Tag: economic resilience

In an increasingly uncertain global and domestic landscape, the banking sector delivers steady performance while demonstrating resilience and strategic clarity. Through disciplined management, digital transformation and customer-focused innovation, the country’s leading banks continue to maintain stability despite economic headwinds.

The Global Entrepreneurship Monitor (GEM) found that South Africa has one of the highest business start-up failure rates in the world. In the GEM National Entrepreneurship Context Index (the NECI Index), South Africa ranks 49th out of 54 countries, ahead of only Croatia, Guatemala, Paraguay, Puerto Rico, and Iran. Often, people think that the number one thing an entrepreneur needs is a winning idea.

Many people re-discovered their enthusiasm for local production during the disruptive, bewildering early days of the pandemic. The result is 'localisation', an emerging global trend that could revitalise local factories. If we respond quickly and wisely, there are three obvious benefits: economic resilience, more balanced trade, and greater fixed investment.