South Africa’s heightened global risk status due to greylisting unfortunately dents an investment profile already grappling with factors such as the negative impact of aggressive load-shedding, lack of energy security, ongoing junk status and other uncertainties.

Prof Raymond Parsons, economist from the North-West University (NWU) Business School, in commenting on the decision by the Financial Action Task Force (FATF) to greylist South Africa, says although it has been widely expected for some months, it is bad news that South Africa’s present vulnerable economy can do without.

The 2023 Budget speech was a surprise-free, pragmatic and credible response to a challenging set of global and domestic economic circumstances.

Prof Raymond Parsons, an economist from the North-West University (NWU) Business School, commented on the 2023 Budget introduced to parliament by the Minister of Finance, Enoch Godongwana.

“Although having received some windfall tax-revenue gains, Finance Minister Enoch Godongwana still had a difficult balancing act given the political and economic constraints within which he had to shape fiscal policy.”

The North-West University (NWU) Business School hosted its third PITSO discussion for 2023 during which experts deliberated on the President’s State of the Nation Address on 9 February 2023. With 184 attendees, topics discussed included the current energy question, issues pertaining to the current energy crisis, economic growth and the reality of crime, corruption and renewal.

The 2023 State of the Nation Address (SONA) delivered by President Cyril Ramaphosa to Parliament on 9 February gave a wide-ranging, candid and realistic appraisal of South Africa’s present tough and challenging economic landscape.

On Friday, 3 February, the North-West University (NWU) Business School concluded its Summer Study School for MBA students. Overall, the week was a resounding success, with students testifying to tremendous value gained in terms of networking, keynote inputs and a better understanding of what to expect from the programme this year.

One of the biggest challenges for leaders in today's increasingly online business world is how to carry out their job as managers. In the past, it was easier for leaders to promote a culture of trust and integrity because they knew what everyone was doing and could see when someone was not performing in accordance with their ethics. But now, with remote workforces and teams spread across different countries, organisations are struggling to make sure that employees are adhering to their ethical standards consistently across departments and geographies.

So, the word is out, and after much anticipation, Dr Joseph Sekhampu was announced to be the new chief director of the Business School at the North-West University (NWU). But who is Joseph Sekhampu, and what is his vision for the school and for life in general? Who is the man in the golden seat and how does he operate workwise, life-wise and dream-wise?

“As was expected, the Monetary Policy Committee (MPC) of the South African Reserve Bank (SARB) continued with its interest-raising cycle with an increase of 25 basis points (bsp), instead of the higher 50 bsp option that had also been widely canvassed.”

According to Prof Raymond Parsons, economist from the North-West University (NWU) Business School, this is the right decision in the present stressful economic circumstances.

It cannot be disputed that 2022 was an eventful year for news outlets. The invasion of Ukraine; a global rise in inflation; the death of prominent figures, not only in the entertainment industry, but also major international personalities such as Queen Elizabeth II; and the intensified effects of climate change, among other things, dominated the headlines as the world’s population crossed the milestone of 8 billion people.

It is hard to recall a time when there were as many economic and political cross-currents as there are for South Africa as it enters 2023. This is according to Prof Raymond Parsons, economist at the Business School of the North-West University (NWU).