Tag: economic growth

With the right investments by state finance institutions supported by private investors, SA could achieve more meaningful and scalable impact. In a recent interview I was asked what my view is on economic transformation within the context of empowerment financing or investment in Broad-Based Black Economic Empowerment (B-BBEE) transactions and companies.

The 2019-20 local government general report released by the Auditor General of South Africa (AGSA) on 15 June continues to emphasise the lack of accountability and consequence management in local government which impacts service delivery and municipal finance management.

South African businesses that have already planned their pay increases for 2022 have some tough decisions ahead of them. This is due to rocketing inflation, fuelled by global economic turbulence and local conditions, which is only expected to worsen over the rest of the year.

As leaders meet to discuss the state of the world and the difficult road ahead at the World Economic Forum, a frank and honest discussion about the loss of educational opportunities in developing markets is long overdue.  

The month of May is significant for the African continent because it is during this month that we celebrate Africa Day. Africa Day commemorates the formation of the African Union on May 25, 1963. It is a day when Africans celebrate the continent’s independence, freedom, and liberation from colonialism.

The prolonged Russia-Ukraine war is ushering in a new era of volatility and possible recession for South Africa and the world. When Finance Minister Enoch Godongwana delivered his maiden budget speech in February 2022, little did he know that Russia would invade Ukraine the very next day, immediately changing both the world and South Africa’s economic outlook for 2022 and beyond.

When you drop a rubber ball on the pavement, no one should really be surprised when the ball bounces back toward your hand. No one would ascribe it to your superpowers, your powers of levitation. You might have to lower your hand slightly to catch it, but it will return much of the way.

A growing economy and innovation are providing the insurance industry with new opportunities on the continent. Driven by technology, innovation and economic growth, the insurance industry in Sub-Saharan Africa is evolving, as highlighted by our new report.

When the Broad-Based Black Economic Empowerment (B-BBEE) Act was introduced in 2003, the goal was to meet specific economic transformation goals by creating an environment where more black persons could be part of the ownership, management, procurement, and skills development process to drive socio-economic development.

James Meade, British recipient of the Nobel Prize in economics, reported in 1961 that Mauritius faced a bleak future. The country was reliant on a single crop (sugar), subject to weather and price shocks, threatened by over-population, had no potential alternative job opportunities, was multi-ethnic, had large income inequalities, and had experienced political conflict.