The mining industry has undergone a significant transformation in the last few years. Not only have we seen major consolidation activities across the board, but we have also seen the rise of new players like China, which increases competition significantly. In addition to this, the industry was severely impacted by the 2008/9 financial downturn. Commodity prices and economic growth have given way to slowdown and recession; the need to conserve cash and contain costs has never been greater...
The Mining industry has undergone significant changes over the past few years. Not only have we seen major consolidation activities within the industry, we have also seen the rise of new players like China and India, increasing competition significantly. Increasing commodity prices and economic growth have given way to slowdown and recession. The need to conserve cash and contain costs has never been higher!
Climate change and the demands placed by modern businesses on the environment are ongoing global challenges. As weather patterns continue to change, it is predicted that South Africa will experience a reduction in annual rainfall, resulting in water shortages. This will invariably have an adverse effect on the agricultural sector and affect the continual survival of biodiversity.
Combating crime and corruption has become a top priority in the country and features strongly in the strategic developmental priorities identified by government.
Financial service institutions constantly face challenges as they seek to increase shareholder value, profitability and customer loyalty while grappling with stringent, ever-changing regulations.
The hospitality industry has always been faced with the challenge of cost management. Often, the use of technology is at the expense of being able to offer customers a personal touch. Then there’s the dilemma of investing in new hotels or upgrades versus sweating existing assets.