Effects of euro zone crisis on south africa

Effects of Euro Zone Crisis on South Africa Presented By:

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Introduction  The euro zone crisis posed a serious and real

threat to South Africa’s economy.  South Africa businesses had estimated a loss of US$ 15 billion in revenue in January 2013.  This was a result of the crisis.  With 4 out of every 10 businesses affected on a global scope, there was an increase in the number of businesses that chose to make investment elsewhere. http://www.essaysexperts.net/

Discussion  Grant Thornton’s published a report on the

issue.  It is estimated that the crisis wiped out $ 2trillion off revenues.  This was on the global scope and the effect would have a long term effects for EU.  This will in turn lead to carry out less trade in the country. http://www.essaysexperts.net/

 Towards the end of November 2011, 505 of

   

finance professionals in South Africa felt the euro crisis.

It had impacted their businesses negatively.

28% claimed they expected their businesses to get affected by the crisis.

South Africa benefiting from Euro trade therefore dampened.

This meant employment of new growth strategies and alternate trade partners found. http://www.essaysexperts.net/

Effects  Economy recession will continue.  Shift to economies of Asia.  National budget and policies that are geared

towards creation of an environment that is conducive to allow growth of the economy.

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Effects of Euro Zone Crisis on South Africa Presented By:

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