Tag: GDP
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African remittances surpass $90bn a year
Remittances, or the money workers send back to their families in their home country, are now a major part of the economies of many African (and non-African) countries. So much so that countries like Kenya are seeing more money entering the country from remittances than from some of its more traditional exports like tea and…
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Democracy in South Africa: 30 years in 8 charts
As South Africa marks 30 years of democracy, the legacy of the African National Congress is under scrutiny. On one hand, nearly half the population receives some form of grant funding, but unemployment rates are alarmingly high and business confidence has waned significantly. These economic challenges cast a dark shadow over the milestone that is 3 decades…
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South Africa poised to strike gold with green hydrogen
Green hydrogen could have a transformative effect on South Africa: it could be used to clean up domestic industries and its export could add billions to the GDP.