This was a discussion posed at a Wits Business School (WBS) seminar that I attended recently. The importance of the Gateway methodology is that South Africa requires regional market penetration to grow its economy through the trade of goods and services.
Whilst Africa’s boom of a decade ago, when it was hailed as the new frontier, may be struggling to hold its place in the spotlight due to global conditions and their effect on emerging economies – Africa is still coming off of a low base economically and has huge potential.
This potential can be seen to be constrained by energy supply issues or the lack of energy in itself can be seen as BIG BUSINESS – either way, Africa needs an Energy plan for more consistent supply at better rates.
Sure an economies cycle of growth and decline is never over but most people I know are pessimistic (at best) about the future of our economy and being in a sector that looks for growing businesses I found myself asking – where is the light?
A recent research report by McKinsey Global Institute, South Africa’s Big Five: Bold Priorities for Inclusive Growth provides a view into the enormous opportunity within the South African economy.