Commentators and business leaders in South Africa believe that the recent announcement of an end to the United Kingdom’s aid programme to South Africa may be the start of a new trend to cut back on aid to this country, and possibly to the rest of Africa.
As the African Union celebrates its 50th anniversary this year, it is still younger and less integrated than the 56-year-old body that is now the European Union, and, according to politicians and diplomats, has a big advantage over the Europeans as it charts its own path of integration.
There is growing optimism that the countries of Southern Africa are within months of concluding negotiations with the European Union on a major new trade deal, after years of hesitant progress and frustration.
If job creation is South Africa’s major social and economic priority, the country should be investing in people rather than in robots that populate the country’s highly-automated automotive manufacturing sector, according to local economists.
A trademark system which is used to protect Europe’s finest wines, cheeses and hams could soon brew up benefits for a humble tea from a remote region of South Africa.
Although leaders of the Brazil, Russia, India, China and South Africa group agreed to launch a new development funding institution, giving the club a major infrastructure boost, some here are sceptical about the potential impact of the new bank.
There is growing resentment in Africa about the way in which South Africa professes to speak for the rest of the continent in its role as a member of key developing nation blocs, researchers and experts have warned.
Emerging market leaders want their Brazil, Russia, India, China and South Africa club to be taken seriously, and next month they are expected to make a decisive move towards setting up a development bank to give it real substance and credibility.
As tourism between the emerging nations of Brazil, Russia, India, China and South Africa starts to increase, South Africa is determined to weld the iron while it is hot.
African nations and other emerging countries are expected to soon outperform the developed world, and South Africa wants to take advantage.
Hindsight is a wonderful thing. Nonetheless, it is difficult to miss the irony in the following sentence from a news release, sent out by South Africa’s First National Bank on Jan. 17.
South Africa has denied that it is taking a protectionist stance to protect its own producers against foreign competition, but says it is justified in boosting tariffs where this is allowed under international trade agreements.
A leading South African economist and investment strategist has warned that national priorities may be a more compelling factor influencing business decisions in the BRICS group of countries – Brazil, Russia, India, China and South Africa – than the prospects of increased market access through the alliance.
As the five members of the BRICS group of emerging economies – Brazil, Russia, India, China and South Africa – tighten ranks and seek to expand their global influence, the inevitable trade spats have begun.
Not many nice things can be said about the apartheid regime in South Africa. It was racist, violent in the brutal oppression of many of its own citizens, and was despised around the world.