Proudly South African Entrepreneurs Chatting to business owners exhibiting at the Buy Local Summit was inspiring. So inspiring that I almost entirely missed the official programme. Dragging myself away from the businesses exhibiting I attended the sessions after lunch. Over three sessions I was left with a distinct sense that the Proudly South Africa...Continue reading
What do a pizza maker and a chemical engineer starting businesses have in common? They both recognise an opportunity, and they will both assemble the resources they need to run their businesses. They are entrepreneurs, but they have major differences. The chemical engineer who is commercialising a new process to create solar panels is...Continue reading
ENTREPRENEURS can learn a lot just from visiting and trading with other businesses and so can those making public policy. But this critical street-level perspective is missing with government officials in the wake of recent attacks on foreign-owned spaza shops, seemingly unable to explain whether foreign-owned shops are super profitable, if they pay taxes...Continue reading
THE “efficient laager” is my description of big business’s role in South Africa’s discussions on economic policy. The central feature of this hypothesis is that it defines business — particular big business — as a bastion of efficiency, neglecting to tackle the core questions of economic concentration. The stance is insulated and defensive. You...Continue reading
Possibly, the most important question in public policy is “who benefits”. In answering this question, not only can distributional outcomes be assessed, but often the underlying power structures. The recent reporting on the Public Investment Commission investing R1.5 billion of government employee pension funds in CAMAC Energy raises just this question: “Who benefits”. Three...Continue reading
Small firms may not be SA’s saviours WHAT do Clem Sunter and Julius Malema have in common? They share the policy goal of creating a million small businesses in South Africa. The arithmetic is seductive: by creating the businesses, jobs and new assets come into existence. If these outcomes were achieved, the results would...Continue reading
The Global Entrepreneurship Monitor (GEM) provides a basis for comparing entrepreneurial activity, aspirations and intentions globally. The chart below shows the Total early-stage Entrepreneurial Activity (TEA). TEA is defined as TEA = Percentage of 18-64 population who are either a nascent entrepreneur or owner-manager of a new business The data shows that there is...Continue reading
Short update on the Jobs Fund from the MTBPS...
Educational attainment is vital to addressing youth unemployment, yet remains peripheral to the debate on the youth subsidy. ...
Arguing that the the "ticking time bomb" metaphor may lull us into a sense of complacency with regards to youth unemployment. ...