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BankservAfrica Index reveals an unstable economy

13 August 2014 | General

Massive uncertainty is causing the South African economy to oscillate between decline, stagnation and slow growth; making any chance of significant job creation unlikely. This was revealed by the latest BankservAfrica Economic Transaction Index (BETI).

SA is for the daring and the brave

13 August 2014 | General

Glacier by Sanlam and TIME recently held the fifth of their successful thought-leadership forums, [THE INSIDERS], at the Hilton Hotel in Durban. The panel - comprised of Sasfin director and deputy chairman David Shapiro, J&J Group co-founder and executive chairman Jayendra Naidoo, and Alec Hogg, founder and publisher of BizNews.com - debated and discussed key issues around the state of the nation, as well as the economic and political issues currently impacting the country. Despite the challenges facing us, the panel was unanimously upbeat about South Africa’s future.

Economy: A range of contrasting indicators

11 August 2014 | General

Currently there are a range of contrasting indicators regarding the health or otherwise of consumers and businesses alike. Official liquidation statistics reveal a 21% decline in the first half of 2014 compared to the first half of 2013, with personal sequestrations down 3.3% over the same period. National Credit Regulator statistics reveal that while the credit standing of good consumers rose to 55.8% in the first quarter of 2014 from 51.9% the previous quarter, that of the remaining 44.2% regarded as impaired, a sharp deterioration of 3+ months in arrears was seen (to 32.4% from 20.1%). Year-to-date May debt judgments against businesses were 20.4% lower at R431.5 million.

South Africa needs to industrialise to reach NDP targets

31 July 2014 | General

Without adequate policy frameworks and planning aimed at adapting the South African economy from ‘consumption based’ to ‘industrialised’, the country will continue on this path of slower growth – rather than improving inclusive economic growth towards the targets laid out in the National Development Plan (NDP) for 2030.

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