Home
FacebookTwitterSearchMenu
  • Subscribe
  • Subscribe
  • News
  • Features
  • Knowledge Library
  • Columns
  • Customs
  • Jobs
  • Directory
  • FX Rates
  • Contact us
    • Contact us
    • About Us
    • Advertise
    • Send us news
    • Editorial Guidelines

Re-evaluating supply chain dynamics critical

08 Jul 2024 - by -
0 Comments

Share

  • Facebook
  • Twitter
  • Google+
  • LinkedIn
  • E-mail
  • Print

South Africa has been navigating complex economic terrain throughout 2024 which has had an impact on the road transport sector, according to Neo Ralefeta, treasury structuring consultant at Investec."This year has been nothing short of tumultuous," Ralefeta told members of the Road Freight Association (RFA) at the organisation’s annual conference, while reflecting on the unprecedented disruptions wrought by the pandemic and subsequent geopolitical tensions. "The conf lict in Ukraine, escalating turmoil in Gaza, and a global economic slowdown have all contributed to an environment of uncertainty."Amidst these global upheavals, Ralefeta underscored the importance of re-evaluating supply chain dynamics. "Countries are reassessing their reliance on China and exploring alternative partnerships to safeguard against geopolitical risks," he explained. "The concept of the Global South is gaining traction, presenting new avenues for growth and collaboration." He said locally the energy supply shortages remained at the top of the list of concerns for businesses, followed closely by the economic downturn, unemployment, state fragility and water scarcity."Addressing these challenges requires a multifaceted approach," said Ralefeta. "From bolstering energy infrastructure to fostering economic resilience and enhancing governance, there are pivotal steps that must be taken to stabilise and stimulate growth.”He said currency remained important in South Africa – and for the road freight sector at large – considering the volume of goods imported.“Despite the numerous challenges we face, I am still convinced that South Africa has potential. Given the right leadership and the amount of grit we have as a nation, we can turn this country around. South Africa has everything it takes to be globally competitive and win on a global stage. We must, however, be agile in recalibrating our risk management frameworks. Whether through decentralised power structures or strategic investments in critical infrastructure, proactive measures will be pivotal in shaping our economic trajec tor y.”Ralefeta said it was time for collective action and resilience in the face of uncertainty. "By leveraging our strengths and embracing innovation, South Africa can emerge stronger and better. The path forward demands bold leadership, strategic partnerships, and a steadfast commitment to economic prosperity."

Sign up to our mailing list and get daily news headlines and weekly features directly to your inbox free.
Subscribe to receive print copies of Freight News Features to your door.

July 2024 Compendium

View PDF
Re-evaluating supply chain dynamics critical
08 Jul 2024
FERI certificate expedites preclearance of cargo
08 Jul 2024
‘Get AEO accredited and enjoy VIP status’
08 Jul 2024
RFA convention 2024: inspiring call to action
08 Jul 2024
Botswana rail plans building up steam
08 Jul 2024
Intra-regional trade boosted by global disruptions
08 Jul 2024
E-commerce drives demand for last-mile solutions
08 Jul 2024
Reducing truck requirements by half
08 Jul 2024
Cargo owners increasingly ensuring direct links with transporters
08 Jul 2024
Employer loyalty crucial for success
08 Jul 2024
Industry demonstrates its resilience
08 Jul 2024
Illegal roadblocks another barrier to ICBT
08 Jul 2024
  • More

FeatureClick to view

The Cape 16 May 2025

Border Beat

The N4 Maputo Corridor crossing – congestion, crime and potholes
12 May 2025
Fuel-crime curbing causes tanker build-up at Moz border
08 May 2025
Border police turn the tide on illegal crossings
29 Apr 2025
More

Featured Jobs

New

Seafreight Export Controller

Tiger Recruitment
Cape Town
15 May
New

Import Manager (NVOCC)

Switch Recruit
Eastrand
15 May
New

Sales Co-Ordinator

Lee Botti & Associates
Cape Town
14 May
More Jobs
  • © Now Media
  • Privacy Policy
  • Freight News RSS
  • About Us
  • Advertise
  • Send us news
  • Contact us