Yacoob Abba Omar, the South African ambassador to the UAE, says improving public health care in his country is a challenge. Fatima Al Marzooqi / The National
Yacoob Abba Omar, the South African ambassador to the UAE, says improving public health care in his country is a challenge. Fatima Al Marzooqi / The National

Abu Dhabi and South Africa's shared ambitions for 2030



Abu Dhabi and South Africa both have ambitious visions for 2030 and have achieved a tremendous pace of change in recent years.

But their specific aims are very different.

One of the main objectives of Abu Dhabi's road map is to achieve a more diversified economy that relies less on oil. South Africa already has a diversified economy, although it plans to create a more capable nation and state, says Yacoob Abba Omar, the country's ambassador to the UAE.

"Basically, most people in South Africa would agree these are the main challenges we are facing - too few jobs [and] poor education," says Mr Omar. "Everyone knows South Africa's problems because it is out in the press. We admit it as diplomats. We don't shy away from it."

It is not all bad news, however. South Africa's annual economic growth between 2003 and 2008 averaged 5 per cent. The global downturn in 2009 sent the economy into recession, but conditions improved in 2010. This year, the country expects its economy to expand by about 3.2 per cent.

"Having addressed all these problems and having looked at all positives, the national planning commission said what we really need is a paradigm shift," says Mr Omar. "People said 'look, let's start looking at where we intervene'."

The country intends to boost employment, hoping to spark a chain reaction of growth of at least 7 per cent a year, which should, in turn, raise living standards and improve conditions and opportunities.

But South Africa aims to achieve growth in a different way from Abu Dhabi, whose 2030 vision foresees a successful aerospace sector and other high-tech industries.

South Africa has "high-tech sectors, and we will continue having them, but that's not our strategic advantage", says Mr Omar. "Our comparative advantage is at the mid-scale manufacturing level."

Abu Dhabi is also pushing harder into the manufacturing sector. Both the UAE capital and South Africa are also trying to improve health care, a priority in their 2030 visions.

Abu Dhabi intends to develop world-class facilities. South Africa already has some of the world's top specialists, but the legacy of apartheid left the country's facilities uneven.

"Primary health care at a clinic level was non-existent in black areas," says Mr Omar. "We have had to run that out quite rapidly.

"But what we did have was superb tertiary-level health care, your top heart surgeons and all those kinds of people, in South Africa."

The challenge for South Africa, says Mr Omar, is how it will keep the best doctors while improving primary health care in some areas.

Then there is the capacity of the state, which is key in South Africa's 2030 vision. The country intends to make public service the career of choice, while at the same time the Government of Abu Dhabi is encouraging more UAE nationals to work for private companies instead of the Government.

South Africa intends to make its public sector more alluring by introducing training for state employees to establish stable and long-term career paths.

Mr Omar says it is a coincidence that South Africa and Abu Dhabi have 2030 visions, although there has been some sharing of these plans.

"It wasn't related at all, although I was here around the time when [Abu Dhabi] developed the plan," says Mr Omar, who adds that he advised a former minister of finance in South Africa about the Abu Dhabi initiative.

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If you go
Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.

When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.

How to get there: Emirates currently flies from Dubai to Orlando five times a week.
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UAE currency: the story behind the money in your pockets
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126: The length in metres of the legs supporting the structure

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16 A380 Airbuses: The equivalent weight of the wheel rim.

9,000 tonnes: The amount of steel used to construct the project.

5 tonnes: The weight of each permanent spoke that is holding the wheel rim in place

192: The amount of cable wires used to create the wheel. They measure a distance of 2,4000km in total, the equivalent of the distance between Dubai and Cairo.

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Manchester United 1 (Fernandes pen 2') Tottenham Hotspur 6 (Ndombele 4', Son 7' & 37' Kane (30' & pen 79, Aurier 51')

Man of the match Son Heung-min (Tottenham)

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Will the pound fall to parity with the dollar?

The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.

Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.

New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.

“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.

The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.

The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.

Bloomberg

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Leeds:
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Man City: Sterling (17')

Man of the Match: Rodrigo Moreno (Leeds)

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Rating: 4/5

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Directors: Avinash Arun, Prosit Roy 

Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong

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