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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 ...
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 ...
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 ...
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 ...
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.
A city united. In a dry climate, with rapid urbanization and relatively high per capita water consumption, Cape Town had all the makings of a water crisis. In 2018, after three years of poor rainfall, the city announced drastic action was needed to avoid running out. Reducing demand was a key priority. The City of Cape Town worked to get ...
The report highlights five interconnected risks impacting countries across the continent. 1. Unemployment and underemployment. Unemployment in sub-Saharan Africa stands at around 6%, according to the International Labour Organization. But most of the work available is unskilled or low-skilled, in part because the region has the world’s lowest ...
Image: REUTERS/Emma Rumney. Among the metal shacks and narrow side streets of South Africa’s townships, one of the country’s biggest lenders sees a sizeable market it wants to be first to crack: multi-million-rand businesses operating largely in cash. FirstRand (FSRJ.J), South Africa’s biggest lender by market share, sees enterprises such ...
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 ...
The establishment of colonial rule over the African interior (c. 1880-1900) reinforced Africa’s commodity export growth. Colonial control facilitated the construction of railways, induced large inflows of European investment, and forced profound changes in the operation of labour and land markets (Frankema and van Waijenburg 2012).