Overview

South African insurance sector undergoes a period of transformation
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Like the country itself, the South African insurance sector is a study in contrasts. The market is by some measures one of the most advanced in the world. It has a premium-to-GDP ratio that is among the highest anywhere, and its insurers are well-regulated, well-managed and innovative. The market is becoming even more sophisticated with the introduction of new legislation. Yet, it is in some ways not…

Overview

Mine operators in South Africa increasing operational efficiency
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The country boasts an estimated $2.5trn worth of proven mineral reserves, while the mineral resources sector contributes 8% to South Africa’s GDP directly, 17% indirectly and is the country’s second-largest employer with an estimated 14% of total employment. The sector’s output and performance has, however, been under pressure in recent years. Bottlenecks in labour relations, uncertainty in…

Overview

South Africa's industrial strategy helps the sector retain momentum
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Among the manufacturing powerhouses of the continent, South Africa has a strong industrial tradition dating back 150 years. The past few decades have been difficult, with external and domestic factors weighing on the sector, but the government and industry leaders have been working to stoke growth and develop value-added industries. In doing so they can capitalise on the country’s industrial base,…

Overview

South Africa's retail sector growing and drawing in new international brands
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One of Africa’s largest and most affluent markets, South Africa has a well-developed retail sector, including a number of major domestic players. While recent macroeconomic difficulties have affected parts of the market, it has continued to grow and draw in a number of new international brands looking for a launching-pad to the rest of the continent. Facts & Figures The retail market grew 2.4%…

Overview

South Africa's transport infrastructure receiving significant boost in investment
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One of the world’s more open economies, South Africa’s commercial activity and economic performance is strongly linked to its ability to move goods into, within and out of its borders. History Evaluating the state and trajectory of South Africa’s transportation system and logistics capability is a matter of regional and historic perspective. In the World Bank’s 2014 Logistics Performance…

Overview

Various initiatives helping to build up South Africa's energy supply
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With the most energy-intensive economy on the continent, South Africa has undergone a spate of load-shedding in recent years as demand continues to outstrip supply. However, while faltering output and under-maintained infrastructure have had an adverse effect on the country’s economic performance, a range of government initiatives, notably the country’s independent power producer (IPP) bidding…

Overview

Outlook strong for South Africa's real estate sector
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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 of oversupply in some areas – is poised for strong…

Overview

Long-term growth forecast for South African construction sector remains positive
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Although South Africa’s construction industry remains a major economic engine, the industry has struggled to maintain pre-2010 highs, when World Cup-related work kept annual growth in double digits. The years since have been marked by project delays, labour unrest and a subdued macroeconomic environment which saw figures for employment, profits and new projects decline in 2014 and 2015. Despite…

Overview

Mobile expansion driving growth for South Africa's telecoms operators
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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 expand well beyond upscale suburbs…

Overview

Rising popularity of data is sparking heavy investment in fibre
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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 payment segments will further…