Businesses prove resilient in tough times
Thursday, April 13, 2017
These conditions are usually related to the slow economic growth as well as the tough regulatory environment.
In a tough economic climate, the reality of budget cuts, job insecurity and diminished employment rights usually comes to play with some companies succumbing to the pressures and ending up retrenching or closing shop.
While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...