The Asian Infrastructure Investment Bank (AIIB), which is headquartered in Beijing, plans to invest $1-billion in projects across Africa, where only 4% of the $52-billion it has financed since its inception eight years ago has been directed. AIIB president Jin Liqun reports it has a pipeline of seven projects in Africa, which it is seeking to build further, while there is also interest from African members to issue Panda bonds.
The South African people must go all out for force the public and private sectors to collaborate fully in growing our economy. Jobs, jobs and more jobs must be the demand of South Africa’s citizenry in the full knowledge that the only way to achieve that is though working together effectively to grow an inclusive local economy. The voters have spoken and they would not have done so in the aggrieved way that they have if there were a significantly growing economy and employment opportunity. Climate imperatives are providing colossal growth potential, let alone what is there for the taking in mineral exploration, agriculture, infrastructure, manufacture and recycling.
The African National Congress (ANC) will invite other political parties to form a government of national unity, its leader Cyril Ramaphosa said on Thursday, after a meeting of the ANC's National Executive Committee. The ANC lost its Parliamentary majority in last week's election, meaning it cannot govern alone for the first time since the end of apartheid 30 years ago.
Decarbonisation is presenting South Africa with an exceptional opportunity to grow economically while simultaneously doing what is right. Re-industrialisation is beckoning at a level well within the scope of our know-how. The green metals and minerals that we are not mining at this stage are there to be pursued, which can generate immense near-term exploration activity, and green building is attracting subsidised loan finance. South Africa has a national climate-accord obligation build somewhere in the region of 30 GW of renewable energy between now and 2030, which opens the door to green hydrogen development. South Africa’s target of reducing its greenhouse gas emissions by 42% which is only six months away and performance-based incentive grants are there for the taking. There should be no stopping us.