June 2016
There seems to be a lot of ‘doom and gloom’ talk when people mention the state of the South African economy right now. “Growth rates are slow, unemployment remains high, the currency is in turmoil and ratings agencies are uncertain over the future forecast” is what people say. And while this may be true, the problem seems to effect different companies in different ways and the truth is, almost every one we speak to says that the economic downturn has only had a minimal impact and only becomes a problem when you allow it to become a problem.
Look at our feature companies for this month for example. Shell continue to open forecourts and forge partnerships, even with the oil price situation. Broll continue to expand into Africa despite currency challenges. Vida e Caffé have a strong growth plan even with increasing costs and competition. Osmond Lange architects are driving ahead with major projects despite slow GDP growth. Tri-Star Construction is filling up its order book where others are falling flat and Carara Agro Processing and EKM Exports are searching for new international markets to receive their world class SA products.
Considering that the state of the economy is regarded by many as being in something of a mess, the type of growth displayed by these industry leaders is inspiring and they all act as the perfect example to follow for their industry peers.
It’s important to find a way to operate effectively when times are tough; as the famous quote says: “Life isn’t about waiting for the storm to pass – it’s about learning to dance in the rain.”
Talk to us online, and tell us your stories of success in these tough times.