Economy

Guiding discussions at the 2016 World Economic Forum on Africa in Kigali, Rwanda, are five high-powered co-chairs: Akinwumi Ayodeji Adesina, Graca Machel, Dominic Barton, Tarek Sultan Al Essa and Tony O Elumelu.

With the World Economic Forum on Africa 2016 in Kigali just around the corner, Brand South Africa and the World Economic Forum are hosting a discussion on competitiveness in Southern Africa.

The New Development Bank (NDB), operated by the BRICS grouping of Brazil, Russia, India, China and South Africa, has formally opened for business. According to the National Treasury, the country's role in the bank will strengthen its position as a financial centre for the continent.

With the theme "Driving South Africa’s Industrial Development Agenda", South Africa is to host its first Economic Research Advisory Network conference in East London later in March to find ways to boost the country's economy.

Emphasising that South Africans are "resilient, committed and resourceful", Minister of Finance Pravin Gordhan delivered his 2016 Budget speech to the National Assembly in Parliament on Wednesday 24 February. Read the full speech, watch the video, and download key documents.

Abundant resources, an advanced industrial sector, robust financial systems, a progressive legal framework - and the gateway to other African markets.

Abundant resources, an advanced industrial sector, robust financial systems, a progressive legal framework - and the gateway to other African markets.

Transnet Port Terminals is determined to optimise planning and co-operation with its sister divisions, as well as invest aggressively in new infrastructure and its people without breaking the bank, to gain a stronger regional presence in Africa, says the unit's chief executive, Karl Socikwa.

Brand South Africa notes the statement by the South African Chamber of Commerce and Industry that the country’s Business Confidence Index has fallen to its lowest level since 1993.

A liquid natural gas plant in Eastern Cape is the next phase of a government project to provide not only employment opportunities for the area, but also more sustainable energy options for South Africa. Natural gas is considered the most environmentally friendly fossil fuel.