Latest Posts

New cannabis bill could see construction taking the high road

The proposed amendments to the Cannabis for Private Purposes bill that seeks to further decriminalise cannabis usage and legalise South…

Read More..

Luxury vs ultra-luxury – What’s the difference?

BESPOKE LIFESTYLE: There are a number of key factors that distinguish ultra-luxury homes form the rest, not least that they’re…

Read More..

Creating sustainable growth and reducing poverty through structural transformation

Urban development domains ACRC’s analytical framework uses the concept of urban development domains to transcend both sectoral and traditional systems-based…

Read More..

A root cause of flooding in Accra: developers clogging up the city’s wetlands

Christopher Gordon, University of Ghana Ghana has six designated Ramsar sites. These are wetlands designated under the criteria of the…

Read More..

Nigerian property crime could be reduced if neighbourhoods were better designed

Adewumi Badiora, Olabisi Onabanjo University Nigeria has a very high crime rate. The Global Peace Index ranked it the world’s…

Read More..

Inner cities are growth engines attracting young homebuyers

Inner city living is boosting the city residential property market and driving urban rejuvenation Inner cities. Love them or hate…

Read More..

Kenya’s push for affordable housing is creating opportunities despite barriers

Raphael M. Kieti, University of Nairobi; Robert W. Rukwaro, University of Nairobi, and Washington H.A. Olima, University of Nairobi In…

Read More..

Heron IVC: Walking the green talk

Waterfall is closing the loop on waste Waterfall prioritises sustainability and responsible environmental stewardship as a strategic imperative, keeping the…

Read More..

21st Aug 2022

Architect Africa Online

Africa's Leading Architecture Aggregator

South Africa must forge a new economy in a global reality

President Cyril Ramaphosa says South Africa must forge a new economy in a new global reality.

“We have to both recover the ground that we have lost due to the Coronavirus pandemic, and to gain new ground by placing our economy on a fundamentally different growth trajectory,” President Ramaphosa said in his weekly newsletter on Monday.

He said the country’s economic recovery plan is not about a return to what was, but about transformation to what is next.

“One of the concrete ways that we can do this is by harnessing the job creating potential of the digital economy, whose growth has only been accelerated by the Coronavirus pandemic,” President Ramaphosa said.

He said it is remarkable that South Africa was ranked first in the world as a destination for global business services often called business process outsourcing in a survey of over 600 executives from eight key sourcing markets, including Australia, Canada, France, Germany, Italy, Spain, the UK and the USA.

“This is truly a remarkable achievement. In a short space of time, our country has propelled itself from a relatively unknown destination for offshore customer service delivery, in the shadow of large competitors such as India and the Philippines, to the very forefront of the global industry.

“The story of how this was achieved holds important lessons for what we can do if we work relentlessly as government and social partners towards a common goal,” President Ramaphosa said.

South Africa has several advantages that make it an attractive destination for business services.

“First, we have sophisticated digital infrastructure, including mobile networks and high-speed broadband.

“Second, we have a young, dynamic and skilled workforce that delivers a world-renowned quality of service, along with deep knowledge in technology and financial services. Thirdly, we have a high level of English proficiency, and finally, we are positioned in a similar time zone to our key export markets.”

According to President Ramaphosa, these unique attributes have provided the country with a strong foundation to work from.

Government introduced the Global Business Services Incentive just over two years ago to encourage investment and support job creation in the sector. The incentive has been successful in reducing costs and attracting new investors to South Africa. –

Image: Image by Gerd Altmann from Pixabay


If you find this website useful please spread the word.

Follow by Email