Despite the significant shocks to the global economy in the form of Covid-19 lockdowns, supply chain disruptions and geopolitical events in Europe, SA’s international trade performance has been robust, says Justin Milo, head of trade for SA at Standard Bank.
These shocks have filtered into the South African economy and been complemented by additional shocks, most notably domestic electricity supply constraints. Nonetheless SA’s exports expanded by 11% in 2022 year on year, according to statistics published by the South African Revenue Services. A Citi reports says businesses are now focusing on inventory management strategy, diverse and longer term partnerships with producers and a deeper investment in digital tools. While physical supply chain disruptions have eased, the Citi report says this has given way to a new challenge: high inflation and rising interest rates which is putting pressure on physical supply chains and exacerbating concern for the health of supply chain finance.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
South Africa Finance Minister Presents Budget of Tough Trade-OffsFinance Minister Enoch Godongwana has delivered his 2023 Budget speech, saying: "This is not an austerity Budget. It is a Budget that makes tough trade-offs in the interests of the country's short- and long-term prosperity." The speech was delivered to parliament on February 22, against a backdrop of world economic decline, the effects of Covid-19 and the increasing impact of the country's energy crisis.
Source: allafrica - 🏆 1. / 99 Read more »
Finance minister gives South Africans a tax breatherThe tax breather will also extend to motorists and other consumers of fuel. ECRNewsWatch
Source: ecr9495 - 🏆 38. / 51 Read more »
Budget 2023 | Finance Minister's plan for job creation : Ndumiso HadebeVIDEO | With an unemployment rate of 45% in South Africa, many in the country, especially youth, watched with bated breath yesterday to hear if the finance minister announced measures that would lead to job creation. BudgetSpeech BudgetSpeech2023 The ONLY way for South Africa FORWARD is not to give the ANC a MAJORITY, because now they INCOMPETENT, ARROGANT and CORRUPT, BLACK PEOPLE only VOTE ANC because of the COLOUR. The youth didnt watch. They dont have a reason to watch because we all know the government wont implement anything that improves the lives of the majority. Anc has no plan.
Source: SABCNews - 🏆 37. / 51 Read more »