Tag: buying power

We live in a time of great change, fuelled by rapid growth and unprecedented access to technology. Even Artificial Intelligence (AI), which seemed like science fiction just a couple decades ago, is now accessible in the palm of your hand through applications like ChatGPT for content creation, or Midjourney for image generation.

More South African businesses than ever before are looking to globalise as they seek to take advantage of our country’s competitive currency, optimal time zone and low cost environment. In fact, South Africa's Business Process Outsourcing (BPO) sector experienced an average compound annual growth rate of around 25% between 2015 and 2021, according to a recent report published by Business Process Enabling South Africa (BPESA).

Stokvels are on the move: moving from villages to cities, from beneath mattresses into savings accounts and investment instruments. As they move and evolve, their potential for growth and their ability to create wealth increases.

Business travel is back with a bang – at least in South Africa – with business travel numbers exceeding 2019 levels. This according to a recent whitepaper, SME Travel Trends for 2023, that indicates that demand has returned a lot quicker and more aggressively than initially anticipated.