A really interesting piece of research in the @BusinessLiveSA this morning
Costs of BEE outweigh benefits
Proposed amendments to broad-based BEE framework will achieve opposite of intended goals
https://t.co/mu1jfOlmAP
R1.2-billion win for South African innovation agency
The Technology Innovation Agency sold its Kapa stake before Roche bought the biotech for $445m
https://t.co/D8xItouQDX
South Africa GDP grew by +0.5% the last quarter vs and expected +0.3%.
For the 2nd consecutive quarter, Finance was the largest contributor to growth.
Side note: Growth remains pedestrian and will have little impact on solving the country's biggest crisis: Unemployment
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Fitch upgraded SA’s credit rating from BB- to BB, but the outlook is stable. Fitch acknowledged the progress on fiscal discipline and the introduction of PPPs, but makes the point that the average GDP growth for BB rated countries is 4%
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Our latest "Meet The Management" is out and Kia Jacklin chats to the CEO of JSE-listed Stadio on
"The Future of The Business of Education"
cc @Decusatio1
https://t.co/rF4xEZ6Xrb
@JohannBiermann1 While many of these upgrades were on the agenda ...
1. It shows that some of the economic reforms are bringing benefits
2. These are achieved at a time when there are economic uncertainties linked to Hormuz / Iran crisis
We came across such a fascinating graph from the @outlierafrica showcasing the start-up funding ecosystem on the African continent.
It highlights how South Africa needs to recognise that it faces competition for global capital and cannot rest on its laurels
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This ties into a recent debate our Human Capital team were having about this opinion piece entitled: "If AI Is Doing the Work, Should We Still Pay for the Results?"
https://t.co/vOZfLd8hVf
Finance is still flowing to qualifying entrepreneurs. Bridgement unlocked a R3m line of credit of this entrepreneur.
Setup your Bridgement account here and see what you qualify for --> https://t.co/8GcIUViqYE
🚀 Boost of the Week 🚀
This week, we approved funding for a household goods distributor looking to import additional stock.
Growth opportunities don't wait for the next shipment to land. Ready to stock up for your next phase of growth?
https://t.co/b9h5pzWsoi