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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.
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.
Over the last eight years, travel and tourism has grown by 17.3% in the top ten fastest-growing global destinations. This rate speaks to the rapid growth of tourism and how the industry, and an increasing priority for countries seeking for new growth opportunities. In emerging markets tourism grew from 30% in 1980 to 45% in 2015 and is expected to reach 57% by 2030.
Kevin Pillay | Vice President for Mobility | Siemens Africa | Kevin.Pillay@Siemens.com | https://www.siemens.com/za/en/home.html | Despite the continent’s transport infrastructure lagging behind global standards for decades, Africa...