Poverty trends in South Africa: An examination of absolute poverty between 2006 and 2015 / Statistics South Africa. 2018. Financial services is the largest domestic sector, accounting for around 20% of South African GDP, followed by manufacturing (12%) and basic materials (10%). IMF Country Report No. As part of that pledge, the Bank approved $107 million for Burundi, the DRC and Rwanda, to address gender-based violence. ZAF 39 South Africa 301,924 COL 40 Colombia 271,347 ... World Bank, 1 July 2021 1. This new report from the World Bank finds that the top 1 percent of South Africans own 70.9 percent of the nation's wealth. In Nigeria and South Africa—the two largest economies in the region—output fell sharply last year. This project is implemented by the Global Indicators Group (Development Economics) of the World Bank Group in collaboration with the National Treasury of the Republic of South Africa, the Department of Trade and Industry and the South African Cities Network. The first report, the Poverty and Inequality Assessment, was conducted in collaboration with Statistics South Africa and the Department of Planning, Monitoring, and Evaluation. Front and back cover: Kya Sands/Bloubosrand, Johannesburg, South Africa @Johnny Miller / Unequal Scenes The report was edited by William B. Hurlbut and designed Approximately 91 percent of pre- The study was carried out under the overall guid-ance of Marilou Uy (Sector Director, Finance and Private Sector Development, African Region, the World Bank) and Ruth Kagia (Country Director, Botswana, Lesotho, Namibia, South Africa and Swaziland, Africa Region, the World Bank). At the request of the National Treasury of the Republic of South Africa, the World Bank Group (WBG) has provided technical assistance to undertake a Retail Banking Diagnostic focusing on the provision of con-sumer transactional accounts2 and fixed deposits3 by retail banks in South Africa. Consistent with the MFD approach, the new Africa Strategy, endorsed by the World Bank Board in … The aim of the Retail Open Data Catalog. World Bank, led this work as the task team leader for the Nigeria . The World Bank Group’s Board of Executive Directors endorsed a new Country Engagement Note (CEN) for Sudan on October 8, 2020. The report Charting Our Water Future was developed to take a first step in providing greater clarity on the scale, costs and tradeoffs of solutions to water scarcity. Naval Academy April 2004 ABSTRACT A value added tax (VAT) was introduced in South Africa in 1991 to replace the general sales tax (GST). With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. It describes how SAPs are being implemented and what results they have produced over the past 20 years. Data in this Report is subject to change without notice. This financing will help contain a severe economic disruption that could also have regional spillovers. The World Bank looks forward to working closely with member countries, ... passing 35 million in South Africa. This report documents the progress South Africa has made in reducing poverty and inequality since the end of apartheid in 1994, with a focus on the period between 2006 and 2015. Unemployment, youth total (% of total labor force ages 15-24) (modeled ILO estimate) International Labour Organization, ILOSTAT database. Ansie Ramalho King IV Project Lead, Institute of Directors in Southern Africa 1 November 2016 Gold Sponsors DF King Limited AN ANALYSIS OF SOUTH AFRICA’S VALUE ADDED TAX by Delfin S. Go The World Bank Marna Kearney The University of Pretoria Sherman Robinson International Food Policy Research Institute and Karen Thierfelder U.S. the world bank eskom investment support project (p116410) report no. Sub-Saharan Africa and South Asia bear most of the global burden of under-5 deaths data. This work is a product of the staff of The World Bank with external contributions. paper) ISBN 978-1-4648-0124-2 (ebook) 1. Economic assistance—Developing countries—Evaluation. Even the World Bank ‘preached the doctrine of debt as the path towards accelerated development’. As a result, huge amounts were borrowed by the political elites, often wasted on luxuries, ‘white elephant’ projects or stolen by corrupt officials (Usually stooges, selected by the exiting colonial powers to lead these failed African states). The World Bank report cites policy uncertainty as an additional challenge that confronts South Africa’s growth. The World Bank presented its report on “End Poverty Day” in Ghana, the first country south of the Sahara to gain national independence from Britain in 1957. rights, should be addressed to World Bank Publications, The World Bank Group, 1818 H Street NW, Washington, DC 20433, USA; fax: 202-522-2625; e-mail: pubrights@ worldbank.org. The Africa 2030 report has benefited from the advice of a large number of experts around the world. data in Doing Business in South Africa 2015 are current as of January 2015. A. GDP-weighted averages. Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). 13/303 and OECD (2013), “Economic Surveys: South Africa 2013” for more details on South Africa’s structural issues. C. South Africa: Agriculture growth D. Current account balance Sources: Haver Analytics, International Energy Agency, Statistics South Africa, World Bank, World Economic Outlook. In South Africa, where economic activity was on weak footing before COVID-19, output is estimated to have fallen 7.8% last year. It contains macroeconomic, sectoral, and social indicators, covering 53 African countries. C. South Africa: Agriculture growth D. Current account balance Sources: Haver Analytics, International Energy Agency, Statistics South Africa, World Bank, World Economic Outlook. World Bank. The World Bank Group and public procurement : an independent evaluation / World Bank Independent Evaluation Group. 2 See IMF (2013), “South Africa: 2013 Article IV Consultation”, IMF Country Report No. Human Rights Watch defends the rights of people worldwide. countries -- Congo, Nigeria, Angola and South Africa – that benefit from net trade gains such that their real income increases faster than real output (ADI 2008/2009, World Bank), performance has also been poor (AEO, 2011). World Bank Group and IMF mobilize partners in the fight against COVID-19 in Africa. Washington, DC: World Bank. Some African countries (Kenya, Rwanda, South Africa… As the World Bank, we stand ready to work with all stakeholders and support South Africa to fulfill its development agenda and contribute to ending extreme poverty and promoting shared prosperity. As the World Bank, we stand ready to work with all stakeholders and support South Africa to fulfill its development agenda and contribute towards ending extreme poverty and promoting shared prosperity. 25.4 65.0 South Africa Latest South Africa 2000 EM Median 2010 High Unemployment, Poverty and Inequality It is our hope that the country will continue to use the World Bank’s knowledge, global experience, and convening power as a platform for peer- This article also gives a short analysis of the roles of the World Bank, the IMF and the local political elites […] Standard Bank South Africa’s (SBSA) transformation report provides an overview of the activities that we perform to support economic inclusion and transformation in South Africa. The economy of Nigeria is estimated to have shrunk 4.1 percent in 2020—0.9 percentage point more than previously projected—as the effects of the COVID-19 pandemic and associated measures Last observation is November 2017. South Africa’s 2020 growth expectation to just 0.7%, from the 1.5% it had previously forecast in September last year. The private sector is creating opportunities for entrepreneurs in Laos, and 30-40% of these entrepreneurs are women. About infoDev infoDev is a partnership of international development agencies, coordinated and served by an expert Secretariat housed in the Global ICT Department (GICT) of the World Bank, one of its key donors and founders. and selected countries mostly in Africa 23 Limitations of the present report 25 Annexes ... Organization region, World Bank region and World Bank income group 48 ... 9 In six of eight countries in the World Health Organization South-East Asia Region, The World Bank and IMF became increasingly prominent in Africa due to the economic crisis of the early 1980s. The cover of the report is based on a gen - eral design by Laetitia Yattien-Amiguet and Justin Kabasele of the Bank… At the request of the National Treasury of the Republic of South Africa, the World Bank Group (WBG) has provided technical assistance to undertake a Retail Banking Diagnostic focusing on the provision of con-sumer transactional accounts2 and fixed deposits3 by retail banks in South Africa. It is our hope that South Africa will continue using the World Bank’s knowledge, global experience and convening power as a In its first phase (2006-2009) the LPI was successful in developing the Framework and Guidelines on Land Policy in Africa (F &G), with a view to facilitating land policy development, implementation and monitoring. Washington, DC: World Bank. Volume 20 - October 2019 - Special sections: Empowering African Women and Accelerating Poverty Reduction in Africa Africa’s Pulse is a biannual analysis of the near-term macroeconomic outlook for the region, published around the World Bank/IMF Spring and Annual meetings each April and October. The CEN aims to support the Government of Sudan’s efforts to reform the economy, build a more equitable social contract, and provide a better … 24900 (2015) Go to resource Sub-Saharan Africa and South Asia bear most of … In this context, the digital economy for Africa targets appear within reach for South Africa, although efforts need to be maintained. License: Creative Commons Attribution CC BY 3.0 IGO. + Regional ICT/Education Initiatives in Africa This Summary Report is complemented by 53 separate Country Reports. H.E. SME firms in South Africa contribute to a great part of gross domestic product (GDP). South Africa is the 35th largest economy in the world (measured by current GDP). The Human Capital Index (HCI) database provides data at the country level for each of the components of the Human Capital Index as well as for the overall index, disaggregated by gender. Provides a listing of available World Bank datasets, including databases, pre-formatted tables, reports, and other resources. According to World Bank Group data, remains the world’s most South Africa … Overall, inequality has risen since 1994—and in some cases, policies adopted by the government have inadvertently helped entrench it further. South Africa’s Renewable Energy IPP Procurement Program: Success Factors and Lessons May 2014 Anton Eberhard, University of Cape Town Joel Kolker, World Bank Institute James Leigland, Private Infrastructure Development Group South Africa Digital Economy Diagnostic. II. The research performance of these regions In Nigeria and South Africa, output fell sharply last year. According to the World Bank biannual Africa’s Pulse report, as a result of the pandemic, economic growth in sub-Saharan Africa will decline from 2.4% in 2019 to between -2.1% and -5.1% in 2020, depending on the success of measures taken to mitigate the pandemic’s effects. In the late 1970s, rising oil prices, rising interest r ates, and falling Disability and Development Report ... eISBN: 9789210479035(PDF) ePUB: 9789213582800 . Pictured above: Staff at BCEL Bank, Vientiane, Laos. Washington, DC: World Bank. The poverty indicators in this report have been derived using household expenditure data collected through a combination of the diary and recall methods and utilising the rebased national poverty lines published in 2015. The report focuses on the poverty profile of individuals and households at national and provincial levels. 1 This report presents us with an opportunity to inform and update all the relevant stakeholders about the latest energy demand and supply trends in South Africa The PDF of the final, full-length book, once published, will be available at Mozambique— Southern Africa Regional Gas Project. In May 2013, World Bank President Jim Yong Kim announced $1 billion in support for countries in the Great Lakes Region with a special emphasis on women, who are among the most vulnerable groups in the region. An assessment of South Africa’s digital economy has been launched as part of the World Bank Group’s digital economy for Africa (DE4A) initiative, which leverages an integrated and foundations-based diagnostic framework to examine the present level of digital economy development across Africa. South Africa is one of the digital economy leaders on the African continent, but lags developed countries. Released on Wednesday, March 31, 2021. TREND IN INCOME INEQUALITY B. In a conversation with IMF Country Focus, the Director-General of South Africa’s National Treasury Dondo Mogajane explains how the government has responded to the COVID-19 crisis, how IMF financing will help to stabilize the economy, and strategies for addressing debt and spurring growth. Naturally, all errors remain our own. This is why I believe that we cannot overstate the importance of agriculture to Africa’s deter- 20/226 SOUTH AFRICA ... the BRICS New Development Bank, the IMF, and the World Bank. Title: a4s Author: Ярослав Created Date: 2/1/2014 3:46:56 PM Last observation is November 2017. Countries from The World Bank: Data. The lower rate reflects widespread power outages and weak economic activity in key sectors like mining and manufacturing. 1.14 Africa’s current account is expected to worsen to 8.1 percent of GDP in 2020 22 1.15 Foreign direct investment and remittances flows will be disrupted 22 2.1 The curve of the pandemic in Africa is flattening gradually 23 Data retrieved on June 15, 2021. on 26 September, 2019. The findings in this Synthesis Note also seek to inform the World Bank Group's evolving approach to supporting SMEs. The main conclusions are as follows: First, by any measure, South Africa is one of the most unequal countries in the world. This report is a response to that challenge and a result of our work together through a programme of case studies, research and high-level expert discussions, to contribute elucidating this phenomenon. The proposed Poverty and Inequality Assessment will document South Africa’s progress in reducing poverty from 1994 to 2015. 2018. 2. Each issue also includes a special focus on a particular development challenge that is shaping Africa’s economic future. According to the World Bank, the South African economy grew by 1.4% in 2017 and 0.8% in 2018, with only The twin goals of the World Bank Group (WBG) are to end extreme poverty and boost shared prosperity in Sudan. Ghana is now often championed by Western financial publications as a “success story” in the broader effort to ameliorate poverty and underdevelopment in Africa. The school survey conducted for this report in Ajeromi-Ifelodun by the World Bank with support from the United Kingdom’s Department for International Development (DFID) found 726 schools with 94,099 enrolled students in pre-primary, primary, lower secondary and upper secondary education. This report is a product of the staff of the International Bank for Reconstruction and Development/ The World Bank. “mb/d” stands for million barrels per day. Pretoria: Statistics South Africa, 2017 Report No. deaths (figure 2.6.1.B; World Bank 2020l). 3.5 Mobilizing private resources for skill training through South Africa’s Employment Tax Incentive scheme 127 Figures 1.1 Africa’s GDP growth is above the world average 16 1.2 The global economic environment is changing 17 1.3 The terms of trade for oil exporters in Africa have strengthened in … the Africa Visa Openness Index Report 2018, also published by the African Development Bank with the Africa Union Commission, shows that African countries are on average becoming more open to each other. assessment was published in 1998 and commissioned by the Government of South Africa with assistance from the UK Department for International Development, UNDP, World Bank and the Dutch Government. NewsRescue Below is a brief background of the events that led many countries to accept SAPs. The World Bank Group and International Monetary Fund today convened African leaders, bilateral partners, and multilateral institutions to spur faster action on COVID-19 response in African countries. Building Bridges. As the World Bank, we stand ready to work with all stakeholders and support South Africa to fulfill its development agenda and contribute to ending extreme poverty and promoting shared prosperity. The report is structured according to the elements of the Financial Sector Code (FSC) and covers the initiatives, projects, and strategies we’ve put in place to drive April 17, 2020. Attribution—Please cite the work as follows: World Bank Group. B. Bank Group,4 and the World Bank Group,5 for adding their weight to this report and for promoting the tax transparency agenda in Africa. “mb/d” stands for million barrels per day. ... WomEng South Africa with One Million STEM Girls Project..... 134 Box B.12. The World Bank and Elsevier are partnering on this report to examine the research enterprise over a decade from 2003 to 2012 of three different geographies in sub-Saharan Africa (SSA): West & Central Africa (WC), East Africa (EA), South-ern Africa (SA). This booklet contains the overview from Poverty in a Rising Africa, Africa Poverty Report doi: 10.1596/978-1-4648-0723-7. It draws on the work of the World Bank-commissioned report C. Last observation is 2017Q3. South Africa. Nigeria’s economy is estimated to have contracted 4.1% in 2020, as the effects of the pandemic impacted economic activity in all sectors. According to a paper published by the South African Reserve Bank (SARB) in 2015, it estimated that 91 per cent of formal business entities in South Africa are responsible for 52 – 57 per cent of GDP (The South African Reserve Bank , 2015). This financing will help contain a severe economic disruption that could also have regional spillovers. 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