frameworks, technology is the glue that can bind Africa’s economies together. But let’s not get ahead of ourselves. First, let’s talk about why this matters for South Africa. South Africa has the largest economy on the continent, and its position as an economic hub offers it the unique ability to lead Pan-African economic initiatives. One of the most exciting opportunities for collaboration is through the African
Justice is not just a moral imperative - it’s an economic one” - aiMOM
Continental Free Trade Area (AfCFTA). Launched in 2021, AfCFTA is designed to create a single continental market for goods and services, with free movement of businesspersons and investments. By 2030, the agreement is expected to
HOW DOES THIS BENEFIT SOCIAL JUSTICE,
boost intra-Africa trade by 52%, which will be pivotal for
EQUITY, AND INCLUSION?
economic growth.
1. Trade and investment: By reducing tariffs and
SOUTH AFRICA’S TRANSFORMATION JOURNEY: WHERE ARE
2. Job creation: Collaboration between African
non-tariff barriers. WE NOW?
nations leads to the opening of more factories,
South Africa is a country of contrasts. On one hand, we’re
distribution networks, and businesses
a leader in innovation, with tech hubs like Cape Town and Johannesburg driving global trends. On the other hand,
across borders. 3. Addressing historical disparities: Pan-African
we’re still grappling with the legacy of apartheid, where
collaboration, if done right, can offer
inequality and exclusion remain stubbornly entrenched.
opportunities for economic redress.
Here’s a quick snapshot of where we stand:
4. Skills development and education:
The good news? South Africa doesn’t have to tackle
Collaboration will lead to the exchange of
these challenges alone. By leveraging Pan-African
knowledge and expertise across African nations.
collaboration, we can accelerate transformation and
South African professionals can learn from their
create a more inclusive future.
counterparts in other parts of the continent, while also offering their own expertise in key areas.
INDICATOR
PROGRESS
CHALLENGES
Economic Growth
GDP growth projected at 2.5% in 2025, driven by mining and tech sectors.
High unemployment (32.9%) and income inequality persist.
Land reform and affirmative action policies are making slow progress.
Implementation gaps and political resistance hinder transformation.
reparations into infrastructure, education, and
South Africa ranks high in gender diversity in corporate leadership.
Rural areas and informal sectors remain excluded from economic opportunities.
• Example: South Africa can collaborate with
Rapid adoption of AI, fintech, and renewable energy solutions.
Digital divide limits access for marginalised communities.
• Impact: Increased investment leads
Social Justice
Diversity & Inclusion
Technology Adoption
REPARATIONS AS A CATALYST FOR ECONOMIC GROWTH Reparations are not just about righting historical wrongs; they’re about creating a foundation for future growth. By reinvesting
68 I M P U M E L E L O T O P E M P O W E R M E N T 2 4 E D I T I O N TH
technology, South Africa can unlock new opportunities for its citizens.
the African Diaspora to create a Pan-African Reparations Fund, which invests in projects that drive economic inclusion, such as affordable housing and digital infrastructure. to job creation, reduced poverty, and greater economic inclusion.
