Dear WOW User The South African economy pulled itself out of its second recession since 1994 in the third quarter of 2018 with a quarter on quarter GDP growth of 2.2% with contributions from the following sectors; Manufacturing – 7.5% Agriculture – 6.5% Transport – 5.7% Trade – 3.2% Finance – 2.3% State – 1.5% Personal Services – 0.7% Of the 12 industries research by Who Owns Whom in December 2018 and January 2019 six where in the high performing manufacturing sector; The Confectionery Industry South Africa has a sweet tooth with the chocolate market valued at approximately R6.4bn and …
The year that was It is probably safe to say that most of us are happy to see the back of 2018 and the signs of long absent patriotic leadership in both the state and private sector give us hope for 2019 and beyond. We will be closed from 21st December 2018 until 7th January 2019 and wish you all a safe and restful festive season. Smart Cities Readers of London’s Daily Telegraph may have rated Cape Town the greatest city on earth, but the city does not rank in the world’s top 50 smart cities, where New York, London, Paris, Tokyo and Reykjavik rank in the top five.
South African-based companies have just under 5500 subsidiaries on the rest of the African continent, according to the Who Owns Whom (WOW) ownership file of 32 000 African companies. These are traditionally weighted towards SADC countries, but the last ten years has seen a surge of expansion into East and West Africa.
The ANC’s land summit decision to expropriate land without compensation has raised concerns for a negative impact on property valuation and a consequent risk to the banking sector but it should be viewed in context. Land restitution in South Africa is an imperative if we are to live in a just society. When South African soldiers returned from the second world war the white soldiers were given farms and the black soldiers bicycles. The forced removals of black people from areas such as District Six and Sophiatown shredded the social fabric of those communities and is one of apartheid’s greatest crimes.