Opportunity magazine is a niche business-to-business publication that explores various investment opportunities within Southern Africa’s economic sectors. The publication is endorsed by the South African Chamber of Commerce and Industry (SACCI).
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PERSONALISED FINANCIAL PLANNING Empower your business with a robust financial plan. At TIH Advisory, we are redefining financial advice for the modern world. As a new generation of financial advisers, we deliver personalised financial advice and an extensive range of insurance and investment options meticulously curated to meet the unique needs of both individuals and businesses. Backed by the strength of Telesure Investment Holdings (TIH) – a South African-born financial-services operation that forms part of a global group that provides insurance to over 10 millioncustomers – we combine local expertise with global resources to guide you toward financial security. Whether you’re seeking a strategic financial plan for your personal goals or a comprehensive solution for your business, we’re here to help you secure your future with confidence. Why expert financial planning is essential for your business In today’s competitive landscape, financial literacy goes beyond just understanding numbers. It’s about mastering key skills like budgeting, investment planning and risk management. With its complexities, having a seasoned financial expert in your corner can be the difference between good and exceptional financial outcomes. While digital-insurance platforms offer convenience, navigating complex financial challenges requires trusted, face-to-face guidance from experienced specialists who understand your unique situation. Modern financial advice tailored to your needs We don’t just help you mitigate risks; we empower you to embrace them with the confidence that comes from being prepared. We invest the time to deeply understand your financial position, your goals and the gap between where you are and where you want to be. Then, we build a bespoke financial plan that gives you the edge to succeed. Our network of expert advisers spans South Africa, working alongside some of the industry’s most trusted brands. For advice on developing a robust financial plan, contact us today. https://tihsa.co.za
Economic data The South African Chamber of Commerce and Industry (SACCI) regularly publishes economic data relating to business confidence and trade, the SACCI Business Confidence Index and the Trade Conditions Survey. As of 2023, SACCI has been collaborating with the Bureau of Market Research (BMR) in producing the Small Business Growth Index. For more statistics, see www.sacci.org.za and www.bmr.co.za BUSINESS CONFIDENCE INDEX – SEPTEMBER 2024 Steadily restoring business confidence The slow but steady recovery in the BCI since June 2024 bears testimony to the difficulties that mark the business environment and economic performance. Despite the ups and downs, the BCI averaged 110.9 for the first nine months of 2024 compared to an average of 109.2 in 2023. Only three of the 14 sub-indices had a negative effect on the BCI. Business sentiment was positively swayed by more overseas tourist numbers, increased merchandise export volumes, an improving manufacturing output and lower inflation. Negative business sentiment concerned fewer new vehicles sold, struggling retail sales volumes and the decreased real value of building plans passed. Over the year to September 2024 SACCI’s BCI increased by two index points with tourist numbers, higher global precious metal prices, lower inflation, the stable supply of electricity and cheaper fuel at the pump as positive contributors. It is of grave concern to SACCI that 66 of the 257 municipalities are officially dysfunctional, rated by certain criteria. An agreed and entrusted approach at all levels of government should prevent the sign of hesitancy and uncertainty in business confidence. SACCI trusts that the Medium Term Budget Policy Statement (MTBPS 2024), as a joint effort by the newly formed government, will confirm the effort of resolving structural impediments in the economy and for business. The SACCI Business Confidence Index (BCI) 2020=100 SACCI TRADE CONDITIONS SURVEY Notable surge in trade expectations The political broadening of governance has led to the encouragement of expectations in the trade environment. Although there remain notable economic challenges in providing certain logistical and other public-sector services in support of smooth trading processes, a positive outlook for the next six months has propelled trade conditions upward. Trade conditions, however, remained constrained. While improved economic performance is essential to underpin trade conditions, it may take longer to achieve than simply implementing curative economic decisions. Except for input costs, which remained unchanged from July to August 2024, all other trade components turned negative. This adjustment to reality came after the initial optimism surrounding the formation of a more inclusive government and the prospects of improved economic performance. The South African Reserve Bank could ease its monetary stance and lower interest rates, which would stimulate additional real demand. The latest GDP data confirms that wholesale and retail trade, as well as hotels and restaurants, experienced tight conditions in the first half of 2024. After the election, a sense of urgency and responsibility towards the economy emerged among the majority of political parties, with a focus on urgently reviving the economy. This shift in sentiment has renewed optimism. The challenging trade environment also negatively impacted employment conditions, with only 29% of respondents hiring additional staff in August. Nonetheless, 50% of respondents indicated they might increase staff appointments.
