A powerhouse industry, major employer and economic mainstay during troubled times, South Africa’s tourism sector has risen to rival its mining sector in terms of overall contribution to GDP, with 2014 witnessing record levels of foreign visitor arrivals, drawn in by the country’s natural beauty, outdoor attractions, food and culture, and increasingly by its business and...
Rising to become a larger economic contributor than agriculture in recent years, South Africa’s ICT sector has shown rapid expansion over the past two decades. The government has increasingly sought to provide support for nationwide development of internet connectivity through the National Broadband Plan, while rising data demand and the burgeoning e-commerce and mobile...
Despite ongoing challenges in obtaining the spectrum necessary for 4G long-term evolution (LTE) services, South Africa’s ICT sector has seen a number of operators invest billions in rolling out new services and infrastructure as demand for high-speed mobile services soars. Innovation plays a key role in many new offerings, which include pre-paid 4G LTE SIM cards and...
Despite facing fierce competition and slowing revenues in 2014, South Africa’s telecoms operators are well placed to see growth in the near to medium term. The mobile market is approaching saturation and a shift from traditional voice and SMS services to data is expected to drive future growth, particularly in 4G long-term evolution (LTE) services, which are slated to...
Although far from the conditions of the early 2000s, South Africa’s property market has remained resilient, despite challenging macroeconomic conditions. Rising demand for affordable housing and a host of “new city” projects unveiled in the past year have kept the residential market steady, while A-grade commercial space – albeit on the verge...
While real estate investment trusts (REITs) are relative newcomers to the South African market, with the regime governing the investment vehicle codified for the first time in 2013, they have outperformed other classes of assets in the first three quarters of 2015. Looking ahead, the residential component of the property market, which has yet...
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