South Africa

IEA sees bright outlook for African Energy

Africa’s GDP can quadruple by 2040, but with only a 50% rise in energy demand
A new dawn in energy resilience may come to Africa if there is a sizable move to renewable energy
 
Africa has the potential to expand the continental economy fourfold, but by implementing the right policies, energy demand need only expand by 50% according to a new report by the International Energy Agency (IEA), which had its first public presentation of the report at the second African Investment Forum in Johannesburg, South Africa.

South African nanosatellites will track shipping, fires

Will prevent marine poaching and mitigate fire risk
AIS Data spread for SDR payload. Photo Credit: Amaya Space
A constellation of South African nanosatellites will be put in orbit next year to monitor shipping to prevent the poaching of marine resources such as abalone and sharks, while they will also track fires so ground-based personnel can move livestock out of harm’s way and prevent the spread of the fire.

South African government issues $5bn in bonds

“The South African government sees the success of the transaction, believed to be the largest ever out of Sub-Saharan Africa, as an expression of investor confidence in the country’s sound macro-economic policy framework and prudent fiscal management.”
The National Treasury building in Pretoria [PREUSS]
The South African government placed $5 billion worth of bonds in the international capital market on September 23 2019 in the largest bond issuance by a Sub-Saharan African country.