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The world as we know it continues to change exponentially, and at pace. Macro-economic headwinds, rising inflation, supply chain disruption and changing consumer behaviour have come together to create a perfect storm for businesses across all industries.
Consumers have been under constant financial pressure with the interest rate hikes, fuel price increases and rising food prices. The South African government has made a few changes to the budget to try and ease some of these pressures. Bernard Jarvis, Financing Manager at iMasFinance Belville, unpacks some of these changes that will help consumers cope with the current economic pressures:
The world as we know it continues to change exponentially, and at pace. Macro-economic headwinds, rising inflation, supply chain disruption and changing consumer behaviour have come together to create a perfect storm for businesses across all industries. For insurers, it has meant a shift from providing products and services to delivering exceptional customer experience.
Climate risk is our reality, and we need to understand that our actions today will shape the future of business and society.
What do you believe will be the biggest challenge when the COFI framework is finally implemented?