PHILIPPE BURGER: SA needs a green, urban-driven investment strategy to realise growth

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 47 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 63%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

In the next 15 years, the country needs to build urban areas that can accommodate a population the size of Gauteng’s

Even before Covid-19, the SA economy found itself in recession, with the official unemployment rate exceeding 29% and economic growth all but disappearing. Then the pandemic hit, probably shrinking the size of the economy by more than 5% and pushing unemployment up yet further.

We need to reimagine an SA where economic growth is high, inclusive, green, investment-driven and urban-focused. We need to shift our focus towards urban and especially metropolitan development, supported by a sustainable agricultural sector to feed everyone. According to the Council for Scientific and Industrial Research, SA’s urban population is set to increase to between 50-million and 52-million by 2035, an increase of 12-million to 14-million from 2018. Gauteng’s 2018 population was 13.

To demonstrate the possibilities for a future SA, let’s take two sectors that require a complete reimagination: energy and water. To solve the country’s future energy demands, it needs to rely more on renewable energy. The Northern Cape, covering an area larger than Germany, gets some of the best sunshine in the world — its direct normal irradiation is more than 8kWh/m², higher than even the Sahara receives.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business Maverick: South Africa Looks to Green Infrastructure Bond to Spur GrowthSouth Africa’s government is considering selling a green infrastructure bond worth tens of billions of rand as part of its biggest drive ever to kickstart private investment in projects ranging from energy to water reticulation.
Source: dailymaverick - 🏆 3. / 84 Read more »

Citizenship and residency by investment in real estate an ongoing trend in SASPONSORED | Citizenship and residency by investment in real estate is an ongoing trend in SA – and Portugal tops the list of destinations. See why:
Source: BDliveSA - 🏆 12. / 63 Read more »