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Showing posts with the label GDP

Beating the recessionary blues: six strategies for growing a tech business during a downturn

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At the start of 2020, the South African economy was already on the back foot. GDP shrank 1.4% quarter-on-quarter in Q4 of 2019, following a contraction of 0.8% in Q3.  That was even before COVID-19 had arrived.   The Moody’s, Fitch and S&P rating agency downgrades in March and April all signalled that the South African economy is in for a rough time over the next year at least. Recent research from Investec shows that most South African corporates are expecting a 10 to 20% decline in GDP for 2020 and they expect negative or flat GDP growth to continue in 2021.   With industries such as hospitality, mining, manufacturing, construction and transportation under pressure, most companies are looking to eke out savings by sweating technology assets a bit longer and by trimming IT operating costs. Most resellers will not be able to grow their businesses without winning market share from competitors or diversifying into new markets.   Here are some approaches they can ta...

Acer reimagines the elevator pitch with the #AcerInstaPitch campaign

As a trusted technology partner for small businesses and startups, Acer is celebrating the entrepreneurial spirit of South Africans. As part of their drive to support local businesses and promote entrepreneurship in South Africa, the #AcerInstaPitch campaign provides a new and exciting way to pitch business ideas.   “By driving this campaign, we hope to motivate entrepreneurs to channel their biggest and boldest ideas and turn them into revenue-generating businesses,” says Belinda Marais, Marketing Manager at Acer.   To highlight the importance of supporting startups and small businesses, in the next few weeks, Acer invites YOU to pitch your best business idea on Instagram. Share your best business idea on Instagram Stories in 10 frames or less, and you could win! Remember to tag  @AcerAfrica  on every frame of your pitch. Aspiring entrepreneurs could win their share of R125 000’s worth of Acer equipment to make their business dreams become a reality, as well as...