Despite labour unrest and poor economic growth hitting South Africa’s construction industry hard in 2014, a handful of companies, such as national developers Nu-Hold, have managed to defy the odds with robust growth.
Festo South Africa has had an exciting year and as 2014 draws to a close, the company is reflecting on its business decisions of the past year. This year saw Festo engaging in some bold strategic moves; despite a difficult economic climate, Festo actively participated in growing the company through expansions that have paid off.
Government is committed to building and supporting the manufacturing sector as a key driver for inclusive growth, job creation and poverty alleviation, says Trade and Industry Minister Rob Davies.
It has been noted that innovation is no longer an option, but rather a necessity. Companies that are on top of market changes, and are maintaining their competitive advantage, are those organisations creating and adopting innovative business models.
Driving business growth in the face of a global recession is perhaps one of the most pressing issues facing business leaders and organisations today. It isn’t a matter of inventing new strategies, installing new software or even changing the metrics. It is a about establishing trusted, authentic and value based relationships with clients.