The Diplomatic Society

 
  • Increase font size
  • Default font size
  • Decrease font size

South Africa is not financially bankrupt

Chris Hart, Chief Economist at Investment Solutions

 Chris Hart, Chief Economist at Investment Solutions

“South Africa is not financially bankrupt,” said Chris Hart, Chief Economist at Investment Solutions, a South African investment company with R250 billion under its management.
He was speaking at a networking session for the development of an export index hosted by Brand South Africa and Business Sweden.

He explained that the macroeconomic instability presents opportunities and risks emphasising that South Africa is a stable country at peace, with a participative democracy, good institutions and headed towards holding its fifth democratic elections and celebrating 20 years of democracy and freedom. He pointed to the resilience with which South Africa has coped with the global financial fallout and the diversification and multi sectorial growth which offers some protection from volatile markets.

There are solutions to all of South Africa’s economic woes explained Hart, saying that employees and employers will realise that they have a common goal. Managing the expectations of the ‘apartheid scar’ was key to the solution as it affects South Africans and does not mean much to anyone else.  He said that poverty, inequality and unemployment will diminish if focus is placed on poverty reduction which targets income and costs. Rewarding business success and savings is fundamental to attraction for investment, he went on to say.

Mauro Gozzo, Chief Economist at Business Sweden

Mauro Gozzo, Chief Economist at Business Sweden

Economics is the study of human behaviour,  said Mauro Gozzo, Chief Economist at Business Sweden,  pointing out that investment is made in people. His presentation described how Sweden established its Export Managers Index and pointed out that South Africa was more focussed on investment while Sweden’s focus was primarily export development. He also gave recognition to South Africa’s economic development saying that there is great potential yet to be realised.

Petrus de Kock , Research Manager at Brand South Africa

Petrus de Kock , Research Manager at Brand South Africa

Petrus de Kock , Research Manager at Brand South Africa made reference to the inaugural Competitive Forum that was held last November saying that it had raised several factors that influence the country’s performance.

Olov Hemstrom, Swedish Trade Commissioner

Olov Hemstrom, Swedish Trade Commissioner

Moderating the discussions was Swedish Trade Commissioner, Olov Hemstrom. He described Sweden’s highly successful economy referring to the four main sectors including Mechanical Engineering, Automotive, ICT and pharmaceuticals. 

 


 
 
 
 
 
 
 
 
_________________________________________________

May 2017 Edition

_________________________________________________

Translater


 
 
 
 
 
 
 
 

Science, Technology and Environment Cooperation between South Africa and Argentina 6 April 2017 The Scientific and Technological Cooperation between South Africa and Argentina was further enhanced... <|> High Court on Dagga 6 April 2017 The Hemp, Dagga, Weed, Herb, Marijuana and a plant by any other name, Industrialisation report back presentation was full of positive excitement. Medicines,... <|> Transforming ballet in South Africa 10 April 2017 Transformation in ballet has a long way to go. In order to make the most of talent that is available in South Africa, talented dancers from all... <|> Commemorating 20 years of Signing the Red Fort Declaration and bidding farewell 10 April 2017 20 Years ago late President Nelson Mandela of South Africa and Mr HD Deve Gowda, former Prime Minister... <|> Easing travel regulations between South Africa and Kenya 3 May 2016 South Africa and Kenya have announced measures that will make travelling between the two countries easier. South African Home... <|> Transnet launches first ever train 4 April 2017 Transnet has officially launched it’s the first ever train which it designed, engineered and manufactured. The locomotive, which will serve the... <|> Deputy Minister Landers concludes successful working visit to Central America 7 April 2017 International Relations and Cooperation Deputy Minister Luwellyn Landers has concluded his Working Visit... <|> Sri Lanka and South Africa pursue enhanced cooperation 18 April 2017 The Sixth Session of the Senior Officials’ Meeting of the Partnership Forum between Sri Lanka and South Africa was held in... <|> UN Designates Malala Yousafzai as Messenger of Peace 11 April 2017 United Nations Secretary-General António Guterres designated Malala Yousafzai, global advocate for girls’ education and the... <|> South Africa and Qatar explore investment opportunities 12 April 2017 Pretoria - The President of the Black Business Council, Dr Danisa Baloyi, says South Africa should take advantage of the... <|>
© copyright 2011-2017| The Diplomatic Society| All Rights Reserved.