South Africa

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The fast profits of the past few years may be a thing of the past, as South Africa's housing market begins to show signs of cooling down, due to rising interest rates and the slowing of nominal house price growth.
For years, South African Airways (SAA) has dominated the skies of South Africa, but with the introduction of low-cost airlines, companies such as Mango, 1time and Kulula.com have managed to grab their own piece of the sky.
A group of stakeholders from the mining industry recently met at a high-level forum to iron out problems hindering investment in South Africa's mining industry.
The construction industry will need to double its levels of productivity if the Accelerated and Shared Growth Initiative for South Africa (Asgisa) targets are going to be met, according to newly appointed Minister of Public Works Thoko Didiza.
Alec Erwin, the public enterprises minister, has announced South Africa's intentions to create a broadband infrastructure company that is expected to transform information technology use in the country.
The South African department of trade and industry (DTI) is currently finalising the implementation of extensive legislative changes that will drastically improve the country's competitiveness in the race to attract process-outsourcing businesses.

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