South African economy at a crossroads

South African economy at a crossroads

Image of Raymond Obermeyer, Managing Director at SEW-EURODRIVE South Africa By Raymond Obermeyer, Managing Director at SEW-EURODRIVE South Africa

South Africa faces a critical crossroad currently; one which requires creative and innovative solutions to put the economy back on a sustainable financial path. Achieving this will require structural reforms to enable a more business-friendly environment aimed at encouraging investment in order to grow the economy.

The country has benefited in recent months from a commodities boom which provided an unexpected tax windfall. This has resulted in an unprecedented trade surplus – meaning that more capital has flowed into the country […]

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