2018 – Paving the way for the ‘new dawn’
Thinking back to the start of 2018, there was a sense of optimism, positivity, and hope, largely because we had just seen the removal of Jacob Zuma and the appointment of Cyril Ramaphosa as president. However, despite this optimism reality quickly set in as the effects of a decade of corruption and mismanagement became evident. Increases in VAT and fuel prices worsened the mood and put the South African consumer under more pressure and business confidence fell to near all-time lows. The general feedback from the management of listed businesses in SA was that 2018 was the worst year experienced since 1994, including the years that followed the global financial crisis. Not a year most South Africans would want to relive! Click here to read full newsletter – 31-Dec-2018-2018—paving-the-way-for-the-new-dawn.