Tag: SouthAfricaBusiness

After much anticipation, the Trusted Employer Scheme has reopened for corporate employers that wish to express their interest in being included in Phase II of the scheme. The Trusted Employer Scheme is an initiative that President Cyril Ramaphosa first announced during the South Africa Investment Conference in April 2023. The government introduced the scheme as part of a broader overhaul of South Africa’s work visa system.

The role of the nine-to-five is changing, and South Africa’s financial reality reflects this shift. According to the South African Reserve Bank, household debt levels remain high at around three-quarters of disposable income. Meanwhile, savings rates remain persistently low. This leaves many households with little room to absorb shocks, build long-term security and provide for retirement.

South African regulators introduced a more structured approach to climate-related disclosure for insurers. Since then, expectations have tightened to mirror approaches in other markets. Regulators now treat these risks as having direct financial consequences for the sector.

South Africa’s Small and Medium Enterprises (SMEs) face increasing pressure to grow cautiously. Economic volatility, rising operating costs and stubbornly high unemployment continue to reshape hiring decisions across the small business sector.

We have acknowledged the recent implementation of anti-dumping tariff measures on selected steel imports. The International Trade Administration Commission of South Africa (ITAC) published these measures on 20 March 2026. While we support the intention behind these measures, the organisation has also raised concerns about unintended consequences emerging within the market.

Highlighting Commitment that Transcends Mere Compliance – An Enduring Dedication to Meaningful Economic Transformation in South Africa. Samsung has reaffirmed its commitment to South Africa’s transformation agenda. It has maintained its Level 1 B-BBEE (Broad-Based Black Economic Empowerment) rating for the eighth consecutive year. This achievement reflects a consistently high standard of transformation performance.

South African organisations are moving quickly from Artificial Intelligence (AI) experimentation to deployment. The latest South African Generative AI Roadmap 2025 highlights this shift. It found that 67% of respondents reported current GenAI adoption. This figure is up from 45% in 2024. Therefore, organisations are moving from planning to active use.

This year has been marked by significant geopolitical instability. As the conflict in the Middle East continues, South African importers face pressure from three sides. Fuel costs are rising. Supply chains are disrupted. In addition, the Rand, already one of the world’s most volatile emerging market currencies, now carries a war premium on every international transaction.

I speak to business owners every week. Many have been using Artificial Intelligence (AI) for marketing for months. However, they still cannot explain what it has done for their revenue. These businesses have content going out. They run ads. They stack subscriptions. Yet no system connects any of it. As a result, the AI stays busy. The business does not grow.

In South Africa’s evolving corporate landscape, the role of the Non-Executive Director is undergoing a quiet but significant transformation. Increasingly, the expanding role of the Non-Executive Director reflects this shift. Previously, organisations primarily tasked Non-Executive Directors with oversight and compliance. Today, however, they expect Non-Executive Directors to contribute meaningfully to strategy, risk navigation and long-term value creation.