South Africa's economy in 5 charts | World Economic Forum
May 8, 2019 · South Africa fell five places in the World Economic Forum’s Global Competitiveness Report 2018, to 67th out of 140 economies. Although it holds the second spot in sub-Saharan Africa, due to its well-developed financial system (18th place) and market size (35th), it performs poorly on health (125th) and comes only eight from the bottom for ...
Things are bad and getting worse for South Africa. Or are they?
Aug 26, 2019 · Our economy is substantial: in terms of stocks traded in 2017, South Africa trumps the Middle East and North Africa region, Singapore and Norway; and holds 82% of the pension fund assets in Africa, 18 times that of its second ranked peer, Nigeria (in spite of Nigeria’s GDP being larger than our own, and their population being 3.4 times larger ...
5 ways South Africa changed after Mandela’s release
Jul 17, 2015 · Here are five ways South Africa changed after Mandela’s release. 1. South Africa’s economy. South Africa had spent many years in economic isolation by the time apartheid ended. Nelson Mandela had to find a way to manage the transition from apartheid without risking an economic collapse. His aspirations were to share the country’s natural ...
How do we solve the energy crisis in South Africa?
The contribution of small-scale residential generation is being delayed by an absence of clear policies and regulation. Generation from solar panels could account for 30 GW capacity in South Africa by 2050. The forecast in the 2013 IRP assumes an average residential installation size of 5 kilowatts (kW). This means the 30 GW of energy in 2050 ...
How Africa is leading the way in dealing with 'e-waste'
Mar 25, 2022. African nations are dealing with e-waste using policies, legislation and regulation. Their efforts can be a lesson to other nations around the world. Image: set.sj for Unsplash. A record 53.6 metric tonnes of e-waste - discarded electrical and electronic equipment - was generated globally in 2019, and the quantity is still rising.
How Africa can secure its long-term economic growth
Sep 4, 2019 · Data from the African Development Bank (AFD) shows Africa’s GDP growth reached roughly 3.5% last year, about the same as a year earlier, and up 1.4 percentage points from the 2.1% in 2016. The continent’s growth this year is projected to accelerate to 4% and 4.1% in 2020. While higher than other emerging and developing countries, Africa’s ...
How Africa’s AfCFTA Agreement will boost its agriculture | World ...
Mar 14, 2023 · Listen to the article. Agriculture makes up 35% of Africa’s GDP and employs about half of its people, but the continent still imports billions of dollars of agri-product every year. Under the African Continental Free Trade Area (AfCFTA) agreement, Africa’s need to import so much will be reduced, and domestic processing capacity boosted ...
Africa at Davos 2024: What the leaders and experts had to say
Jan 19, 2024 · WTO Director-General at Davos 2024: There’s a better way to do globalization. At the same time, she said that the balance of trading power is shifting towards the South. Whereas North-South trade has remained stable over the past few years, South-to-South trade is on the rise, with the South now becoming a power trading bloc.
South Africa has a skills shortage. How do we fix it?
May 10, 2016 · According to the World Economic Forum’s Future of Jobs study, the result could be a net loss of over 5 million jobs in 15 major developed and emerging economies – including South Africa. These patterns may even be more aggravated in other African economies, unless we act today. The study highlights that skill demands will change ...
3 ways technology can boost economic growth in Africa
Feb 3, 2022 · Africa's economic growth will be greatly helped by how it adopts digital economy innovations. African countries need to invest more in research and development (R&D) and international partners should offer investment support to create home-grown digital solutions. Reaching sustainable development goals (SDGs) and mitigating the effects of ...