Share

UK group to study SA economy

Johannesburg - The Oxford Business Group launched a nine-month study of South Africa's economy in partnership with the department of trade and industry (DTI) on Wednesday.

"When the report is published next year, the conclusions will help brand South Africa as a destination for investment and business," said DTI chief director in the international trade division Brendan Vickers.

With Africa being the second fastest growing developing region after Asia, and South Africa being the economic hub of the African continent, in-depth studies would contribute to a greater understanding of the environment.

Robert Tashima, who will edit The Report: South Africa 2012 said South Africa could not be accused of being boring and bland, and that applied to business too.

"South Africa clearly stands out as a dynamic market," he said.

Its policies had buffeted it against economic turmoil and its gross domestic product, although not ideal, was stable.

"Many of South Africa's financial institutions are among the most recognised brands across the continent," Tashima said.

However, the country also featured unemployment, inequality and an overwhelmed infrastructure.

The dynamism of South Africa's economy complicated research processes.

To get a fuller picture, researchers would have to understand the nuances of the economy and go "beyond numbers", Tashima said.

The Oxford group is paying for the study. 

We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
19.02
-0.6%
Rand - Pound
24.00
-0.4%
Rand - Euro
20.52
-0.3%
Rand - Aus dollar
12.35
+0.0%
Rand - Yen
0.13
-0.6%
Platinum
900.40
+0.4%
Palladium
998.40
-0.3%
Gold
2,212.97
+0.8%
Silver
24.70
+0.2%
Brent Crude
86.09
-0.2%
Top 40
68,068
+0.6%
All Share
74,264
+0.5%
Resource 10
56,909
+2.2%
Industrial 25
103,553
+0.3%
Financial 15
16,463
-0.4%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders