South Africa's economy is the largest in Africa ahead of Nigeria, represents 24% of its GDP in terms of purchasing power value and is classified as a upper middle income economy from the WORLD BANK; placing the country among the top four African countries in this category. According to official estimates, a quarter of the population is unemployed, however, South Africa has comparative advantages in the production of agricultural, mining and manufacturing products related to these sectors.LITERARY REVIEW TYPES OF ECONOMIC SYSTEMS: a) ECONOMIC COMMAND SYSTEM: a system in in which the government determines what goods should be produced, how they should be produced, how they should be produced, how much they should be produced, and the price at which they will be offered for sale. This system is unable to efficiently allocate resources due to the central planner's inability to discern how much good should be produced. Surpluses and shortages are a very common consequence of a planned economy. b) ECONOMIC MARKET SYSTEM: an economic system in which decisions and the determination of prices of goods and services are influenced by the entire interaction of citizens and businesses of a country. This system does not involve much government intervention. This system works on the assumption that market forces, such as supply and demand, are the best determinants of what is right for a country's well-being. Recently most developing countries are classified as having mixed economies and are most often said to have market economies as they allow market forces to drive most of their activities. c) MIXED ECONOMIC SYSTEM: The system has characteristics of both capitalism and socialism. The system allows for a bit of private economic freedom in the middle of the paper… an additional 35 billion to GDP, according to PRAVIN GORDHAN, FINANCE MINISTER of South Africa. RECOMMENDATIONS: South Africa has done well for itself economically. The South African government is determined to address key challenges through the economic integration of the previously disadvantaged majority. South Africa's mixed economy is suited to our economic conditions and works effectively. The country is currently working towards a better future for all economically and so far so good compared to where the sheep come from. CONCLUSION: After all is said and done, South Africa's mixed economy continues to grow regardless of the fact that a quarter of our population population is unemployed, such challenges are currently being resolved. Our modern infrastructure supports the efficient distribution of goods throughout the Southern Africa region.