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. 

 


 
 
 
 

_________________________________________________
_________________________________________________

Translater


 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Strenghtening Maritime Cooperation for a Peaceful, Stable and Prosperous Indian Ocean 9 March 2017 President Jacob Zuma has returned to Pretoria after a successful State Visit to Indonesia, which... <|> Pygmy Intervention Project 13 March 2017 The Pygmy community of the Central African Republic became a focal point at a gala dinner recently held in Pretoria at Burgers Park hotel. The gala dinner... <|> France and South Africa cooperation Visit of French Secretary of State for Transport, Oceans and Fisheries: Minister Alain Vidalies 7 – 10 March 2017 During his visit in South Africa between 7... <|> 6th African Film Week in Athens 13 March 2017 The 6th African Film Week taking place in Greece, brings to the big screen charming images from the African Continent: Urban legends, exoticism from... <|> 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... <|> Early warning centre for South Africa and Nigeria 14 March 2017 South Africa and Nigeria have agreed to establish an early warning centre to help mitigate and monitor possible threats and violence... <|> Abron Band from Iran share peace with music at Tsarogaphoka Primary School by Kgomotso Kgoale 14 March 2017 Kgwebong Consulting, an Organisation Development company that is dedicated to the... <|> Arctic Council at 20: Making a Difference Regionally By Srimal Fernando, Global Editor, The Diplomatic Society  We all know the temperatures are rising in the Arctic twice as fast as the... <|> Marrying of two iconic World Heritage Sites: South Africa’s Robben Island and Mauritius’ Le Morne Cultural Landscape 20 March 2017 Robben Island World Heritage Site (RIWHS) and Le Morne... <|> Freedom Park pays tribute to Sweden 21 March 2017 Human Rights Day is a significant day to South Africans for remembering not only the 69 people, who were killed during the Sharpeville Massacre,... <|>
© copyright 2011-2017| The Diplomatic Society| All Rights Reserved.