Trends and growth

South Africa is top for affordable financial services

Three-quarters of adult South Africans have bank accounts, and women generally have equal access to formal financial services. Several mobile money payment systems, initiatives to digitise government transfers, and an extensive banking infrastructure all support financial inclusion.

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Halaal food park on cards for South Africa

The government of the Western Cape has plans to establish a R1-billion halaal agri-processing food park to capitalise on the multitrillion-dollar global halaal market. The park will be a cluster of manufacturing and service firms in the halaal industry.


More South Africans log on via mobile

The number of cellphones in South Africa has soared by over 800% in the past decade or so, according a new report. And while internet connectivity speeds are ponderously slow and very expensive, this has not stopped South Africans from using their phones to connect to the web.


Gibela on track for South African factory

Construction on the Gibela industrial complex in Gauteng is to begin later this year, says the rail transport consortium. Once fully operational, it will produce 62 trains a year. Local suppliers are crucial, and the facility will help to spark industrial growth in the region.

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