Tag Archives: Economy
Retail Banking: IT Spending On The Rise Amid Economic Turmoil
Global spending on retail banking technology will increase by $3.6bn (3.2 per cent) in 2012, and will hit $135bn over the next five years, according to Ovum.
In a new forecast, the independent technology analyst reveals that banks in emerging economies in the Asia-Pacific region will grow the fastest, at a rate of 8.3 per cent [...]
The Ten Commandments For Economic Growth
For fifteen years, Mannie Hirsch, chairman of Gestalt Growth Strategies, based in Johannesburg, has wrestled with the challenges of bringing economic growth to marginalised communities in South Africa and across the continent. These, says Hirsch, are the ten lost commandments that Moses was not able to share with the world:
1. Thou shalt honour thy community
[...]
DA Youth Announces Winners Of Entrepreneurship Competition
Over the last three months, the Democratic Alliance (DA) Youth has run a national competition to challenge young entrepreneurs to develop business plans for small enterprises.
National Youth Director, Aimee Franklin says: “We believe that by encouraging young South Africans to take control of their futures and become job creators, that we are making a [...]
African banking systems poised for a surge in 2011-20
Bank assets in 16 key Sub-Saharan countries are likely to expand nearly 250% over the period.
African countries south of the Sahara are poised to enjoy a surge in growth in their banking systems during this decade, according to new research from the Economist Intelligence Unit published today.
The three main drivers of this development will [...]
Entrepreneurship vs a healthy economy
Question: What is the relationship between entrepreneurship and a healthy economy?
Answer: A healthy economy is a growing economy. Economists have long been trying to understand the factors that drive economic growth and the answer was initially not as simple as one might expect. The factors of production – land, labour and capital were not sufficient an [...]
The Importance of Entrepreneurship in a South African Economy
A reader posted this question: “What is the importance of entrepreneurship in the South African economy?”
Firstly, let me start with my own definition: An entrepreneur is someone who creates new wealth through the creation of new value. The simplest way to understand this is to think of someone making, say, fudge (my favourite). Fudge [...]
