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Posts Tagged ‘economy’
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June 12, 2019

DHL rolls out e-commerce platform to more markets in Africa

DHL Africa eShop has seen impressive growth since launching and has now been rolled out to nine more countries across sub-Saharan Africa.

Following the success of the DHL Africa eShop (www.Africa-eShop.DHL) app in 11 countries across sub-Saharan Africa, DHL Express has announced that its innovative mobile and desktop platform has been rolled out in nine more countries across the continent.

Hennie Heymans, CEO of DHL Express sub-Saharan Africa, says that they’ve seen impressive growth in usage of the DHL Africa eShop app since it was initially brought online in South Africa, Nigeria, Kenya, Mauritius, Ghana, Senegal, Rwanda, Malawi, Botswana, Sierra Leone and Uganda in [...]

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June 10, 2019

Maybe Africa really will become the new China

When people tell me that Africa will be the new China, I’m not as incredulous as I used to be. The continent is showing potential, and progress could come from what many consider to be a highly unlikely area: manufacturing.

All across Africa, investors — many of them private entrepreneurs from China — are building factories. Others from India, Sri Lanka, and Bangladesh are joining in, while car companies from Japan, Germany, and South Korea are declaring their intent to put assembly plants in places such as Ethiopia, Tanzania, and Ghana. Meanwhile, overall African growth is looking impressive. The International Monetary Fund forecasts that 6 of the top 10 fastest-growing [...]

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May 27, 2019

South Africa’s President Ramaphosa vows ‘new era’ at inauguration

South Africa’s President Cyril Ramaphosa vowed to bring about “hope and renewal” as he was inaugurated at a stadium in the capital Pretoria.

The African National Congress (ANC) leader vowed to tackle corruption and rejuvenate the struggling economy.

He was elected earlier this month with a majority of 57.5%, the smallest since the party came to power 25 years ago.

Mr Ramaphosa initially took over from Jacob Zuma in 2018 after Mr Zuma was accused of corruption.

Mr Ramaphosa is the country’s fifth democratically elected president since apartheid ended in 1994.

“This is a defining moment for a young nation like [...]

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May 3, 2019

DEFY RAMPS UP SA PRODUCTION WITH R1BN INVESTMENT

Through the revival of the Jacobs factory, a total of 75 new job opportunities will be created to manufacture an estimated 500 top loaders per shift. This manufacturing development also serves as a much-needed boost to the local community of Jacobs by undertaking a localisation programme as part of their new investment.

By 2020, Defy is looking to expand their output to include new cooking products such as 60cm built-in ovens and a new free-standing stove, an investment opportunity totalled at R25milion collectively.

Growing local economy

According to Evren Albas, the CEO at Defy South Africa, economic growth in South Africa is a top priority for the company. [...]

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