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South Africa’s growth forecast for 2019 is set at a deeply concerning 1,3% according to the World Bank projections, putting it among the worst performers in sub-Saharan Africa. At 1.3%, SA’s projected real economic expansion comes in at under a third of the estimated 4.2% growth rate of other emerging markets and is also well below the projected sub-Saharan average of 3.7%.
It is often said that small businesses are the backbone of the South African economy. It should follow, then, that if the economy is to be safeguarded against the unexpected, it is necessary for individual small business owners to take risk mitigation steps to protect their livelihood and those of their employees.
Do you think short-term insurance broking will survive the AI plus humanoid robotics age?