Economy

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South Africa’s economic performance is a mixed bag, depending on what sectors and what indicators are under scrutiny. The country, which accounts for roughly a quarter of Africa’s total GDP, has seen a rise in select industries, a drop in inflation, increased government spending and modest improvements in consumer sentiment, but is still grappling with labour unrest and underwhelming export demand.

The Mamluks, who descended from non-Arab slaves who were naturalised to serve and fight for ruling Arab dynasties, are revered as some of the greatest warriors the world has ever known. Although the word “mamluk” translates as “one who is owned”, the Mamluk soldiers proved otherwise, gaining a powerful military standing in various Muslim...

With its geographical location making it an ideal land bridge between the Mediterranean and the Red Sea, and one of the major channels of commerce between the Levant, Africa and Arabia, Egypt’s status as a centre of trade was already well established by the era of the Old Kingdom in the third millennium BC.

The country’s widening budget deficit and growing currency pressures seen since the uprising of 2011 have made the efficient use of revenues a primary concern of the Egyptian government. With Suez Canal receipts largely reliant on the fortunes of the global economy and the country’s tourism sector, Egypt’s other major revenue stream, suffering in...

What is your outlook for the economy now that Egypt has a new president?

Efforts to shape the geography of Egypt’s economic development in the modern era date back to the 1970s, since which time it has adopted a number of zonal and incentive-based models. Some have proved more successful than others, but in their entirety they represent a crucial asset as the government turns its attention to reversing the decline in...

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