How the reconstruction and recovery plan will impact SMEs

  JOHANNESBURG – Acknowledging the devastating impact Covid-19 has had on the global economy, the President has announced the reconstruction and recovery plan for SA, with a focus on inclusive growth. ; Some of the main focus areas are job creation and reindustrialisation of the economy. Examples of where the impact could be felt by SA SMEs includes the following. The government plans to bring forward the rollout of various large infrastructure projects, which typically have a positive knock on effect on SMEs that are suppliers to big projects and…

Read More

Enhancing agricultural development and technology transfer through a revitalised extension system

  By Thulasizwe Mkhabela JOHANNESBURG – Governments have scaled down their direct involvement in agricultural extension. In developed countries, extension services – often dubbed advisory services – have largely been privatised and farmers have to pay to access it. In South Africa, there is a general consensus that the system has declined or at worst collapsed. Researchers have also noticed the declining value that publicly provided agricultural extension services have contributed to the sector and this has manifested itself in the burgeoning literature on farmers’ willingness to pay for extension…

Read More

SA agreement with South East Asian bloc opens up a host of opportunities

    South Africa is in the process of acceding to the Treaty of Amity of the Association of South East Asian Nations (ASEAN), the fifth-largest economy in the world. The potential for future trade, investment and a host of other cooperation agreements is exciting. Few regions in the world offer such promise and potential for the future of South Africa’s international relations as the region comprising the members of the Association of South East Asian Nations (ASEAN). From large consumer markets, dynamic trade and investment opportunities to a successful…

Read More

SA’s business dexterity on full display during Covid-19

  Continuing review of facets of the operating model to meet the new realities of doing things is necessary to assure business agility 01 OCTOBER 2020 – 18:24 SEELAN GOBALSAMY Picture: 123RF/nightunter Bringing together the best innovation, continuous improvement and considerable intellectual capital has always differentiated leaders in the chemical business. This reality has, however, been brought into clearer — and more urgent — focus as a result of the global pandemic. There are many examples of businesses that have been rewarded for their investments in research and development, both in…

Read More

With little to no economic growth in SA, investors need diversified portfolios

 OPINION The inflexibility of the local labour market means we probably have not yet seen the full extent of unemployment 29 SEPTEMBER 2020 – 05:00 ANDREW DUVENAGE Picture: 123RF/MOOV STOCK The reality is that the SA economy is likely to continue to struggle. The country entered the Covid-19 crisis in a precarious fiscal position with an economy that has been in a state of decline for several years. Given the length and severity of the lockdown — one of the harshest globally — it should be no surprise that GDP contracted…

Read More

Brand Trust and the Coronavirus Pandemic Karena Crerar, Edelman Africa Advisory Practice Lead

Brand Trust and the Coronavirus Pandemic Karena Crerar, Edelman Africa Advisory Practice Lead

The rapidly evolving Covid-19 pandemic has not only presented an alarming health crisis, but is also causing significant social and economic implications across the globe. In uncertain environments like this, trust in institutions – businesses, organizations, and governments – becomes even more critical. Strong leadership and decisive action are needed to earn that trust and shape our post-crisis future. We have observed groups of people ignoring critical health guidance, in part because they doubted the veracity of available information or because they relied on disinformation. At the same time, a…

Read More

Beneficiation, manufacturing potential big job creators

JOHANNESBURG – African Quartz executive chairperson Dr Dennis George welcomes President Cyril Ramaphosa’s State of the Nation Address, to speedily and radically increase generation capacity outside of Eskom. The President said a Section 34 Ministerial Determination will be issued shortly to give effect to the Integrated Resource Plan 2019. Section 34 of the Electricity Regulation Act empowers the Minister of Mineral Resources and Energy to allow municipalities to purchase power outside of the national grid. Such a determination will enable the development of additional grid capacity from other sources and…

Read More

STEEL INDUSTRY: THE PROTECTION OF AMSA IS IRRATIONAL – THEN WHY DO IT?

The Steel Industry is in de-industrialisation mode and the price of steel plays a significant role in this regard. Businesses in the steel downstream are downsizing and closing at an unprecedented rate due to them not being competitive, partly as a result of government’s policy of enforcing import duties to protect AMSA. A few days ago, a fire broke out at AMSA’s Vanderbijlpark plant. This is causing a backlog, increasing AMSA’s inability to supply. Strangely, instead of suspending the duties, AMSA even declined an application to allow companies to import…

Read More

LOCALISATION OF MANUFACTURING KEY UPLIFT SA

Viren Gosai is General Manager at ARTsolar – an SA Solar PV manufacturer & engineering procurement and construction organisation. SA Solar PV manufacturer & engineering procurement and construction organisation.As South Africans, we have always been resilient and faced almost insurmountable situations – and we overcame! But today, we face new challenges, and if they remain unresolved they may just result in irreversible consequences – like our declining manufacturing industry! Globally accepted opinion on the resuscitation of an economy is that the internal manufacturing sector is a crucial contributor. Sadly, our…

Read More