market intelligence
Government takes R2.7-Billion stake in one of South Africa’s newest & fastest-growing cities The government, through the Public Investment Corporation (PIC), is set to acquire a 30% stake in Waterfall City for R2.7-Billion, after signing a binding agreement with developer Attacq this week. The PIC and the Attacq Waterfall Investment Corporation (AWIC) have concluded binding legal agreements, detailing the terms and conditions of the proposed transaction. The newly developed city, which is home to Mall of Africa, the PwC tower, and a host of other new residences and office developments, is one of the fastest- growing precincts in the country. .. Read more
A hydrogen economy may fuel a more solid development drive in Southern Africa Southern Africa’s energy sector, including Namibia and South Africa, is exploring the potential benefits of embracing a hydrogen economy, primarily driven by green hydrogen, a clean and natural energy source. Recent interest in this arises from the global push for sustainable energy options. Green hydrogen can be produced by electrolysing water into hydrogen and oxygen using energy from green sources like the sun, water, and wind. This process is deemed “green” because it does not make greenhouse gases. When hydrogen fuel is burned, it turns into water instead of carbon dioxide, as happens when fossil fuel is burned. Of particular value in the move towards a sustainable energy system, green hydrogen can be used in hard-to-decarbonise areas like heavy industry and transportation ... Read more
Stainless steel tubes and pipes benefit from high growth industries The current economic uncertainty has left the tube, pipes, and fittings sector relatively unscathed. Overall, the post-COVID economic recovery – though weak because of inflation and the ongoing war in Ukraine – provides a positive environment, with certain regions and sectors driving growth. The global stainless-steel tubes and pipes market, estimated at $32-Billion in 2021, is anticipated to grow to $44.7-Billion in 2028, with an annual compound growth of 4.6% (1) ... Read more
Issue 2 – 2023
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