pricewaterhousecoopers

LAGOS, NIGERIA – 30 JUNE 2023 | On 4 July 2023 Brand South Africa, in collaboration with the South African Consulate in Lagos, Nigeria,...

Brand South Africa through its Play Your Part programme continuously encourages each and every citizen to play their part in improving the lives of...

More foreign visitors and rising room rates have boosted South Africa's hotel industry, with further growth expected over the next five years. But the impact of new visa regulations, which are intended to protect South Africa, on tourism remains to be seen.

The continent's most dynamic and future-focused cities are highlighted in Into Africa - the Continent's Cities of Opportunity. The top five are Johannesburg, Cairo, Tunis, Algiers and Casablanca - they "demonstrate the strengths and weaknesses of Africa's urban future".

According to Fit for $50 Oil in Africa, Africa has reported substantial successes in the exploration for hydrocarbons over the past decade. However, oil and gas explorers will need to rethink their expenditure in Africa in light of the drop in the global oil price.

Infrastructure spend in sub-saharan Africa will balloon to $180-billion a year by 2025, says PricewaterhouseCoopers, which adds that infrastructure is key to economic growth and reducing poverty. The most ambitious plans are in South Africa and Nigeria, making up almost 60% of the spend.

Global investors are increasingly taking note of the untapped potential of sub-Saharan Africa, and most major international corporations are already active in its three largest cities. According to a new report, they should also be getting excited about the region's "Next 10" biggest cities.

South Africa's banks remain well positioned despite global economic uncertainty, are trading profitably, and boast some of the highest capital levels in the world, well in excess of the minimum Basel 3 rules, according to a survey by professional services company PricewaterhouseCoopers.

South Africa's tax collecting institution, the South African Revenue Services, has been recognised as a leader in revenue collection in the world, ranking ahead of developed nations such as Australia and the US.
• Gordhan: making SA work smarter

South Africa and the US are set to strengthen trade and investment ties following the recent Africa Business Summit in Washington DC.