durable Goods Up Move Down the Tech Food Chain Jobless Claims Still High Bulls' Tenacity Is the Big Question Mark Should You Buy It? Pharmaceutical Product Development Bad News Trumps All Support for Banks Holds, For Now Bummer, Yields Are on the Rise Money on the Line Makes a Big Difference Structured Products: Unsafe at Any Price MORE STORIES FROM REALMONEY

If you choose a 14-day free trial of RealMoney and you do NOT call to cancel within those 14 days, you will pay $129.95 — a $100 savings off the regular annual subscription price of $229.95. Unless you cancel before the end of that year, your subscription will automatically renew for another year at the then-current subscription price.

Offer applies only to new annual subscriptions, and is subject to change at any time. Void where prohibited.

If you choose a monthly subscription, you pay $34.95 per month. You will be notified if the current monthly rate of $34.95 changes at any time in the future.

TheStreet.com is a publisher. None of the contributors or their affiliates will provide you with personally tailored advice concerning the nature, potential, value or suitability of any particular security, portfolio of securities, transaction, investment strategy or other matter. From time to time, any or all of the contributors or their affiliates may hold positions in securities mentioned and they may trade for their own accounts. In cases where the position is held at the time of publication, appropriate disclosure is made.

© TheStreet.com, Inc., 14 Wall Street, 15th Floor, New York, NY 10005.