South Africa’s FDI profile positions the country as a highly attractive investment destination

The South African Nation Brand continues to be the largest recipient of FDI on the African continent, and is the largest source of intra-regional investment – this is in addition to having recently made a comeback in the top 25 most attractive global investment destinations. This is according to findings from the EY Attractiveness Programme Africa 2017, the AT Kearney Foreign Direct Investment Confidence Index, as well as the Brand South Africa’s Investor Perceptions Research.

First National Bank (FNB) has been awarded the accolade of Best Retail Bank in Southern Africa at the recent annual Banker Africa - Southern Africa Awards 2017. According to Banker Africa, the Banker Africa Awards recognise financial institutions that offer best-in-class services that meet the needs and exceed the expectations of customers. The institution says the Awards promote excellence and competition among entities that set new standards in quality of service, best practice and financial performance. The winners were selected by registered readers of CPI Financial products and services, mainly peers in the financial services industry.

Few people realise that the largest source of business funding in South Africa is provided by private companies themselves. Businesses extend credit to their customers and obtain credit from their suppliers, usually in the form of short-term funding which lasts for 30 to 60 days per transaction. This form of funding helps businesses both large and small to effectively manage their cash flow and diminishes the need for bank or state institution funding. Known as “trade credit”, many of these transactions are secured using trade credit insurance companies and the funding system operates as an efficient mechanism that facilitates enormous trade volumes in our country.

Three in every 10 believe that their families will be better off in a year’s time.

Three in every ten adult South Africans believe things will take a turn for the better in the next year, while just over half believe that things will be about the same and a further two in every ten think that their families will be worse off in a year’s time.

South Africans appear disheartened by the country’s political leadership, according to the latest eNCA / Ipsos Approval Ratings poll.

The poll canvassed 3,416 adult South Africans between 25 October  and 28 November 2016*.

The respondents were asked to rate President Jacob Zuma, Deputy President Cyril Ramaphosa, Finance Minister Pravin Gordhan, DA leader Mmusi Maimane, EFF leader Julius Malema and Former African Union chair Nkosazana Dlamini-Zuma on a scale of 0 to 10 (where 0 means totally for and 10 totally against).

Big recognition for small business at the 2016 South African Small Business Awards


The accomplishments of the small business community in South Africa was in the spotlight as winners of the 2016 South African Small Business Awards were announced on 10 November at Montecasino in Fourways, Johannesburg.

BUSINESS MANAGEMENT

Arnold Strauss

Arnold is an independent business consultant that has been in business, in the corporate environment and privately for the last 30 years. Apart from being a qualified accountant, Arnold also holds several business degrees.