In a ruptured world, the currency that’s going to matter is trust

Goolam Ballim

Goolam Ballim, the chief economist at Standard Bank Group, makes a presentation at the Africa Unlocked Conference in Cape Town, South Africa on July 10, 2026.

Photo credit: Pool

We're living today in a world where America has thrown its arms around industrial policy, and Europe is throwing its arms around a refreshed defence policy.

China wants self-sufficiency in technology. But not just technology, in a variety of other areas, including energy. India thinks it can be the next alternative to China production. And perhaps there's a place for Africa in this approach.