2017 – Weathering the tough times ahead

Dr. Yudhvir Seetharam A positive outlook on a tough year for business According to National Treasury, the GDP growth rate is forecasted at an estimated 1.3% for 2017. The outlook points to a tough year ahead for business; however, there are a few trends that promise a positive narrative for businesses during the year. “It isn’t all doom and gloom: Yes, the economy is slowing - however businesses that want to gain any wins in the market place in 2017 will have to operate in a more astute manner” says Dr. Yudhvir Seetharam, Head of Analytics at FNB . Seetharam shared his outlook on a few trends in various industries that we can expect in 2017. Growth in the pre-owned car market spurs on SME’s in related markets The new car market will most likely continue to slow in 2017 as cash strapped consumers continue to opt to keep their cars. The saving grace for this sector will ultimately come from the pre-owned and spare parts market, and through it we are likely to see an increas...