Covid-19 and the resulting fall in oil prices and demand has helped to accelerate a global shift towards renewable energy. While a number of sub-Saharan African countries continue to rely heavily on fossil fuels, the region is expected to benefit from the growing market for minerals central to this shift.
Improved sales in key segments of South Africa’s automotive industry point to a modest rebound in domestic demand, though much of the growth in the sector stemmed from rising exports.
South Africa’s food and beverages industry is one of a handful of key agri-processing segments set to benefit from a new state-led investment incentive scheme.
Stronger performance in the manufacturing industry helped keep South Africa’s economy out of a recession, and has led to a slight upward revision in annual growth forecasts.
While power shortages remain one of a number of challenges South African manufacturers are facing in 2015, there is a silver lining: solid demand and efforts to trim costs and boost operational efficiencies are expected to shore up earnings in certain segments.
South Africa’s mining industry has long been one of the economy’s most visible drivers, but uncertainty over legislation and a difficult operating environment are taking their toll.
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