Key View

• South Africa's higher power generation cap will bolster electricity supply to mines and smelters, so as to stimulate steady production in South Africa's mining and metals sector that previously suffered from load shedding and power outages.
• We expect the regulatory change will allow independent power producers to enter into the

Key View

• LNG has been touted as a transition fuel that can bridge the gap between South Africa’s heavy reliance on more polluting fossil fuels and a clean energy future; however, we remain bearish on a widespread adoption of LNG in South Africa by the end of the decade.
• Sasol and the Central Energy Fund have signed a memorandum of

Key View

• South Sudan’s first licensing round is under way, with the government seeking bids on five blocks. Strong uptake of the blocks is critical, if the country is to reverse the longer-run declines in its oil output.
• While it has a large and underdeveloped resource base, a high-risk investment climate and subdued global capex levels will

Key View:

• We have slightly revised downwards our outlook for the South African consumer electronics market; sales will now grow from USD5.5bn to USD13.7bn over the 2021-2025 period.
• This is to account for recent instances of social unrest and ongoing risks to the country’s economic rebound including rolling electricity blackouts and waning

Key View

• Biovac Institute’s new deal to manufacture the BioNTech-Pfizer Covid-19 vaccine will boost local vaccine production and strengthen South Africa’s pharmaceutical market and exports.
• The pharmaceutical industry in the country will further benefit from the new mRNA tech transfer hub which will help boost innovation.
• While these

Key View

• South Africa's iron ore production will see 5.0% growth in 2021 from 2020 as mines recover from Covid related production constraints.
• The expected medium-term growth in iron ore production will be attributed to new projects coming online in a period where most projects emerging from West Africa have been delayed or cancelled.
• We

Key View

• At Fitch Solutions, we have revised our 2021 forecast for South Sudan’s real GDP from 5.9% growth to a 1.1% contraction, after an estimated 6.7% decline in 2020.
• We expect oil exports to continue falling over the remainder of 2021, keeping the economy in recession.
• While higher oil prices will support fiscal revenues and increase

Key View

• A rebound in the South African economy will support healthcare spending growth as household incomes and government revenue recover over the short term.
• The pharmaceutical and healthcare markets will see substantial growth over the long term as the country continues to improve access to healthcare and medicines through the

Key View

• South African households will allocate 19.9% of their budgets to food in 2025, increasing from 18.1% in 2011. The increased food spending will be aided by rising disposable incomes, which has seen consumers diversifying their food spending.
• Meat and poultry will remain the largest food spending category, with poultry dominating both