Of all the vertically and horizontally integrated freight and ports companies that have existed in the world, Transnet is the last remaining of its kind. While there have been talks and nominal moves towards breaking up at least parts of Transnet’s various operations and introducing private sector investment and competition, these have not yet been made a reality.
Chris Hattingh is Executive Director at the Centre For Risk Analysis (CRA). With a special focus on trade, investment, and economic matters, as well as foreign policy, Chris serves on the Executive Board of the Global Trade and Innovation Policy Alliance, sits on the advisory council of the Initiative for African Trade and Prosperity and holds the position of Senior Fellow at African Liberty. Chris holds an MPhil (Business Ethics) degree from Stellenbosch University. In his role at the CRA, Chris leads strategic engagements and briefings to clients across South Africa, as well as globally.
Should US president-elect Donald Trump’s new administration succeed in implementing a raft of higher tariffs on imports, and generally place the US on a more protectionist trade and economic footing, developing economies such as SA will need to weather higher prices, more restricted and hobbled global trade flows, and the effects of a stronger dollar.
The Reserve Bank barely moved last week, cutting interest rates by just 25 basis points. Analysts have rounded on governor Lesetja Kganyago for being too coy – but it was exactly the tonic.
The recently presented 2024 Medium Term Budget Policy Statement (MTBPS) by Finance Minister Enoch Godongwana paints a sobering picture of South Africa’s fiscal outlook.
When South Africa assumes the presidency of the G20 on 1 December, it gains a position that will afford the country, and the Government of National Unity (GNU), numerous economic, investment, trade, diplomatic, and strategic opportunities.
The formation of the government of national unity (GNU) has afforded SA a few months of positive market sentiment, a stronger rand and more positive interest in investment opportunities from international investors.
Reform of network industries is required for manufacturers to truly benefit from government support
South Africa’s young, growing population presents a substantive opportunity for the country’s future; a skilled workforce, a growing middle class with aspirations, and an expectation for satisfactory government and private sector services and offerings.