Tag: business growth

With its burgeoning technology landscape, Africa stands poised at a confluence of innovation and partnership characterised by rapid digital transformation and a desire for sustainable growth – setting the stage for a vibrant channel ecosystem.

The world’s population is predicted to grow to more than 9 billion by 2050 and the Food and Agriculture Organization (FAO) estimates that we will need to produce 60% more food to feed everyone, a huge increase that will undoubtedly take its toll on the planet.

While COVID-19 put the brakes on the economy, the post-pandemic recovery has almost been stymied by the ongoing Russian war on Ukraine and the impending fears of a US recession, contributing negatively to economies around the world. Through the most challenging hurdles, however, the franchise sector in South Africa has remained steadfast in its goals to grow the economy and create jobs.

With the workplace constantly changing, and with almost every facet of industry and business having experienced rapid shifts in the last three years, the need for specific skillsets has changed accordingly. Soft skills are on the rise as a contributing factor for success in today’s post-pandemic world, because they lubricate change, amplify agility and strengthen resilience.

Statistics South Africa has announced that South Africa’s unemployment rate rose to a record high 35.3% in the last quarter of year 2021. This was an increase of 0.4 percentage points from the previous quarterly unemployment rate. The expanded definition of unemployment rate is at 46.2%.

In today’s age of collaboration, finding like-minded businesses to create alliances with can be one of your most valuable tools in helping your company grow. Done right, a strategic partnership can have a tremendous impact on a start-up’s success, from increasing sales and reaching new markets to driving efficiency in operations.  

The lack of access to finance is one of the main reasons small and medium enterprises (SMEs) fail worldwide. While start-up capital is crucial, access to funding in running a business is critical too. In the best of times, access to finance is vital to scale and take advantage of opportunities.

Organisations looking for growth in 2020 and beyond should question long-standing beliefs about business growth in favour of fresh new beliefs and behaviours. This is the outcome of the most comprehensive global study ever done, spanning 73 countries, interviews with 500 senior executives, 1,500 online survey contributions, and artificial intelligence analysis of over 3,500 pieces of literature