South Africa Articles & Analysis

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Stronger performance in the manufacturing industry helped keep South Africa’s economy out of a recession, and has led to a slight upward revision in annual growth forecasts.

A cooling economy and reduced spending is expected to limit growth in South Africa’s insurance industry through to the end of the year, with operators likely to struggle to increase market share and maintain revenue levels.

Drought continues to impact agricultural production in South Africa, though seasonal rains should underpin a sector rebound along with government efforts to stimulate the agro-processing segment.

Already the continent’s largest producer of renewable energy, South Africa is moving to further reduce its reliance on hydrocarbons by expanding private sector investments in solar and wind projects, and introducing biofuels.

While the expansion of mobile broadband and fibre-optic networks are driving growth of ICT services in South Africa, additional infrastructure investment will be needed to keep pace with rapidly rising market demand.  

Seeking to reduce its dependence on coal-fired power, South Africa is shifting its energy mix toward natural gas and renewables.