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TABLE OF CONTENTS


              Minister’s Foreword ............................................................................................................  1


              Head of Department’s Foreword  ...................................................................................  2

              Editor’s Notes  .....................................................................................................................   3

              Acknowledgements  .........................................................................................................   4

              List of Figures  ......................................................................................................................  6

              List of Tables ........................................................................................................................  7


              Opinion: Why GDP Tells Us Very Little About the Economy ..........................................  8

              Energising the Western Cape  ..........................................................................................  17

              Electric Vehicles  ................................................................................................................  24

              Khulisa Newsletter ..............................................................................................................  40

              Portfolio Insights at the end of the Universe ...................................................................  43

              Spot the Opportunity ........................................................................................................  48

              Investor Narrative ...............................................................................................................  54 PROVINCIAL OUTLOOK      NATIONAL OUTLOOK      GLOBAL OUTLOOK      GAP HOUSING      INVESTOR NARRATIVE      SPOT THE OPPORTUNITY      PORTFOLIO INSIGHTS      KHULISA NEWSLETTER      ELECTRIC VEHICLES      ENERGY SECURITY      LOOKING AT GDP


              Gap Housing ......................................................................................................................  66

              Global Economic Outlook  ...............................................................................................  74

              National Economic Outlook  ............................................................................................  82

              Provincial Economic Outlook  ..........................................................................................  86



































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