On the theme of localising and industrialising the South African economy, I’ve been working with the Franchise Association of South Africa (FASA) to enlighten Franchisors on the potential of utilising the various policies and focus points of government - including the BBBEE codes and the National Development Plan (NDP) - to strategically impact their supply chains and de-risk their businesses.
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.
Let’s not beat around the bush- Key decisions made by the finance Minister Pravin Gordhan in the 2016 Budget speech will impact your business growth and survival in this tough economic climate. The Minister had his job cut out for him as he made tough decisions to ensure that companies can reach their projected turnover goals for the next financial year resulting in the growth of our economy.
If you want to expand and increase your turnover in the next financial year here are the developmental funding opportunities identified from the budget speech 2016 per industry:
26 years ago to the day our former President Nelson Mandela stepped out of prison. Today, 11 February 2016, our current President Jacob Zuma took to the podium for the SONA 2016.
The SONA addresses many issues from economics to social matters like education and welfare. My article is purely focussed on business and the key points I got for the SONA.
I attended the “Davos Deconstructed” seminar at Wits Business School on 1st February 2016.
I must admit, I have been following the 4th Industrial Revolution discussion since the World Economic Forum and I have been fascinated.
We’re in for a total change in the way business, society and technology works and interacts and I am not sure how many people are actually aware of what’s happening, or even that something is happening.
>>Click Here<< to view a video that sums up the 4th Industrial Revolution
What does IR4.0 mean for the world?
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.