South Africa’s ocean economy has become a focal point for investment, drawing in over R4 billion, a significant achievement largely bolstered by government initiatives aimed at harnessing the nation’s maritime potential over the past decade.
Industry
South Africa’s Tharisa Plc (THST.L), announced plans to spend $547 million on an underground platinum group metals mining project over the next decade, betting on the metals being integral to the global shift to cleaner energy technologies.
South Africa’s digitally active retail customers have surged to over 4.5 million, with a more than 7% growth in 2024. Digital transformation is speeding up!
Driven by the recovery of the mining industry, the growth of manufacturing and policy support, the machinery and equipment industry in South Africa has shown a stable development trend.
After more than a decade-long absence, Chinese automaker Geely will re-enter the South African automotive market in October 2025
This event aims to transform the industrial scene in South Africa and beyond, gathering top talents, advanced technologies, and innovative ideas in one place.
South Africa plans to conduct a comprehensive review of its electricity pricing structure, aiming to propose a new scheme by June 2026.
South Africa’s economy surprised on the upside in the second quarter of 2025, with Gross Domestic Product (GDP) expanding by 0.8% quarter on quarter and 0.6% year on year, buoyed by a rebound in mining and increased consumer spending.
This milestone reflects the nation’s thriving digital economy and growing consumer confidence in e-commerce.
The machine tools market in South Africa is expected to reach a projected revenue of US$ 281.0 million by 2030.
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