With an economy worth roughly one-third of a trillion dollars, South Africa only accounts for 0.5% of global GDP. Nevertheless, the trillion-dollar market capitalisation of the Johannesburg Stock Exchange (JSE) makes the country’s bourse the 19th-largest exchange worldwide. South Africa has one of the highest equity capitalisation-to-GDP ratios globally, a unique phenomenon by...
AngloGold Ashanti is the world’s third-largest gold producer by volume, with annual production of around 4m oz and a strong presence in exploration, mining and marketing. The company is headquartered in Johannesburg and has 21 operations in 10 countries. Its major development projects are Tropicana in Australia, Kibali in the Democratic Republic of the Congo (DRC) and...
Stoking job creation in any country is a tricky thing, and South Africa is no exception, as the government faces an uphill battle in transforming what 20 years ago was a lopsided, closed and exclusionary system into an inclusive economy. The task is daunting. Unemployment ticked up to 25.5% at the end of the first half of 2014, and youth unemployment is estimated to be double...
The South African economy grappled with headwinds in early 2014, although it did avoid a recession in the second quarter of the year. The country’s long-term fundamentals remain fairly attractive, but the new cabinet still faced a tricky job of stimulating growth over the remainder of the year. The economy grew 0.6% in the second quarter of 2014, after shrinking by an...
Africa’s second-biggest economy and by far its most globally integrated in terms of capital and trade flows, South Africa has had to navigate challenging waters in recent years. The economy has come a long way since apartheid ended 20 years ago, with significant improvements in both productivity and capacity – and a GDP that is now 2.5 times larger – but domestic and exogenous...
As with many emerging markets, small and mediumsized enterprises (SMEs) make up a large proportion of South Africa’s private sector. According to the government’s economic blueprint, the National Development Plan, 90% of planned new jobs will be created by SMEs by 2030. To enable this, the government has rolled out a new department charged with aiding SME activity, the...
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