As demand for environmentally sustainable transport grows, a number of emerging markets are ramping up their efforts to incentivise the sale and production of electric vehicles (EVs).
South Africa Transport
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The arrival of a new budget airline in South Africa promises cheaper domestic fares for travellers, though the increased competition may put pressure on the low-cost carrier (LCC) segment given weak consumer spending.
Although South Africa’s macroeconomic indicators remain soft, recent data shows that foreign investors are continuing to flow into the country as a public sector-backed infrastructure spending campaign is rolled out.
Investments in South Africa’s rail services are set to pick up pace thanks to new orders in rolling stock and locomotives, with local service and materials suppliers expected to benefit from a swathe of new projects.
Rising demand for both private and commercial vehicles should put South Africa’s automotive industry on course to post full-year growth, with a recent rally helping to compensate for flat sales at the beginning of 2014.
Japan has joined France, Germany, China and South Korea as a prospective investor in South Africa’s proposed high-speed rail system, which, once built, will link Johannesburg and Durban on the east coast. However, while there is no doubt about the attractiveness of the multi-billion dollar large-scale infrastructure project, questions remain about whether the project will prove profitable for private sector partners unless it is subsidised.