Traditional problems in a new age world
In a strange twist of events, millennials are now more loyal than ever when considering their place of employment. A segment of the working world that has, until recently, been seen as dis-loyal when considering employment, the recent changes in economy and society have pushed this group into worry – now more concerned with keeping their current jobs than finding something better and brighter.
In light of a series of factors ranging from local to international, the international trade credit insurance company, Coface, has changed South Africa’s business credit risk assessment form a B to a C- from fairly high to high. What this means for us is that South Africa is now seen as a higher risk for investors, a detrimental position to be in when considering the importance of international investments in our industries.
In light of recent events and the turmoil that was 2016, the future looks uncertain for South Africa. With a rocky road ahead of us, the SA risk factor is one of the worst in the world- we are one of the top 10 risks to the world in 2017 when looking at economic unrest and internal politics.
Standard and Poor’s downgraded South Africa’s local debt by a notch to BBB on last December but kept the country’s sovereign credit rating unchanged by BBB – one level above “junk” status, while saying the economy was still struggling.
So you went a little crazy this festive season by overspending on gifts and vacations and now you are not sure how you are going to survive the first month of the year? Continue reading
Since the announcement of Donald Trump’s, excuse me….future President Donald Trump’s win, the world has gone a bit crazy. With some people rejoicing and others running for the hills, this is a definite sign that the next few months will be an interesting time. Figuring out what happens next, what does it mean now that Trump is president? Many are thinking it’s time to travel.
It’s time to put a bright red bow on your budget and check your list twice!
We always get annoyed and complain when we see stores deck out their halls with Christmas decorations early in the year and then remove them late January (we know we do). However, we think they might actually be onto something. Continue reading
With sluggish economic growth, students demanding free education and low revenue collection, there might be significant tax increase in the pipeline next year as South Africa faces multiple unknowns. Continue reading
Ever look at the friends around you and think “I WANT IT, NO… I NEED IT!!!” From the expensive designer clothes they wear, the trendy areas they live in, the high-end cars they drive, the after work drinks at roof top bars and the hotel dinners… all so that you can keep up appearances and let’s not forget those Instagram posts to show the rest of the world that you are out #LivingYourBestLife. Continue reading