Page 9 - SA Chamber UK - September Newsletter- eBook

EXTRACT FROM A BBC

ARTICLE

Chairman of the South African Chamber of Commerce Sharon
Constançon said it had been a “magic” event. Ms Constançon
said it was “very rewarding” to see such a “strong community” of
South Africans on the island, employed in a range of industries
ranging from farming to finance.

She said historically people from the country had faced “so many
difficult circumstances” they sometimes wanted to leave their
homeland behind, but “as the decades go by they are creating
communities” around the world.

For the full article visit https://www.bbc.com/news/world-
europe-isle-of-man-66918572
And see https://www.bbc.co.uk/news/world-europe-isle-of-
man-66890795

IT’S A GEOPOLITICAL WORLD

The global geopolitical world order is in a state of flux; it is unpredictable and uncertain.

Governments, corporates and investors are scrambling to adjust, mitigate and adapt
to the developments unfolding at a rapid rate. Geopolitics is also driving geoeconomic
uncertainty, which has been identified as a major risk by the World Economic Forum
report in 2023. The use of economic tools to drive geopolitical objectives has become
a major issue resulting in a shift from free trade to secure trade.

A distinguishing feature in the present century global order, as opposed to the past, is
the absence of any individual country possessing total hegemonic power. The exercise

of power is therefore diffused between different countries and regions. Major powers
have extended their sphere of influence, through strategic alliance building and
forming partnerships which provides them with a comparative advantage compared
to their so-called adversaries. In such a world order middle or emerging powers

are demanding a more equal playing field to expand their interests by adopting the
strategy of non or multi-alignment.

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SA CHAMBER UK NEWSLETTER SEPTEMBER 2023