The aviation sector remains a crucial driver of growth, contributing R50.9bn ($6.2bn) or 2.1% to GDP. When catalytic benefits, such as tourism spending, are included, this rises to R74.3bn ($9.1bn) or 3.1% of GDP, according to a 2011 report by Oxford Economics. This comes on the back of solid performance by local airports, which saw total...
The issue of labour has emerged as one of the most salient challenges faced by South Africa’s mining sector. In early 2012 wildcat strikes in Impala Platinum’s Rustenburg plant, the world’s largest platinum mine, ended in rioting and a six-week production stoppage that cost the company 3000 oz per day. By August unrest had spread to Lonmin’s...
Woolworths Holdings is an investment holding company, listed on the Johannesburg Stock Exchange and operates through two subsidiaries, Woolworths (Proprietary) and Country Road, as well as a joint venture – Woolworths Financial Services...
In December 2012 the governing African National Congress (ANC) finally settled the issue of nationalisation of mines that had spread alarm through the sector for much of the year. “The issue of nationalisation as we have discussed during the past few months is off the table. The ANC affirms its historical position on this topic – strategic...
It is often observed that the development of South Africa’s manufacturing activity over recent decades presents something of an anomaly: while the end of the country’s international isolation in 1994 marked the beginning of a period of sustained manufacturing growth, the sector’s contribution to GDP has nevertheless declined as a percentage of...
Amidst a period of market-led consolidation, the continent’s largest pension industry is now facing the prospect of wholesale reform of South Africa’s social security system. While the fiscal implications remain unclear, more inclusive retirement coverage has emerged as a key government priority, alongside health insurance reform (see Health...
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