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Good budget necessary but not sufficient to avert a downgrade

20 October 2016 | General

When Standard & Poors gave South Africa a stay of execution in June, they cited three factors that would result in a ratings downgrade in December. First and foremost, their key long-term measure is the country’s growth rate, which would need to show improvement. On this point, growth has picked up somewhat, but not nearly as much as it could have had there been less political uncertainty.

2016 Christmas sales outlook – how will embattled households fare?

20 October 2016 | General

“Pray – for rain and much more!”

South Africa needs to develop a stronger entrepreneurial culture to drive economic activity

18 October 2016 | General

Only 7% of South Africa’s adult population is involved with running their own business. This is low even when compared to other sub-Saharan African countries, where the rate of entrepreneurial activity is nearly four times higher. The World Bank suggests that (formal) small and medium enterprises contribute up to 45% of total employment and a third of national income in emerging economies. With SA’s expanded rate of unemployment fast approaching 40%, creating a supportive environment for entrepreneurial activity could easily fast-track economic growth and tackle SA’s unemployment crisis.

Euler Hermes: South African companies ready for a second wind

13 October 2016 | General

Euler Hermes, the worldwide leader in trade credit insurance presents its latest analysis on the global economy and the related impact on South Africa’s export performance. The global economy is expected to prove its resilience in 2016 registering +2.4% growth, after a year of turbulences. It should pick up moderately to +2.8% in 2017, driven up by the U.S. post-election uncertainty, and emerging markets.

quick poll

Question

If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?

Answer

2026, as promised 2027 looks more likely Impossible to say More consultation needed

View the Results