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May 31, 2023 · Since 1994, the ANC has tried to balance South Africa’s economic engagement with Western markets – in 2022, 36% of its exports went to the EU, US and UK, against 25% to Africa and 10% to China ...
- The Impact of Power Cuts
- Export Expansion
- Land Reform
- Deteriorating Municipalities
- Slow Progress in Fixing Regulations
- Finance
The country can expect intensified discussion about the impact of energy shortages on agriculture, food, fibre and beverages production. South Africa’s persistent power cuts are a significant challenge across the economy. At the end of 2022, the South African Reserve Bank highlightedthe risks that persistent power cuts represent to the growth prosp...
Expect a major focus on the need for expansion of agricultural export markets. South Africa’s agricultural sector is export-oriented, exporting roughly half its products by value. Organised agriculture groups are pushing to expand exports. This is not a new discussion, but it is likely to gain momentum in 2023 as the growth in domestic production n...
Land reform will be back at the top of the agricultural agenda as the drive for inclusion of black farmers in the sector is highlighted in the Agriculture and Agro-processing Master Plan. But the discussion is likely to focus on redistribution (rather than land restitution and tenure). The focus could be on the launch of the Agricultural Developmen...
The threatof deteriorating municipal service delivery, corruption in public offices and the failures in the network industries such as roads, rail, water, electricity and ports have occupied agribusiness leaders for some time. These inefficiencies have: 1. increased the cost of doing business 2. taken investment away from productive agribusiness ac...
There are likely to be signs of the growing unease about the slow progress in agricultural regulations. The country’s agricultural sector faces regulatory constraints, such as the dysfunctional State Veterinary Service. This dysfunction negatively affects the production of key vaccines. There is also a need to modernise the Fertilizers, Farm Feeds,...
The need for agricultural finance, particularly developmental finance for new farmers, hasn’t been given enough attention. At the end of 2022, the focus was on the blended finance instrumentby the Department of Agriculture, Land Reform and Rural Development and the Land Bank. The instrument will contribute positively to the sector’s growth and to s...
South Africa. GDP growth is projected to slow to 0.7% in 2023 before increasing by 1% in 2024 and 1.2% in 2025. Investment in machinery and equipment for energy production will remain strong, despite tighter financing conditions. Net exports will weigh on growth as most machinery and equipment are imported and external demand has weakened.
Jan 17, 2023 · Meanwhile in Equatorial Guinea’s elections in November, Africa’s longest serving president Teodoro Obiang extended his 43-year mandate with 94.7 per cent of the vote on a turnout of 97 per cent. There will be elections in 17 African states during 2023 for either head of state or government, or national legislature.
Apr 19, 2023 · The year 2023 could be a perfect storm for South Africa if various global and domestic risks materialize. Domestically, addressing wide-ranging (and often self-imposed) challenges such as weak growth, mismanagement, and maladministration swiftly will be key to taking the brakes off the country’s dire growth outlook.
Dec 30, 2023 · The Challenges Facing Africa in 2023. 30 December 2023 10:00. Vincent Makori. 0:00 0:07:21. Direct link. Africa faced multiple coup d’états, conflict, and increased influence in investment and infrastructure from countries like China and Russia. What were the biggest issues impacting Africans on the continent in 2023?
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On 19 December 2022, South Africa’s President Cyril Ramaphosa was re-elected for a second five-year term as leader of the ruling African National Congress. This enhanced his political standing at the end of a tumultuous year in which he faced serious charges of corruption and presided over governance failures and the worsening of economic conditions. His increased level of influence over ...
