One graph that shows how lockdown decimated restaurants and food services in South Africa

  Stats SA has published its latest preliminary tracking of the food and beverages industry to July 2020, covering the worst of South Africa’s lockdown and the impact it had on the sector. The latest gross domestic product data presented by the group showed a massive decline in the second quarter of the year of 16.4% quarter on quarter (or 51% on a seasonally adjusted annualised basis). Contributions to the negative figure came from all but one sector of the economy (agriculture), with construction, manufacturing, mining, transport and communication, and…

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The Pros and Cons of Protectionism in Manufacturing

    With the global economy experiencing severe socio-political economic disruptions over the past few years — such as the COVID-19 pandemic, the U.S.–China trade war, and the instability in the UK due to Brexit — government-imposed trade protectionist policies and theories have been causing manufacturers to scramble to amend their supply chain strategies. Global manufacturing supply chains may need to succumb to economic nationalism as they face the end of globalization. Although these policies have technically been designed to protect the economy from the dangers of international trading, a lot of…

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What South Africa is doing to protect and share traditional medicine resources

  African traditional medicine is gaining attention and innovation interest despite the advances in modern medicine. Most of the continent’s population use traditional medicine for at least some of their healthcare needs.   The Faraday Muti Market, a popular African traditional medicine market in downtown Johannesburg. Hoberman Collection/Universal Images Group via Getty Images What South Africa is doing to protect and share traditional medicine resources There are still many communities whose traditional knowledge is not recognised. But a number of African countries are recognising the need to protect traditional knowledge. They are putting policies…

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KANGNAS WIND FARM ENERGISES ITS MAIN TRANSFORMER

  The 140MW Kangnas Wind Farm, on the outskirts of Springbok, celebrated the successful energisation of its main transformer this week. The 250MVA transformer is locally manufactured and arrived in the Northern Cape via road from Gauteng last week. Housed at the Groeipunt Transmission substation, the transformer receives generated power from the wind farm via a distribution network, where it is responsible to step the voltage up from 132kV to 220kV. “We are grateful to the 97-strong construction crew, which comprises both the wind farm and Groeipunt team, who diligently…

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Energy crisis: A step forward?

The IRP sets out procurement plans for the next 10 years but we need a visible pipeline longer than that. By Busi Mavuso  Last week another major step was taken on the way to resolving our energy crisis. The opportunity is now coming into focus for major infrastructure investment while also sparking the development of a thriving renewables-based industrial sector that could become an economic champion for South Africa. Last Friday, the minister of minerals and energy, Gwede Mantashe, gazetted the section 34 determination to procure 11.8 gigawatts of new power from independent…

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SA’s SEZs create decent jobs

  The Special Economic Zone programme is one of the important tools that the South African government has introduced to drive economic growth and regional development. More importantly, the SEZ programme is used as a critical tool for accelerating the country’s industrial development agenda.  This programme is mandated by the SEZ Act, which was proclaimed in February 2016. The purpose of the SEZ programme is, among others, to attract foreign and domestic investments, increase the number and value of exported products, accelerate the development of industrial infrastructure, help accelerate the…

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