South Africa: GDP slows down (+2%), but Made in Italy imports are growing strongly
In South Africa, moderate growth in demand and energy prices are driving imports, with very significant opportunities for the Italian agri-food sector
HAPPENED TODAY – When Mandela was sentenced to life imprisonment (1964)
Convicted for the fight against apartheid, Madiba would remain in prison for almost 27 years but, once free, he worked for the reconciliation of the country and became its President and won the Nobel Peace Prize - It's nice to remember the example...
Renewables, Italian companies in South Africa for the Solar Show
The XNUMXrd edition of "The Solar Show" will take place in Johannesburg in the spring. This is a great opportunity for some Italian companies in the renewable energy market in South Africa
Enel GP builds new wind farm in South Africa
The planned investment exceeds 200 million euros - This is the group's fifth wind farm in the country - It should become fully operational in the second half of 2021
South Africa and scandals: President Zuma resigns
The Head of State gives in to pressure from his party, which threatened to vote a motion of no confidence together with the opposition - In his place comes Ciril Ramaphosa, a former protégé of Mandela and new president of the Africa National Congress.
Zambia and South Africa: development in a two-faced continent
Thanks to the extraction activity (+7,2%) Zambia's growth estimates are seen on the rise (+4,3%), while political uncertainty and the risk of alienating foreign investors have led to new cuts in South African debt rating (up to +0,7%).
South Africa, what's behind the collapse of the rand
The South African rand, which in 2016 was one of the best emerging currencies, lost 9,6% in the last week due to the political crisis at risk of civil war that was opened by President Zuma by dismissing Finance Minister Gordhan, the…
Photovoltaic, Enel: 2 plants in South Africa at the start
These are Adams and Pulida (82,5 MW each), respectively in the provinces of Northern Cape and Free State - Together they are able to produce 318 GWh a year, equal to the annual consumption of about 100 South African families
South Africa needs new energy to relaunch exports
The negative business climate and the uncertainty of the mining sector weighed on GDP growth (+0,1% in 2016 and +0,8% in 2017). On the other hand, high unemployment (26,6) and the fall in agricultural incomes are holding back consumption.
Enel Green Power awarded wind farms in South Africa
Enel GP participated in the tender with vehicle companies, holding a majority stake, in partnership with important local players - These are three wind projects Oyster Bay (142 MW), Nxuba (141 MW) and Karusa (142 MW) -…
Export: 25% of sub-Saharan trade in South Africa
As reported by the MiSE, in 2014 the value of trade between our country and South Africa rose to almost 3,6 billion euros, with a view to an increase in the period 2011-2014 of almost 9%.
Enel Green Power, 3 new plants in South Africa
In addition to the projects launched, Enel Green Power "was awarded the right to build the Pulida photovoltaic park with an installed capacity of 82,5 megawatts, the Gibson Bay wind farm with an installed capacity of 111 megawatts and the…
South Africa: an opportunity to be seized
Even if hitherto little exploited, South Africa offers great opportunities both for our exports and for our FDI, according to a survey by the Ambrosetti Club, also for accessing Sub-Saharan Africa. The automotive, metallurgical and agri-food sectors are interesting, and, for…
Rugby: the November test matches begin, amidst surprises and the desire for revenge
Test Mach November - Italy against Samoan bonebreakers looking for their first win in 13 games. The English are ready to let the all-blacks of New Zealand understand who will be the host of the next World Cup.
South Africa, platinum mines in chaos: workers on strike for months
The miners folded their arms nine weeks ago, asking for a wage adjustment, and have not yet managed to find an agreement - For the multinationals there are irreparable damages of almost 1 billion dollars - Meanwhile the…
Golf: Edoardo Molinari did well in South Africa, fifth after 54 holes
Rory McIlory is still leading after 54 holes and seems determined to win the Honda Classic for the second time in his career, but Tiger Woods is coming back and could give him a hard time.
Golf, Edoardo Molinari shines in South Africa
The Italian champion amazes at the Joburg Open: after the ninth place in Dubai he can qualify for the Open Championship.
Rates, shock increase in South Africa: from 5 to 5,5%
The South Africa Reserve Bank (SARB) raised the interest rate to 5,50% from the 5% it had been at since mid-2012.
Mandela funeral, historic Obama-Castro handshake
It is the first time that these two heads of state have shaken hands, the second ever between the leaders of the two countries since the beginning of the Cuban Revolution in 1960.
Enel GP in South Africa with wind and photovoltaics
Agreement signed to conclude contracts with the South African utility Eskom - Six projects for a total investment of 630 million will be completed and will enter into operation in 2016 - The result is in line with the strategic growth objectives of…
SACE: a hot summer for emerging countries
"A hot summer for emerging countries" is the title of the latest SACE focus, which examines the current currency difficulties in some of the main emerging countries (in particular India, Turkey, South Africa, Brazil and Indonesia) and the possible risks…
South Africa, discovered 4 diamonds of over 100 carats each
Rockwell Diamonds found the stones in the Orange River, in a South African region known for the size and quality of its gems - The stones, between 116 and 168 carats, could be worth tens of millions of dollars…
South Africa: the economy is growing, but is threatened by strikes
Pretoria's GDP increased by 3 percent between April and June - The increase, the highest this year, thanks to the manufacturing sector, which grew by 11,5 percent - But the incessant strikes in the auto sector and mining…
A 300 million pool for the CMC and Impregilo order in South Africa
SACE announces the finalization of two loans in favor of Eskom Holdings SOC Limited (Eskom), in an investment program to diversify energy sources and respond to the growing internal demand of the African country.
EU exports to South Africa, the primacy always speaks German
At the sixth EU-South Africa summit, Eurostat published the estimates relating to foreign trade between the two institutional partners: if Germany is the leading exporter, the heaviest negative balances are recorded in the United Kingdom.
South Africa poised between gold and oil
South Africa is cashing in on falling gold prices thanks to its declining weight in the basket of exported goods. However, the growing gap between the prices of gold and oil plays against the African country.
BRICS, the time for a rematch has not yet arrived
Even if in the case of Brazil, India, Russia, China and South Africa it is only a slowdown, the brick economies are highly dependent on Western countries and suffer from the weaknesses of the USA and Europe.
Bags and ETFs 2012: Turkey always in the lead – Fashion wins at Piazza Affari with Ferragamo and Tod's
In the first eight months of the year, the index of the 100 largest Turkish companies gained 31,41% and the ETF Lyxor Turkey 42,6% - The worst performances instead belong to Spain and Greece: the Ibex -13,38, 10,1% and Lyxor Msci Greece ETF -XNUMX% -…
Türkiye and South Africa, the crisis does not live here
Since the beginning of the year, the ETF linked to the Turkish Stock Exchange has gained more than 40% - The solid economy of Istanbul has been rewarded and has all it takes to continue growing - The JSE All Share of Johannesburg scored…
Golf, Oosthuizen's revenge: the South African first at the Malaysian Open
The South African wins in Kuala Lumpur - Seventh Matteo Manassero (-9), who won the tournament last year - The Scottish Gallacher (-12), the Spanish Cabrera-Bello (-12), the English Willet (-12) did very well ) and the American Lipsky (-12) - Chapò for…
Brics, national currencies to regulate exchanges
According to the Financial Times, the development institutions of the BRICS countries will sign an agreement to encourage payment for trade in national currencies
Brics, Civets and Carbs – Here are the new global giants
Bricks, civets and carbohydrates: they are the countries that will lead the world economy in the coming years - The most recent term is Carbs which indicates the major producers of commodities in the world - In a transversal analysis, the podium goes to South Africa…
Eurogroup and Ecofin, the calendar of works
Meetings with 17 and 27 countries respectively to discuss the various measures to be adopted in the European debt crisis are scheduled for Monday and Tuesday. On the agenda is the strengthening of the European Financial Stability Facility (EFSF), the recapitalization of…
Ferragamo, Norsa: confident about next quarter's accounts
The managing director of the Florentine fashion house expects strong growth in the future, driven by the increase in the BRICS market. Good prospects in the Italian and US markets thanks to the flow of Asian tourists. And to celebrate the success of the title…
South Africa has a recipe against the contagion of the crisis: trade with the whole world
The largest economy on the African continent continues to grow. The recipe for its success is its relations with many different countries: from China to Brazil, from Egypt to Angola. FIRSTonline spoke to economist Hendrik Strydom about his country's prospects (club…
Goldstein: “The Brics today, so similar but so different”
The first generation emerging countries are an opportunity that Italy cannot pass up. But you have to be willing to open up and get to know those very different realities without being misled by prejudices.