Enterprise Africa - September 2017
In September sees President Zuma head out to China to lead South Africa’s delegation at the 9th BRICS Summit in Xiamen City. The President will hope to build on the already strong ties that South Africa has developed with Brazil, Russia, India and China.
The theme of ‘stronger partnership for a brighter future’ will see delegates from each country discuss how to strengthen relationships with each other, in the hunt for economic development.
But how will Zuma and his team project an image of confidence when the economy is in such a weak position? While so many businesses are struggling and beginning to feel the pinch, how can Zuma encourage investment? Interestingly, there are many companies that are thriving right now, despite the doom and gloom predicted as a result of the slow economy.
Our lead feature, from G4S Deposita, talks of 25% year-on-year
growth; we hear from mining engineering experts Bafotech who
talk of a very strong 12 months; we talk to Van Schaik Bookstore
who are investing heavily in new technology and diversification.
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So, while the numbers in the economy make for grim reading, it’s not all bad, and Zuma will be given confidence that SA businesses remain resolute and attractive.
But with the ongoing talk of corruption, questionable decisions regarding government positions, ineffective business management, and the head of Business Leadership South Africa calling for your head, things might be about to get more difficult for President Zuma. Hopefully, he’ll be able to persuade some of his BRICS partners to look to SA before any further tremors in the economy.
Get in touch and let us know if you’re ready for international expansion, or if you could do with some foreign investment to solidify your position. We’re online: @EnterpriseAfri1