Tag: economic growth
BOOK REVIEW | Never Give Up on Success
Never Give Up on Success is the go-to resource for anyone wanting to change their life. We are all the products of our physical environment. Who we are and what we stand for is largely a result of our environment. Human beings are a composition of our genes, social upbringing, culture, traditions, beliefs and values of our society.
Skills development initiatives for SED
In South Africa, businesses are required to contribute to the social and economic development (SED) by the Broad-Based Black Economic Empowerment (B-BBEE) Act of 2003. This legislation stipulates the assessment of SED performance through a scorecard covering enterprise development, skills training, job creation, socio-economic projects, and preferential procurement.
Shifting to a cashless society – empowering South Africa’s hidden economy
In the heart of South Africa's vibrant township economy, valued at an estimated R750 billion, a transformative shift is taking place. Small to medium-sized businesses are flourishing as the adoption of cashless transactions grows. Despite the widespread availability of banking services, with eight out of ten South African adults having a bank account, cash remains the dominant form of payment.
Agricultural insurance – mitigating climate change impact on seasonal crop production
The agriculture sector is vital for economic growth. It contributes 3% to GDP, supports 941,000 jobs, and generated US$13.2 billion in export revenue in 2023 – South Africa produces 10% of the global citrus production. But climate-induced changing weather patterns threaten the outlook for certain crop yields in 2024.
Collaboration is key to unlocking fintech’s potential to deliver financial inclusion
The rise of financial technology (fintech) in Africa is not just a story of innovation; it's a narrative about empowerment and transformation. As the continent continues to grapple with the challenges of limited access to traditional banking services, fintech has emerged as a beacon of hope, offering a path towards financial inclusion and economic growth.
Essential property terms for investment and buying
Whether you’re stepping into the property market for the first time or you're an experienced investor, the real estate market can feel overwhelming with ever-changing trends and a maze of industry jargon. To help you make informed decisions, it's essential to understand these key terms. I break down some of the most important property terminology, helping you navigate your real estate journey with confidence.
Driving economic growth in South Africa through strategic capital allocation and...
The formation of South Africa’s new Government of National Unity (GNU) bodes well for the consolidation of state reform and pro-growth initiatives, including better performing parastatals, such as Eskom and Transnet. Given that economic growth is essential to spur social development, I believe now is the time to act.
Closing the gap – a call for employer collaboration in building...
The Quality Council for Trades and Occupations (QCTO) presents a promising foundation for building a skilled workforce in South Africa. However, a vital question remains: how can employers ensure a steady pipeline of talent with the necessary skills, and what responsibility do they hold in achieving this?
The role of funding in challenging the status quo
In today's dynamic business environment, entrepreneurs are at the forefront of reshaping industries. They challenge conventional norms, redefine traditional practices and drive forward innovation. Yet, to turn their groundbreaking ideas into reality, entrepreneurs often need financial support. This is where funding becomes pivotal, enabling businesses to scale their operations and make their mark on the world.
Statistics prove infrastructure’s outsized returns for people & economies
Infrastructure has been named a top priority for South Africa over the next few years as we seek to bounce back from global economic shocks such as the pandemic and war in Ukraine and refocus attention on promoting socio-economic development.