Driving Forces Learn

South Africa

WHAT'S NEXT?: Local elections in South Africa this year could see the ruling African National Congress lose control of key cities like Johannesburg and Pretoria for the first time. South Africa's economy is at risk of falling into recession and public confidence in the ANC is falling.

[New] Science, technology and innovation will play a key role in supporting the Economic Reconstruction and Recovery Plan for South Africa.
[New] The new Samsung Galaxy A32 coming to market in both versions will not only make cutting-edge innovation more accessible to more South Africans but also allow users to enjoy 5G-capabilities for the first time in the Galaxy A Series.
[New] Experts fear new variants of COVID-19 from South Africa and Brazil may be resistant to existing vaccines and treatment.
[New] Economic growth in eastern and southern Africa is expected to be 2.6% in 2021, and 4.0% in 2022, after an overall recession of 3% in 2020, driven mainly by South Africa and Angola.
[New] Economic growth and stability will be central to the overall recovery of South Africa, Africa and the world.
[New] The worst news of the past month is that data from the Novavax trial in South Africa suggests that prior infection might not prevent reinfection with the B1351 variant.
[New] Vaccines will not be as effective at preventing infection from the SARS-Co-V-2 B. 1.351 variant that emerged in South Africa or the P. 1 variant that emerged in Brazil, or future variants.
[New] Building on green aspirations contained in President Ramaphosa's Economic Reconstruction and Recovery Plan, there is robust evidence to suggest that South Africa could use bold new green investment to swiftly create jobs, increase GDP, and improve social and environmental prosperity.
Shipping giants such as Denmark's Maersk have re-routed ships to the longer journey around South Africa's Cape of Good Hope, adding at least seven days to the travel time.
South African residents working remotely in South Africa will be taxed on the remuneration earned for the services they perform in respect of their assignment, as it would be regarded as income sourced in South African, giving South Africa the right of taxation.
Boosting pre-existing antibody responses could provide protection against coronavirus variants, including the one first discovered in South Africa which has been shown to reduce the efficacy of existing vaccines.
THE roll out of 5G as critical infrastructure in South Africa, while offering lucrative opportunities for businesses and a catalyst for economic growth, threatened to leave the poor behind.
New SARS-CoV-2 variants first detected in South Africa, Brazil and the U.K. have raised concerns that they could be more transmissible or make available vaccines less effective.
Community-based businesses have an important role to play in driving economic activity and creating employment opportunities in townships and rural areas in South Africa.
The reintroduction of lockdown measures, including a land-border closure with South Africa, could further disrupt the flow of goods, employment, incomes and prices, and is likely to hinder economic growth and recovery.
Europe's hopeless response to Covid-19 has meant Britain risks the South African strain flooding in the back door when travel resumes, making it impossible for vaccines to curb the spread of the virus, a leading member of the Oxford AstraZeneca vaccine team has said.
By directing spending to green investment initiatives, South Africa could secure a more jobs-intensive recovery while reinvigorating economic growth and making substantial progress against its climate commitments.
By 2025, commercial 5G services will be deployed in at least seven markets, including Kenya, Nigeria and South Africa, with 28 million connections.
Rerouting around South Africa's Cape of Good Hope would add 6,000 miles to the journey and something like $300,000 in fuel costs for a supertanker delivering Middle East oil to Europe.
East Asia and Latin America fared a little better than expected - likely shored up by Brazilian growth - but Europe, India and South Africa did worse.
Modest fiscal stimulus packages deployed by countries such as South Africa will also boost additional aggregate demand, which could help crowd in private investments and consumption.
As chair, South Africa inserted the priority of the gender-based violence response on to the AU agenda and promoted 2020-2030 as the decade of the financial inclusion of women in Africa.
The research team could not find out whether antibodies from a previous COVID-19 infection could protect against the new coronavirus variants found in the U.K., South Africa, and Brazil.

Last updated: 06 April 2021

South Africa

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