Summary:The buildings. With buildings being cared for

Summary:The news article published on FA News on the 22nd January 2018 brings to light the upcoming World Economic Forum meeting that will be held in Davos, Switzerland. It mentions the optimism of all the countries attending and mentions that South Africa will be attending with the newly elected Presidential candidate Mr. Cyril Ramaphosa. The reason for attending this meeting is to renew the world’s view on South Africa’s growth and to get foreign investors to show interest in South Africa’s markets.Point of View on Article:The World Economic Forum is a great platform to discuss the changes that are being made in South Africa. It allows our spokespeople to bring to light all the positive changes that are coming about from within a country that is ripe for growth and development. Our county has been plagued with slow development and high unemployment. Which has slowed down our growth rate (GDP sitting on 0.8% growth per year, for the last few years) With a lot of plans in the pipeline and an expected economic growth of 1.5% for 2018. We can see a lot of changes that may be coming, and all for the good. If we can assure our investors that our growth will be steady and on the incline – we may be able to secure more investors looking to invest in companies and help with the reduction of unemployment rates. Impact on Short Term Insurance Providers:With a steady increase in economic growth of around 1.5% that is projected for 2018. You may find that there would be more investment made in our infrastructure. With improved infrastructure (roadways, buildings etc) short-term insurance providers would find themselves receiving fewer claims for damage to vehicles from potholes, collapsing bridges or buildings. With buildings being cared for and looked after, new buildings can be built and this can lead to insurance providers getting more building risks insured on their books and leading to an increase in revenue – allowing for growth within the organization.

x

Hi!
I'm Joan!

Would you like to get a custom essay? How about receiving a customized one?

Check it out