Standard bank economist shares reasons for optimism with EWC members
ENTERTAINMENT:
- Simon Freemantle – Senior Political Economist – Standard Bank Group
South Africa’s economic outlook may be more encouraging than recent headlines suggest. This was the key message at our latest exporters Western Cape event, where members welcome standard bank political economist Simon Freemantle for an insightful discussion on the country’s economic and political landscape. Drawing on his extensive experience, Simon unpacked the challenges facing South Africa. Including global geopolitical uncertainty, rising oil prices, and their impact on inflation and economic growth.
Despite these pressures, he highlighted several reasons for cautious optimism. Pointing to the continued stability of the government of national unity, progress, and structural reform, improvements in freight activity, and a stronger partnership between government and business. Simon also emphasised the importance of ongoing governance reform and the potential for further improvements in infrastructure and service delivery. While acknowledging the significant risks that remain, he offered a balanced perspective on the opportunities for South Africa to strengthen its economic foundations and build greater resilience.
EWC Chairman Terry Gale reinforced the relevance of these insights for the exporting community. Noting that businesses often experience the immediate challenges of port delays, rising costs, and getting goods to market. However, recognising the progress being made is equally important. For exporters, the ultimate measure of reform will be more reliable services, greater confidence to invest, and improve conditions for growing exports. The evening provided a timely reminder that, while the global environment remains unpredictable, South Africa’s underlying potential should not be overlooked. Staying informed, engaged, and connected remains essential, as our industry continues to navigate change and identify new opportunities.
An insightful and encouraging discussion that reinforced the importance of collaboration, continued reform, and a renewed sense of confidence in the future of South African trade.
