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Browsing: South Africa
One of the convenient instruments for shielding investment portfolios from market uncertainties is South African gold exchange-traded funds (ETFs). South…
The mining sector, a vital generator of economic growth, will benefit significantly from Australia-Africa relations. Australia’s presence in Africa’s mining…
With untapped potential in private healthcare, skilled doctors, and a growing interest in medical care, South Africa is making its…
Artificial Intelligence (AI) is emerging as a key player in transforming South Africa’s labour market and empowering its youth population.…
Mozambique’s Green Energy Transition Strategy (ETS) to drastically reduce its dependence on fossil fuels. As a nation with one of…
Artificial Intelligence (AI) offers new job opportunities for tech-savvy African graduates. African policymakers must, however, protect current employees from job…
South Africa-based insurer Hollard International has extended its footprint into East Africa. Hollard, a privately owned insurance, has struck a deal to acquire a stake in Apollo Investments Limited, the parent company of Kenya-headquartered APA Insurance.
This strategic investment, subject to regulatory approvals, gives Hollard International a presence in the East African market. The new acquisition supplements its existing operations in Southern and West Africa. Once approved, Hollard will become the second international investor in APA Insurance, following Swiss Re, which acquired a stake in 2014.
The African Development Bank (AfDB) has initiated a five-year plan to stimulate growth in South Africa, the continent’s most advanced economy. Dubbed the Country Strategy Paper (CSP) 2023-2028, AfDB has outlined two main lines of action. The Bank aims to enhance governance while deploying strategies to revamp the private sector.
Concerning governance, CSP 2023-2028 will support the South African government in its efforts to address persistent structural challenges. This approach aims to promote industrialisation and establish a faster, more inclusive growth trajectory to combat poverty.
With the world steadily evolving to a more digital and eco-friendly era, many organizations have sought better ways to grow and consolidate their market. South Africa has recently caught the eye of many investors due to ongoing innovation and competitive government policies. However, Electricity rations have left the economy reeling, hurting many companies’ operations.
In the latest developments, South African battery manufacturer AutoX Proprietary Limited received ample support from Ecobat, which sold all its subsidiary businesses. This move represents an opportunity to scale for AutoX and highlights the country’s prevailing business environment.
The vast renewable energy potential across the African continent, combined with Europe’s ambitious production and import targets, is reshaping energy pathways and challenging established norms. Moreover, Africa and Europe have taken the reins in driving the global green hydrogen economy, marking a landmark shift in energy dynamics.