Six professional bodies have embarked on a ground-breaking initiative to pool their resources and institutional knowledge to foster a culture of accountability and restore credibility to the country’s private and public sectors.
It has happened! For months we, as a nation, have been struggling and fighting not to be downgraded to junk status, but on Monday, 3 April 2017, following the cabinet reshuffle, it was announced that South Africa’s sovereign credit rating was cut. However, what does that mean?
If the constitutionality of the Subdivision of Agricultural Land Act (Act 70 of 1970) was challenged in the Constitutional Court it would likely lead to the repeal of the subdivision restriction on farmland. This would make small farms much more affordable in South Africa.
The 4th Industrial Revolution (4IR) has become a buzz word in many forums discussing global economic trends. The revolution is presented as the next inevitable event that will sweep the entire world.
Legally we have entered unchartered waters that government, perhaps understandably, appears unable to navigate. Practically, the coronavirus regulations cannot be adhered to in a society composed like South Africa’s. In whichever way one approaches the issue, the coronavirus regulations should in large part be set aside and replaced by less restrictive measures to control the pandemic.
By 2025, millennials will make up 75% of the global workforce and their growing influence on business is rapidly redefining our notion of success. Unlike baby boomers, whose aspirations centred around working their way up the corporate ladder, millennials gravitate towards entrepreneurship and the flexibility, innovation, creativity and purpose associated with start-up businesses.
The Black Friday sales frenzy can trigger our deepest emotional and cognitive responses and can lead us down a path of unnecessary spending. However, consumers can use insights from behavioural economics to empower them to make decisions that align with their individual financial goals.
Political uncertainty through transitions and instability are among the key risks for businesses in Southern Africa in 2018. 2018 will see continued uncertainty around political leadership in our Southern African markets. The transitions in Zimbabwe and Angola in 2017, elections in Mozambique in 2018, and factionalism within South Africa’s ruling African National Congress (ANC) once again remind businesses in the region of the importance of gaining a clear understanding of the impact of such uncertainty on their risk environment.
In their 2014 Harvard Business Review article titled 'What VUCA Really Means for you', Nathan Bennett and James Lemoine warned us not to use the VUCA acronym as a crutch. Sadly, looking at the South African context today, this has indeed become a reality. It is important to understand that just because we can’t prepare for a Volatile, Uncertain, Complex and Ambiguous world, does not mean we cannot lead our businesses through it.