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NEWS
Henley offers scholarships to investigative journalists
Henley offers scholarships to investigative journalists

5 trends that can keep the South African MBA relevant
5 trends that can keep the South African MBA relevant

We need to realign government, business and civil society
We need to realign government, business and civil society

Life as a full-time MBA student
Life as a full-time MBA student

Brexit delay provides breathing space for SA
Brexit delay provides breathing space for SA

MSA joins the ADvTECH family
MSA joins the ADvTECH family

SA plunges to 117 out of 149 in gender wage equality
SA plunges to 117 out of 149 in gender wage equality

UCT’s Executive MBA recognised for its distinctive approach
UCT’s Executive MBA recognised for its distinctive approach

GIBS Executive MBA programme debuts in top 50
GIBS Executive MBA programme debuts in top 50

Can Africa fill the glass?
Can Africa fill the glass?

YALI AFRICA launch at Unisa
YALI AFRICA launch at Unisa

The fake resurrection of South Africa
The fake resurrection of South Africa

Don't panic: The digital revolution isn’t that unusual
Don't panic: The digital revolution isn’t that unusual

Why Agile works
Why Agile works

How firms can avoid the mediocrity trap
How firms can avoid the mediocrity trap

How a 100000-strong company is relearning how to innovate
How a 100000-strong company is relearning how to innovate

The changing shape of the MBA
The changing shape of the MBA

Adding climate change to curriculum is a top priority
Adding climate change to curriculum is a top priority

The MBA should turn you into a business disruptor
The MBA should turn you into a business disruptor

Innovation in SA organisations driven by C-level support
Innovation in SA organisations driven by C-level support

UNISA SBL a torch-bearer of training for military veterans
UNISA SBL a torch-bearer of training for military veterans

Scaling up the MBA for relevance in the 4IR
Scaling up the MBA for relevance in the 4IR

Moody's: SA not out of the woods yet
Moody's: SA not out of the woods yet

GIBS manufacturing-focused MBA kicks off in Durban
GIBS manufacturing-focused MBA kicks off in Durban

Henley’s Makhoalibe selected for sought-after programme
Henley’s Makhoalibe selected for sought-after programme

Personal potential, a source of power
Personal potential, a source of power

Reach your business leadership potential with a MBA from WBS
Reach your business leadership potential with a MBA from WBS

MPC: SA needs a period of stable interest rates
MPC: SA needs a period of stable interest rates

SA’s energy problems just the tip of the iceberg
SA’s energy problems just the tip of the iceberg

What's really driving disruption?
What's really driving disruption?

Why has there been such a failure of leadership?
Why has there been such a failure of leadership?

Steinhoff: Exactly where does responsibility stop and start?
Steinhoff: Exactly where does responsibility stop and start?

The cure for the loneliness of command
The cure for the loneliness of command

How to survive in the age of digital transformation
How to survive in the age of digital transformation

New MBA timetable starts in 2016
New MBA timetable starts in 2016

EVENTS
Henley MBA & PGDIP Preview Day
Henley MBA & PGDIP Preview Day
29 May 2019,
Pretoria

UCT GSB MBA Information Sessions
UCT GSB MBA Information Sessions
15 October 2019,
Johannesburg



08 MAY 2019
Brexit delay provides breathing space for SA

by Raymond Parsons: Professor at the NWU School of Business & Governance and a former special policy adviser to Busa.
The inevitable decision by the European Union (EU) and the United Kingdom (UK) to now agree a flexible extension of the deadline for the Brexit outcome beyond April 12 to October 31 is good news for South Africa (SA). It has been clear for some time that the UK's intended departure from the EU has important trade implications for a country like SA, depending on when and how Brexit occurred - and with its potential for economic disruption and uncertainty. The EU as a bloc is SA's largest trading partner, with the UK as SA's second-biggest trading partner in the EU, giving SA a key stake in the prospects for a smooth and orderly Brexit.

An abrupt 'no deal' Brexit outcome on April 12 would generally have had negative economic consequences, not least because of its ripple effects on the world trading system as a whole. The UK would then overnight have exited the EU and immediately fallen under the World Trade Organization's (WTO) generalised tariff rules, creating much uncertainty and confusion. Britain was also intending to unilaterally impose emergency overall tariffs, a proportion of which would have meant collateral damage to some sectors of the SA economy, such as the automotive industry.

While though there is still yet no certainty as to what the final outcome may be by October 31 or even sooner, the UK at least now has a valuable extra period in which to politically decide on its controversial future relationship with the EU. SA must use the time to reaffirm, adjust or renegotiate where necessary its existing trade arrangements or agreements with the UK and the EU to ensure continuity and predictability in its existing trade relations with them.

The Department of Trade and Industry, business associations, and SA businesses with links to the UK economy will need to continue to monitor further Brexit developments as they unfold in the months ahead.
Source:

NWU Business School
At the NWU Business School, we strive to change the way our students think about business. We want our students to become managers/leaders in their own right. Visit our InfoCentre or website.

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