Already one of the largest industrial segments in South Africa, the automotive sector is gearing up for some major changes scheduled to take effect in January 2013, when an import-incentive scheme that successfully expedited the development of the industry will be replaced by a programme designed to foster more local production of components. The...
Currently heavily reliant on coal-fired power stations that have contributed to the country’s ranking as the world’s 13th-largest emitter of greenhouse gases, South Africa’s energy master plan aims to significantly increase the contribution of renewables to electricity generation. From a very limited current contribution, the Integrated Resource...
Investment by international mining companies has long formed a key part of the country’s economic backbone, with extraction often receiving the largest share of foreign direct investment (FDI). While its share of total FDI stock in South Africa remains solid, capital flows into extractive industries were hit hard by the global economic crisis and...
Steel has long been a mainstay of South Africa’s industrialised economy and a major export. The country is blessed with large deposits of the basic inputs coking coal and iron ore, as well as a history of accessible electricity, robust domestic demand and significant regional export opportunities, which have helped build the steel market into what...
Talk to a South African about the country’s transport infrastructure and you are likely to elicit complaints and hand-wringing over road delays, ageing railway cars, congested ports and rising fees at the airports. If something is not done about it soon, the popular sentiment goes, competition from other nations in Africa could cost the country...
The Solvency Assessment and Management (SAM) regime currently overseen by the Financial Services Board (FSB) promises to bring the insurance sector a wide array of potential benefits. Rising industry confidence, increased professionalism in risk management and greater capital efficiency are all reasons many welcome the initiative. The scheme also...
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