Key View

• South African vehicle production will see a robust recovery in 2021 as the demand for new vehicles in the country, and its key export markets, rebound.
• The lifting of the licence-exemption cap for electricity producers will offer increased stability to the South African electricity grid and will reduce the risk of automakers

Key View

• South Africa's announcement that it will lift the licence-exemption cap for private electricity generators to 100MW, up from just 1MW previously, offers the very nascent local electric vehicle market some scope for growth.

We believe that South Africa's announcement that it will lift the licence-exemption cap for private electricity

Key View

• South Africa’s healthcare market will remain one of the most advanced in Sub-Saharan Africa (SSA).
• As such, patented drugs currently dominate the pharmaceutical market, however, the generic drug segment will offer the best commercial opportunities over the coming years especially due to the country’s policy of generic substitution.

Key View

• At Fitch Solutions, we expect South African real GDP growth to accelerate to 3.5% in 2021 after a 7.1% contraction in 2020 caused by the Covid-19 pandemic and associated global downturn.
• Growth will be driven by a recovery in private consumption and an improved external environment, which will boost demand for South Africa’s

Key View

• In the short term, medium-scale retail construction projects, such as convenience centres and strip malls, will support retail building growth, as they have proven resilient against the impact of Covid-19 and as essential spending growth will drive retail building demand in rural and sub-urban areas.
• In the medium-to-long term, we

Key View

• Both MTN and Zain have now launched 4G services in South Sudan, far behind regional peers, some of whom are already looking ahead to 5G.
• The commitment to a transitional government and the opportunities from 3G customer migration bode well, although service monetisation remains a long-term prospect.
• The 4G user base will grow from

Key View

• We forecast real household spending in South Africa to begin to recover in 2021, growing by 3.2% y-o-y, after the Covid-19 pandemic led to an estimated contraction of -11.9% y-o-y in 2020.
• On March 1 2021, South Africa entered into an adjusted level 1 of its nationwide lockdown in response to a decreasing number of Covid-19