Question

Identification of a research problem in terms of the macro economic market and its impact on South African businesses

Answer 1

Answer:

Research problem in terms of the macro economic market and its impact on South African businesses:

Community service performance measurement: A South African case study.

Or

Review of business recovery programs in all sectors of the economy: A South African study.

South Africa's great economic environment is patient and open to business:

• Discreet financial management and fiscal policies have created economic stability.

• According to the 2015/16 World Economic Policy Index, South Africa has grown four places to 85 out of 140 countries in terms of its strong economic status.

• South Africa is a competitive business and investment destination.

• The country has just climbed seven places to take the top 50 of the 140 countries in the WEF's Global Competitiveness Index. South Africa stands at 49.

• South Africa is ranked fourth in the 54 African countries in the Ibrahim Index in the African government.

• Global economic change will require the strengthening of our policy framework to ensure that we can respond effectively.

• South Africa is aware of the impact of falling commodity prices, on our economy. Inflation is a concern for big goods retailers like South Africa. Inflation is not expected to backfire and will have a positive impact on emerging economies. This will serve as an impetus to further diversify our economy from excessive reliance on goods.

• The rand depreciation is taking place under the current global trend that is characterized by a fair amount of turmoil

• Implementation of the National Development Plan (NDP) remains a vital part of our economy.

• The NDP is supported by the Nine-Point economic recovery plan.

• In support of the NDP government efforts are made to alleviate the most pressing growth issues and to implement a series of economic reforms to build a competitive economy. These include:

1. Continuous investment in economic infrastructure

2. Making changes to the management of State Owners Companies, emphasizing state ownership and encouraging the participation of private companies

3. To expand the independent power generation system

4. Promotes affordable, reliable and broadband broadband access

5. Promote black ownership of industrial goods

6. Finalize the amendments to the Mineral Resources Development Act (2002), as well as further consultation with the industry; and

7. Review business restructuring plans in all sectors of the economy to ensure that resources support effective employee outcomes, which create jobs