Africa’s total surface area: 30,260,117 square kilometres Africa’s total population: 1.22-billion people Africa’s population density: 40 people per square kilometre Africa’s total gross domestic product (GDP): US$2.5-trillion Africa’s GDP per person: US$2,036 (estimate) Africa’s total...
"In the next five years, world GDP will grow by 55 trillion U.S. dollars, 70 percent of which will come from the Global South," said UN Trade and Development Secretary-General Rebeca Grynspan at the G20 Summit, noting that this equals the size of the global economy two decades ago whe...
Meanwhile, the finance minister raised concerns about South Africa's rapidly increasing debt. "We are anticipating that government debt will reach more than 6.05 trillion rand (about 342 billion U.S. dollars), or 75.5 percent of GDP, in 2025/26," said Godongwana. The official, however, not...
Sitting at the helm of Africa’s investment prosperity, South Africa boasts vast growth opportunities through its multi-sector economy that is active in allnine of its provinces. R 1.2 Trillion target at 1st SAIC 2018 R 1.5 Trillion in 2023 ...
April 25, 2024 In Blog South Africa South Africa Blog South Africa News and Views The South African Revenue Service (SARS) reported that it had collected a record gross amount of ZAR2.155 trillion for the 2023/24 fiscal year, a year on-year increase of 4.2% against the nominal GDP of ...
The economy of South Africa is beset by poverty and inequality, considerable unemployment, carbon-intensive, water insecurity and slow GDP growth. Furthermore, the COVID-19 epidemic has caused the economic crisis to worsen further and emphasizes the need for a new development strategy to spur ...
GDP of USD 25.92 trillion, accounting for 25.8% of the global total, further extending its influence as a group. It was reported that more than 40 countries want to join the BRICS cooperation mechanism, and as of the e...
2023; Moodley 2024; Muzindutsi and Obalade 2024). Accordingly, this study contributes to the above research gaps, as it is the first study in South Africa to consider the effect of investor sentiment on the South African bond market under the bull and bear regimes by specifically examining ...
Over the whole period, drain from the South totalled $242 trillion (constant 2010 USD). This drain represents a significant windfall for the global North, equivalent to a quarter of Northern GDP. For comparison, we also report drain in global average prices. Using this method, we find that ...
During the year 2022, the South Africa’s manufacturing sector generated 11.4% of the economy’s GDP, approximately 3 trillion Rands in valuation. About 1.5 million individuals were employed in this sector as of 2023 and the number continues expanding quite substantially [4]. According to Maharaj...