Entrepreneurism in a tightening economy
23 May 2016
With recent predictions that South Africa’s economic growth is set to slow even further this year, business opportunities and consumer spending will continue to be strained, especially in light of last week’s Monetary Policy Committee stating an unchanged interest rate, but alluding to potential rate hikes later this year. Kobus Engelbrecht, spokesperson for the Entrepreneur of the Year® competition sponsored by Sanlam and Business Partners, says that entrepreneurs therefore need to change their outlook when managing their business, analysing the economic landscape and identifying opportunities in their industries.