Tag: competitiveness

In South Africa, we sit with a paradox that should concern every business leader. On one hand, unemployment remains stubbornly high, particularly among young people. On the other hand, organisations are grappling with a deepening skills crisis.

Almost 80% of multinational and large corporations in South Africa experience ongoing difficulty recruiting critically skilled individuals. This highlights the severity of the talent shortage and its impact on business development. The situation underscores the persistent critical skills shortages affecting multiple sectors.

Manufacturing and distribution are among the most data-intensive industries in the world. Data is collected at every stage of the life cycle, from raw material procurement to production, inventory management and delivery. It is no surprise that digital transformation has become essential for manufacturers and distributors.

South Africa can take many lessons from the UAE and Saudi Arabia and how they have fortified themselves against the impact of US trade tariffs. In an era marked by shifting global trade dynamics, Middle Eastern countries have showcased impressive foresight and agility.

The Artificial Intelligence (AI) skills revolution is no longer a future concept or speculative technology. Generative AI is here now. It is rapidly reshaping industries and rewriting the rules of competitiveness. In South Africa, generative AI holds immense potential. It can drive inclusive economic growth, boost productivity and spark entrepreneurial innovation.

South African import and export businesses operate in a challenging environment. This is due to potentially significant tariffs imposed by US President Donald Trump. To help navigate these complex trade policies, we offer practical advice for local businesses. These insights will become vital if the tariffs take full effect.

South Africa stands at a pivotal moment. The transformative power of Artificial Intelligence (AI) now intersects with the urgent need for economic revitalisation. While AI holds immense promise, particularly for the Small and Medium Enterprise (SME) sector, realising this potential requires a strategic and united effort.

At the recent DEVAC Infrastructure Summit, a powerful theme emerged: Africa cannot trade, grow or connect at scale without fixing its transport infrastructure. Outdated rail networks, congested ports and deteriorating roads have left the continent’s logistics backbone under immense strain. However, within that strain lies an opportunity.

Are we there yet? E-visas could boost SA’s tourism competitiveness, but we are not yet geared for arrivals. Properly rolled-out digital visas will boost inbound travel. They will also dismantle long-standing entry hurdles. For anyone returning to South Africa after time abroad, there’s an unmistakable sense of homecoming – the warmth of a genuine South African welcome, coupled with the relief of the end of a long-haul flight.

Everyone understands that, in order for a retailer to be competitive, it must invest in the best technology to remove friction for customers and employees. Retailers must also provide the agility and capability to take advantage of big events such as Black Friday, improve operational efficiencies, and build long-term customer loyalty. However, many retailers have discovered that a technology solution decision is far more complex than it would seem. Therefore, instead of simply adopting new technologies, they should be investing in self-enablement.