The SADC offers potential for growth across various sectors by leveraging South Africa’s strengths in agriculture, energy, manufacturing and digital services
The economic landscape will require out-the-box thinking for
corporate South Africa to stay afloat
Education must be aligned with job market needs, home-based entrepreneurship and small businesses need support and a diverse economy encouraged.
For this strategy to succeed, enabling policies and support systems must be established to help entrepreneurs overcome the significant barriers they face
Urgent relief is needed to stop the spread of financial ruin to bigger firms and avoid economic sector turmoil
The country can grow its commercial services offerings, particularly business, financial, intellectual property, telecommunication, computer and information services, and insurance and pension services
Public, private partnerships and adopting advanced technology will help in this regard
The country must explore various possibilities in order to remain a net exporter
An increase in foreign direct investment could be the way to unlock economic opportunity
While government praises entrepreneurs, it could do far more to help them grow. Now is the perfect time for beneficial policy changes