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...
South Africa Economy
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Articles & Analysis | Promoting youth employment and working to resolve labour disputes from The Report: South Africa 2014
Interviews & Viewpoints | OBG talks to S’dumo Dlamini, President, Congress of South African Trade Unions (COSATU) from The Report: South Africa 2014
Interviews & Viewpoints | OBG talks to Rob Davies, Minister of Trade and Industry from The Report: South Africa 2014
How will the Promotion and Protection of Investment Bill impact foreign direct investment (FDI)?
Articles & Analysis | SMEs face an uphill climb against new legislation and red tape from The Report: South Africa 2014
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...
Interviews & Viewpoints | OBG talks to Nhlanhla Nene, Minister of Finance from The Report: South Africa 2014
Articles & Analysis | The government has been taking action to tackle unique challenges from The Report: South Africa 2014
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...