SA Businesses Lack Government Support
According to the latest ‘Digital Innovation Index Report 2023’, SA companies face tremendous challenges to compete on the global market, while simultaneously addressing local socioeconomic inequalities and nurturing nationwide prosperity, amid global geopolitical and economic uncertainty. Limited investment, a risk-averse culture and the low availability of talent on the local market present the most significant challenges to companies’ ambitions to drive transformational initiatives through innovation in order to leapfrog their competition. EFSA has noted to government that there is an urgent need to assist businesses understand and prepare for the AfCFTA.
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