South Africa GDP
How Tech Will Drive New Job Opportunities in South Africa
There is no doubt that the pandemic has accelerated most digitalisation trends, compressing what was expected to take years into months. And this has been applauded by the technology industry and business alike, with, for instance, even the most cloud-skeptical CEO appreciating technology’s ability to ensure business continuity as we rapidly shifted to a distributed workplace. But, when counterpointed with South Africa’s latest unemployment figures and sluggish GDP, it is not unexpected for people to have concerns over the impact of digitalisation on job availability. According to Statistics South Africa, unemployment rates in the first quarter of 2021 were at a record high of 32.6%, with a rate of a staggering 46.3% among people aged 15 to 34 years old. But the fact of the matter is digit...
How COVID-19 has Impacted Africa’s Wealthiest Countries by GDP
Sourced from IDG Connect Spanning 54 countries, Africa is a powerhouse in the world of natural resources and innovation. And despite the social and political issues the continent faces, there’s was no doubt that it was on track to see an abundance of opportunities to grow in the coming years – however, there was no telling what impact COVID-19 and subsequent national lockdowns would have on local GDPs. Here is a quick look at the richest countries in Africa in a COVID-19 economy: Nigeria A key component of the African economy, Nigeria has a population amounting to half of West Africa (just over 202 million). With an abundance of natural resources, it remains Africa’s number one producer in terms of GDP output, roughly $446,543 Billion at the end of 2019. The country is Africa’s large...
