INFORMAL ECONOMY HAS THE POWER TO TRANSFORM AFRICA

    If your response to vendors plying their trade on South African streets is one of pity and despair, you need a lesson on the power of Africa’s informal economy, according to author, entrepreneur and informal business guru GG Alcock.   Alcock says that the informal business sector is the next great frontier of Africa and it is undergoing an economic revolution. “This is a new world of small people doing big things and transforming the continent,” he asserts. “Not only are these outlets and traders paying VAT on…

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South Africa’s auto industry highlights the social and employment cost of innovation

In South Africa, local operations of international motor manufacturing companies must constantly innovate to meet global demands and offer competitive value. The way work is done is constantly changing. The current technologies adopted in the workplace are ever smarter than those that went before. This trend, driven by economic forces, does not always lead to social improvements. Automation and the use of robots in manufacturing, combined with new working methods and systems, can have negative social impacts on workers. Job automation in South Africa There has been an increase in technology in South Africa’s automobile sector since 2003. Most…

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Small and medium growers and innovation are key to South Africa’s citrus export growth

  While COVID-19 has disrupted many industries, the citrus industry in South Africa has emerged resilient, with strong demand in export markets and strong potential beyond the crisis. To tap this growth potential requires complementary public investment in ports and irrigation infrastructure, and technical capacity to negotiate access to wider export markets on favourable conditions. Demand for citrus in international markets has boomed under COVID-19 and prices have increased. For example, European prices for South African oranges in May 2020 were 7%-15% higher than a year earlier in euro terms, or around…

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