The endorsement of the National Development Plan (NDP) by the ruling African National Congress’s (ANC) Mangaung policy conference in December 2012 was an encouraging sign for South Africa’s private sector. Further, the election of one of the NDP’s chief architects, billionaire businessman Cyril Ramaphosa, as deputy president of the ANC reflected...
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Articles & Analysis | Taxes and spending: Efforts are being made to balance the budget via long-term development plans from The Report: South Africa 2013
Interviews & Viewpoints | OBG talks to Anand Sharma, Indian Minister of Commerce and Industry from The Report: South Africa 2013
To what extent can members of IBSA and BRICS improve coordination on global trade issues?
Articles & Analysis | Rebalancing act: As demand from traditional trading partners drops, efforts increase to boost trade with new regions from The Report: South Africa 2013
A widening trade imbalance caused South Africa’s current account deficit to broaden to 6.4% of GDP in 2012, up from 4.2% in 2011 and 2.8% in 2010, and the widest since the start of the global financial crisis in 2008, when it reached 7.3%. With the services balance traditionally in deficit, deepening trade imbalances have driven the current...
Interviews & Viewpoints | OBG talks to Pravin Gordhan, Minister of Finance from The Report: South Africa 2013
What impact do you think the rollout of social security reform will have on fiscal policy?
Articles & Analysis | Global performers: Foreign direct investment plays a key role in development from The Report: South Africa 2013
Just as significant as its role as a gateway to Africa for foreign investors, South Africa is also the source of outward foreign direct investment (FDI) flows on the continent, as well as further afield in emerging markets globally and increasingly in developed markets. “In recent years foreign investment by South African corporations has been...
Articles & Analysis | Leading the continent: The country remains a key regional bellwether from The Report: South Africa 2013
Often referred to as the Rainbow Nation, South Africa has a heterogeneous population which reflects its rich and sometimes turbulent history. The country has been known as a centre for gold and ivory trading since as long ago as 12,000 AD, with established trade routes to both India and China. By the mid-1600s, it had become a useful staging...