Tag: infrastructure

Africa’s urban population is booming. At 3.5% per year, the continent’s urban growth rate is the highest of the developing world over the last twenty years. Within the next twenty, research suggests that every second person in Africa will live in a town or a city, bringing the urban population to around 926 million people.

President Ramaphosa delivered the Nation Address on Thursday evening from the Cape Town City Hall, as the country struggles with an ailing economy, civil unrest, corona virus, state capture and a promise-weary public.

The Medium Term Budget Policy Statement (MTBPS) 2020 was tabled to Parliament on 11 November 2021 by South African Finance Minister Enoch Godongwana.

The global economy has been left winded and weak by the effects of the COVID-19 pandemic and governments the world over have a difficult task ahead. With the Minister of Finance delivering his much-anticipated 2021 National Budget this Wednesday (24 February 2021), one can’t help but reflect on what solutions need to be implemented to rebuild what was lost in 2020 because of the pandemic and years of low economic growth before then. Whatever the solutions, they need to be monumental and perhaps even radical in order to revive our economy.

Hold the white dress, cheesy music, expensive, but rather tasteless entrées nobody cares to eat and the dull fruit cake heavy with icing and you reveal the truth: marriage is not just a glamorous ceremony to entertain bored throngs but rather the union of two people.

Small and medium enterprises (SMEs) are critical for the growth of emerging economies and increasing employment, but access to finance is one of the biggest obstacles for SMEs to grow.

On Tuesday, China pledged to invest $14.7bn in South Africa and grant loans to Eskom and SAA. While this investment brings the country closer to President Ramaphosa’s target to raise US$ 100 billion in foreign direct investment, some argue that China’s intentions are not what they seem.

Most of sub-Saharan Africa’s cities are ill prepared for the rapid and dramatic population increase that will occur by 2035. For decades to come, sub-Saharan Africa’s economic and social future will be shaped by one of the most important megatrends on the continent: urbanisation.

Leishen Pillay | Partner and Head of Technology, Media and Telecommunications | Hogan Lovells | leishen.pillay@hoganlovells.com | www.hoganlovells.com | Bitcoin may make headlines when its...

Deepa Vallabh | Head: Cross-Border Mergers and Acquisitions: Africa and Asia | Cliffe Dekker Hofmeyr | deepa.vallabh@cdhlegal.com | www.cliffedekkerhofmeyr.com | Over more than decade, a...