One of the top manufacturing powerhouses on the continent, South Africa has a strong industrial tradition dating back 150 years. The past few decades, however, have posed challenges to the industry, with external and domestic factors weighing on sector growth. To help revitalise the industry, the government and industry leaders have been working to stoke growth and develop value-added...
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Chapter | Industry & Retail from The Report: South Africa 2016
The South African insurance market stands as one of the most advanced in the world, with one of the highest premium-to-GDP ratios and a wide cross section of well-regulated and innovative insurers. Although the market is set to become more sophisticated with the introduction of new legislation, much of the country remains unbanked and either uninsured or underinsured. Financial inclusion is...
The second-largest economy in Africa after Nigeria, South Africa benefits from some of the most sophisticated financial markets in the world, paired with a robust regulatory system, and is also home to the headquarters of a number of major multinational players in the fields of industry, energy and financial services.
Articles & Analysis | Power shortages and declining currency have a notable impact in Ghana from The Report: Ghana 2016
Access to electricity supplies remains the biggest concern for industries in Ghana, according to those involved in the sector. “The major concern is energy supply. The impact of power outages is huge for businesses, and the inconsistencies in the load management schedule makes planning very difficult,” John Defor, a policy research officer at...
Articles & Analysis | Local goods create jobs and bolster manufacturing in Ghana from The Report: Ghana 2016
In line with similar efforts elsewhere in the world, Ghana has targeted the promotion of domestic Made-in-Ghana brands and is attempting to change the behaviour of Ghanaians towards locally produced goods. Beyond simply promoting domestic industry and culture in general, the push is aimed at creating jobs and reviving struggling sectors such...
Articles & Analysis | Textile manufacturers in Ghana face competition from Asian imports from The Report: Ghana 2016
The textile industry in Ghana was once a leading player in the country’s industrial sector, employing about 30,000 workers. That number is now closer to 3000 and dropping steadily. The decline is largely due to competition from cheap imports, predominantly from Asia, which is making it difficult for Ghanaian textile producers to prosper in the...