Tag: economic outlook
Telecoms in 2024 – Smoke (signals) & mirrors vs real 5G...
From smoke signals and homing pigeons, long-distance communications have come a long way – today telecom platforms and solutions have transformed how organisations and individuals share voice, data, video and information. The world has moved beyond the physical and into the digital with solutions that allow for clear, always-on, and accessible communications.
Considerations for pre- & post-retirement investors
The global economic backdrop continues to improve gradually but great amounts of uncertainty remain. While most of the major central banks are now likely at the peak of their rate hiking cycles, inflation remains sticky and sustained high levels of interest rates are having a dampening impact on economic growth.
Budget 2024 – navigating uncertainty in challenging times
Minister of Finance Enoch Godongwana will deliver the 2024 Budget Review to Parliament next week as the South African economy faces a gloomy economic outlook. The economy is still recovering from the impact of COVID-19 and state capture.
Reporting non-financial data – the future of measuring socio-economic progress
We are pleased to share our fifth South Africa Economic Outlook report for 2023. This edition focuses on the need for companies to report non-financial data in order to help measure socio-economic progress better than is currently being done by the calculation of gross domestic product (GDP).
Tech innovation drives insurance trends as another challenging year looms for...
The buzzwords for the past two years have been future-forward with all-encompassing terms like 'digital transformation', 'Artificial Intelligence (AI)' and 'blockchain', but 2023 brings with it a sobering reality.
The 2023 Budget – short terms gains not enough
On Wednesday afternoon, the Minister of Finance, Enoch Godongwana, had the unenviable task of delivering the annual Budget Speech. Over the last year, and especially over the last few months, South Africa has taken one knock after another.
A first half to forget
June was a brutal month for global equities, capping the worst first half of a year since the launch of the MSCI All Country World Index in 1987. For indices with longer track records, the story is worse. In the case of the US S&P500, the first half performance has not been this bad since 1962.
Retirement investments are losing value due to bad behaviour
Rising costs of living and high levels of unemployment in an unpredictable economic landscape have turned traditional financial aspirations on their head as people desperately scramble to overcome short-term challenges at the cost of long-term investments.
Soaring inflation leaves SA employers with tough choices
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.
The effects of the war on South African and global economies
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.
