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Comments and snippets following President Jacob Zuma’s State Of The Nation Address

12 February 2016

Key executives from Grant Thornton South Africa, provide commentary and snippets following President Jacob Zuma’s State of the Nation Address this evening, Thursday 11 February 2016:

SONA likely to be a damp squib for investors

11 February 2016

In the past, President Jacob Zuma’s State of the Nation speech has never been a market-moving event, but when he steps up to the podium tonight, he will be facing a crisis of confidence that needs to be addressed. That makes this one of the most anticipated SONA addresses from the President, as many investors will look to the speech to gauge the political and economic future of the country, and whether a credit rating downgrade can be averted.

Deflated SME confidence levels result of economic uncertainty

10 February 2016

In the current economic landscape, South African businesses find themselves fighting to overcome one headwind after the next. This constantly changing environment is negatively impacting small and medium enterprises (SMEs) and business owners’ growth projections for 2016. As a result SMEs’ confidence levels about economic and business growth declined significantly in the last quarter.

Almost no growth in SA economy this year

10 February 2016

Economic transactions were up a mere 0.1% last month compared to January 2015 according to the BankservAfrica Economic Transaction Index (BETI), while quarter-on-quarter and month-on-month measurements are both down.

quick poll

Question

Do you think short-term insurance broking will survive the AI plus humanoid robotics age?

Answer

Human first always Not a chance Possibly maybe Yes, but reimagined

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