Summary: that are coming about from within

Summary:

The
news article published on
FA
News
on the 22nd
January 2018 brings
to light the upcoming World Economic Forum meeting that will be held
in Davos, Switzerland. It mentions the optimism of all the countries
attending and mentions that South Africa will be attending with the
newly elected Presidential candidate Mr. Cyril Ramaphosa. The reason
for attending this meeting is to renew the worlds view on South
Africa’s growth and to get foreign investors to show interest
within South Africa’s markets.

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Point of View on Article:

The
World Economic Forum is a great platform to discuss the changes that
are being made with in South Africa. It allows our spokes people to
bring to light all the positive changes that are coming about from
within a country that is ripe for growth and development. Our county
has been plagued with slow development and
high unemployment. Which has slowed down our growth rate (GDP sitting
on 0.8% growth per year, for the last few years)

With
a lot of plans in the pipe line and an expected economic growth of
1.5% for 2018. We can see a lot changes that may be coming, and all
for the good. If we can assure our investors that our growth will be
steady and on the incline – we may be able to secure more investors
looking to invest in companies and help with the reduction of
unemployment rates.

Impact on Short Term Insurance Providers:

With
a steady increase in economic growth of around 1.5% that is projected
for 2018. You may find that there would be more investment into our
infrastructure. With improved infrastructure (road ways, buildings
etc) short term insurance providers would find themselves receiving
less claims for damage to vehicles from potholes, collapsing bridges
or buildings.

With
buildings being cared for and looked after, new buildings can be
built and this can lead to insurance providers getting more building
risks insured on their books and leading to an increase in revenue –
allowing for growth within the organization.

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