How South African businesses can thrive in global markets

“COMMON solutions to shared problems” is the bold declaration made by the leaders at the G20 Summit held in South Africa recently.

- DAILY NEWS REPORTER

WITH tariffs, border adjustments, and export restrictions rising worldwide, still, South Africa businesses have the potential to boost its export output.

(Gemini AI)

Here, the world’s most influential nations committed to multilateral cooperation, macro policy coordination, global partnerships for sustainable development, and solidarity. This stance was particularly pertinent in South Africa, where more than 85% of total net financial assets are owned by a mere 10% of the population.

The question on the minds of business owners in the coming year is likely to be: How can I scale up my business? How do I grow revenue, expand reach, and essentially level up? Fayez Raidan, Managing Director at Global Free Trade, who manages exports from Durban through a trade corridor between South Africa and the UK, emphasised that it was all about operational expansion.