Tag: EconomicGrowth
Strategic global partnerships – powering Nigeria’s future
Nigeria and other parts of West Africa are grappling with a critical shortage of skilled professionals in the power sector. The shortage is particularly severe in technical roles that organisations need to design, implement and maintain power quality and assurance solutions. This trend poses a major challenge for powering Nigeria’s future.
The real risk for municipalities is weaker growth, not lower prices
South Africa has entered a new phase of monetary policy. The repo rate has been cut to 6.75%. Year-on-year inflation sits at 3.6%, and the inflation target has been revised down to 3%, with a one percentage point tolerance band. The downward revision of the inflation target was implemented to align the country with other emerging economies.
Rail sector is on track – en route to implementation
South Africa’s rail sector is moving from diagnosis to delivery. The challenges are well documented. They include a shortage of operational trains, ageing infrastructure, widespread theft and vandalism, and operational inefficiencies. These bottlenecks spill into ports, slowing trade. Additionally, shifting trade routes, geopolitical instability and environmental concerns add further complexity.
SA’s 2025 MTBPS angles towards fiscal credibility
South Africa’s Medium-Term Budget Policy Statement (MTBPS) is a key mid-year fiscal update that reviews performance against the February Budget. It also reallocates spending where needed and recalibrates priorities for the year ahead.
