SA needs to be more export-orientated to grow an industrial market footprint

Infrastructure development is key to supporting this, and is particularly critical for industries such as the metals and engineering sector 26 APRIL 2021 – 12:58 CHIFIPA MHANGO Picture: 123RF/BRANEX In April, SA celebrates 27 years of a strong democracy that has brought political freedom for its people. However, despite structural reforms across all fronts, including in economic policy, the majority of South Africans continue to live in poverty and inequality remains a challenge. Unemployment is at a record 32.5%. ADVERTISEMENT The ANC-led government has, since 1994, adopted several policy measures to…

Read More

Infrastructure: Construction industry ready and able to deliver

  But it’s concerned about projects taking too long to be awarded, the skills flight and corruption. By Roy Cokayne 30 Sep 2020  00:01 Gautrain Management Agency CEO William Dachs has said the construction sector will be hiring, training and skilling up people as soon as it can bank on a consistent supply of projects. Image: Shutterstock Concerns about the capacity of South Africa’s depleted and financially-distressed construction industry to deliver the government’s massive infrastructure investment plan have been debunked by industry associations and analysts. However, there are concerns about how long it…

Read More

South Africa Pins Infrastructure Hope on Green-Bond Appetite

  South Africa plans to tap global appetite for green bonds to help fund an infrastructure programme worth as much as R2.3 trillion over the next decade. Winning over the private sector and streamlining the project-approval process will be key to the drive, launched by President Cyril Ramaphosa in June to revive an economy that was already in recession before the coronavirus struck and is expected to contract by the most in nine decades this year. In July, 62 priority projects were announced in the first stage of the programme. “There…

Read More

Drones could help overcome the poor transport infrastructure in Africa

CAPE TOWN – Drones or unmanned aerial vehicles (UAV) could help to overcome poor transport infrastructure, as only one-third of Africans live within 2 kilometers of an all-weather road. Making sure that the remaining two-thirds have access to decent roads will cost more than $50 billion (R736.4bn) and take several years, which is why Africa has been a pioneer in using drones for peaceful civilian use. Timothy Reuter, Head of Aerospace and Drones at the World Economic Forum was part of a panel discussion on unleashing the drone economy at…

Read More

SA getting its ducks in a row for Fourth Industrial Revolution

Communications Minister Stella Ndabeni-Abrahams is hopeful that the ideas shared at the World Economic Forum (WEF) will empower South African industries to move at an enhanced speed towards the Fourth Industrial Revolution. The theme for WEF 2019, which concludes today, is ‘Globalization 4.0: Shaping a Global Architecture in the Age of the Fourth Industrial Revolution’. Ndabeni-Abrahams said the theme is in line with the global vision which seeks to redefine major transformations and manage the new technologies that have been spurred on by the Fourth Industrial Revolution, as well as…

Read More