South Africa

WHAT'S NEXT?: Local elections in South Africa this year could see the ruling African National Congress lose control of key cities like Johannesburg and Pretoria for the first time. South Africa's economy is at risk of falling into recession and public confidence in the ANC is falling.

[New] NVX-CoV2373 is being evaluated in a Phase 2 b trial in South Africa, now fully enrolled with 4,422 volunteers, and data from a Phase 1/2 continuation trial in the United States and Australia is expected as early as first quarter 2021.
[New] The power Amazon intends to generate in South Africa will come from a solar project in the Northern Cape, due to start construction in 2021 and Eskom's grid will transmit it to its final destination.
[New] The What Worries the World study finds the majority of people in the participating 28 nations feel their country is on the wrong track (56%) on average, with Brazil (85%), Peru (78%), South Africa (76%) and Hungary (74%) citing the greatest levels of concern.
[New] With operations in Brazil, the U.S., Chile, and South Africa and a team of 120 professionals, SeeTree monitors over 50 million trees around the world, which will grow to 1 billion trees by 2023.
A team of astronomers from South Africa and the USA has used the MeerKAT telescope to solve a longstanding puzzle in 'X' - shaped radio galaxies by observing a galaxy called PKS 2014-55 that's situated 800 million light years away from Earth.
Food price inflation in South Africa stayed at 4.4% for nine months of 2020 and while it will exceed that by the end of the year, food prices are rising at a relatively slow pace.
Mine production disruptions, most notably in Mexico, Peru, and South Africa, and reduced gold recycling due to pandemic-induced restrictions on labor movement supported prices.
Green Schools are in New Zealand and South Africa, with plans to open in Tulum, Mexico in the Fall of 2021.
In Eswatini, the revival of the African Growth and Opportunity Act and European Free Trade Association markets were projected to open new markets for exports, which should also benefit from the Southern African Customs Union on the back of South Africa maintaining its growth momentum.
South Africa has set the goals of reducing greenhouse-gas emissions by 42% by 2025 and diversifying its electricity production to reduce its reliance on coal by 2050.
Brazil's annual digital transactions market will reach $51.4 billion by the end of 2020, $32 billion in Mexico, and $8.1 billion in South Africa.
The digitisation of banking in South Africa is set to reach a major milestone by the end of the year, as cheque payments will officially be rendered obsolete.
We find that in value terms, Brazil, Angola and South Africa would incur the largest cumulative loss of exports by 2030, amounting to up to USD14bn, USD5bn and USD2bn, respectively.
Prices have been supported by a recovery in global vehicle demand (platinum is used in catalytic converters) and supply disruptions in South Africa, the world's largest platinum producer.
Even China, Indonesia and South Africa are expected to have more than 1 million people each fall into extreme poverty.
If South Africa is to have any hope of economic recovery, no sector can afford to do things the way it did before 2020.
Wines from new regions will emerge from places travelers dreamed of going in 2020 including Moldova, Croatia, Hungary, Morocco, Lebanon, South Africa and even Mexico.
Leading wind-energy project developers and original equipment manufacturers (OEMs) are convinced that South Africa's plan to install 1.6 GW of new wind capacity yearly until 2030 is more than sufficient to attract large-scale industrial investment.
IHS Markit projects the South African economy to experience a deep contraction in 2020 owing to a prolonged lockdown to contain the COVID-19 pandemic and recent sovereign downgrades.
Japan has followed the EU and has adopted the 2050 climate neutrality goal, and others aim to achieve at least net-zero CO 2 emissions by 2050 (South Africa and South Korea) or 2060 (China).
South African revenue in the e-commerce market is projected to reach $4062 million in 2020 with an annual growth rate of 9.2%, while revenue in the e-commerce market in Africa is expected to reach almost $20bn in 2020, with an annual growth rate of 15.5%.
The two leading economies of Nigeria and South Africa are projected to grow at no more than 2.5% apiece for the next two years.
Wines from new regions will emerge from places travellers dreamed of going in 2020 including Moldova, Croatia, Hungary, Morocco, Lebanon, South Africa and even Mexico.

Last updated: 12 January 2021

South Africa

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