There are some economies on the continent that have done better than others. In Zambia, the Kwacha has been the world’s best-performing currency against the dollar for much of the year and the country has been able to bring inflation under control. On the other hand, whilst South Africa’s economy has seen some positives, there are a number of challenges that have constrained growth. The minister of Finance in the excerpt above outlined the need for reforms in different sectors of the economy, including telecommunications and the energy sector. Considering this, how will South Africa’s small, medium, and micro enterprises take advantage of the Africa Continental Free trade Area Agreement given some of the challenges mentioned by the minister, particularly around energy constraints? In answering this question, you must use global business concepts, in the context of cross-border trade.
