Economic Activity

Loan application form

“There’s never been a better time to invest in executive talent,” says Annelize van Rensburg, Director at Signium Africa, the local member of global executive search giant, Signium.

That may seem counterintuitive given current circumstances but there’s sound logic behind it. Below are several reasons why spending on upper management makes perfect sense.

South African investment into the massive infrastructure programme is expected to attract investors to do business in the country. This forms part of government?s aim to create an environment that encourages investment.

Despite losing R60 billion in revenue during the recession South Africa was able to absorb the shock due to a fiscal surplus. Now government is vowing to maintain sustainable debt levels.

South Africa must strengthen the industrial arm of its economy if it is to successfully weather the fallout from the ominous Eurozone crisis, says Trade and Industry Director-General Lionel October.

A well-functioning national payment system is important to an economy and failure of such a system can have devastating effects on an economy, says Reserve Bank Deputy Governor Daniel Mminele.

The unstable and weakening condition of the business environment was reflected in the Business Confidence Index (BCI) which dropped to 94.3 points, the lowest in three years according to the South African Chamber of Commerce and Industry.

Despite the damaging effects caused by economic uncertainty South Africa?s economy is improving and its growth is stable according to Minister of Finance Pravin Gorhan. The minister?s comments come ahead of the G20 meeting which is expected to address the European crisis.



Subscribe to Economic Activity