Economy

South Africa set to become global leader of green energy

Energy Minister Tina Joemat-Pettersson has announced plans to expand South Africa's renewable energy sector by adding another 6 300MW of wind and solar power to the 5 243MW the government programme already buys from the private sector.

The Droogfontein solar power plant

SA commits R1bn to supporting black industrialists

A R1-billion government incentive scheme aimed at developing black industrialists will help South Africa achieve radical transformation of its economy, Trade and Industry Minister Rob Davies said at the Black Industrialists Indaba held in Midrand this week.


KaXu Solar One to ease pressure on SA's energy grid

South Africa opened its first solar thermal electricity plant – KaXu Solar One – near Pofadder in the Northern Province on Monday. KaXu, which means "open skies" in the local Nama language, will add 100MW of electricity from the sun to the national grid, equal to the consumption of 80 000 houses.


South Africa's economy grows by 4.1%

South Africa's Gross Domestic Product increased by 4.1% in the fourth quarter of 2014, Stats SA announced on Tuesday, accelerating much more than the markets expected – thanks largely to higher production in the manufacturing sector.

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Business update

South African finance and economy news.

Infrastructure

Modern transport, expanding energy, sophisticated telecommunications.

Key sectors

Economic sectors with particularly high growth and investment potential.

Policies

Macroeconomic policies, regulatory institutions, financial controls and more.

Development

Jobs, skills, urban and rural regeneration, government-business partnerships.

Economy overview

South Africa has the most advanced, broad-based industrial sector on the continent.

Global ratings

Recent international reports support South Africa's strengths as an investment destination.

Success stories

SA companies and products making their mark globally.