What's the Good News on the 2016 South African Economy?

Mar 07, 2016
Author: Ean Barnard

With South Africa at risk of falling into a recession and having its credit rating downgraded to junk, we still have a pretty remarkable Nation. Yes, there are tons of reasons why so many South Africans have distorted views on the future of our country. Low economic growth, political and social disorder, too many plans and too little action are at the order of the day. But – In the middle of all the doom and gloom and in the wake of a struggling currency, there are those that choose to look for the good in our country. Perhaps it’s about time you read something worthy of praise on the 2016 South African economy, so here we go…

For a country that desperately needs good news, here’s a slice:

For the world’s worst-performing economies, no good will come from New Year’s resolutions to do any better. For many, 2016 will only bring more disappointment, say economists surveyed by Bloomberg. What’s the good news then? Well, Bloomberg’s list of the 2016 Worst Economic Performers does not include the South African economy. That’s great news. Well, kind of - (sorry for those that made the list). Okay, so that’s just for interest sake. What real good news is there on the 2016 South African Economy? Here at Fincheck, we like to believe that the good news is all around us, and always will be. How? In the form of the vast amount of opportunities in South Africa. Let’s take a look!

Sectors of opportunity

The potential of the 2016 South African economy is evident in the diverse sectors and industries that exist in the country. There are countless opportunities within each sector. This list includes Agriculture, IT Business services, Transport equipment, Electro-Technical, Textiles, Clothing, Leather, Automotive components, Green economy services, Tourism, Entertainment, Creative design, Consumer goods, Business outsourcing, Infrastructure development, Education, and even boat building. As you might notice, the list goes on for days, from A to Z and everything in between. You can view an even bigger list here on our very own government site. The age is ripe for the entrepreneur. Even those that want to build a second income stream for their own household can benefit from all the opportunities on the horizon. All it takes is a slight shift in one’s perspective on the future of sunny South Africa.  

A Closer look

An economy is an area of the production, distribution or trade, and consumption of goods and services by different agents in a given geographical location. The economic agents can be individuals, businesses, organizations, or governments. Read that again. Did you notice that you, as an individual, also make up the economy? So you can have a major impact on the 2016 South African economy. How? By taking advantage of an opportunity within one of our many sectors. Simple as that. We’re not saying that taking advantage of an opportunity is an easy task, it takes some guts and determination. Easier said than done? Well, yes. But – It’s possible! It might not be easy, but it's pretty simple. Fincheck leaves you with this thought…

“Opportunity is missed by most people because it is dressed in overalls and looks like work” – Thomas Edison

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