October 2018

The last few weeks have been extremely busy in the South African business arena with leading insurance company, Alexander Forbes opting to replace its CEO before also losing its CFO, and controversial auditing firm, KPMG moving on a CEO after just a year in the role. The World Bank has revised the country’s growth trajectory for 2018 downwards from 1.4% to 1%, and President Ramaphosa’s economic stimulus package has been criticised for only having limited potential benefits.

But, as always, the country’s businesses continue to buck the trends and deliver brilliant results. Whether it’s through the release of new products and services, growth into new markets, acquisition of new customers, or expansion of existing operations; southern Africa’s business community remains resolute.

Just look at the stories from Alligator, Rosslyn Hub, Zebediela Citrus, Genrec, and Falke Eurosocks, all companies in different industry sectors, but all companies that have set sights firmly on a growth path.

Rosslyn Hub, the precursor to Tshwane’s Automotive City, is now under construction and is hoping to attract international auto OEMs to Gauteng. Falke Eurosocks manufacturers socks for local and export markets and is recognised is one the best in the business. Zebediela Citrus produces some of the world’s best tasting oranges and is planning an export drive to breathe new life into the Limpopo farm. Alligator, Cape Town’s custom product specialist, is investing in its facilities to ensure its quality remains world-class and its capacity grows.

Try telling these organisations about doom and gloom in the economy and you’ll quickly be shot down with talk of all the positivity on the ground that goes unreported – enter Enterprise Africa.

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