Tag: township economy
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.
Harnessing cultural diversity in business communication
In a country as diverse as South Africa, with its rich tapestry of languages and cultures, the importance of speaking to audiences in their own language cannot be overstated. Cultural diversity is not just a buzzword; it's a driving force for economic growth, social cohesion, and sustainable development.
Despite the 2024 challenges, SMEs can achieve success & growth
Small and medium enterprises (SMEs) in South Africa continue to face a business landscape that is simultaneously full of challenges and brimming with opportunities. A still-struggling economy, rising costs, high unemployment figures and an uncertain political future have created a business backdrop against which only the most resilient and innovative businesses will thrive.
Entrepreneurs pertinent to the growth of the MICE industry
Much like entrepreneurs, exhibitions are economic enablers. There is no doubt that entrepreneurship, collectively, is an essential driver of societal health, wealth creation, and a formidable engine of economic growth.