As South Africa’s GDP is the largest, but with more unemployment than some countries with a lesser GDP and with more people. Who then is enjoying a bigger chunk of the GDP? It is foreign investors and elite locals.
The question could be, how then to liberate our GDP so that it’s enjoyed by a deeper percentage of the population.
One could say through intensifying affirmative action especially in the business sector. But that would be missing the point why we aren’t creating jobs. Read more
Thanks to our struggle heroes, today we can utter ‘us’ in reference to black, white, coloured, Indian and the other races that make South Africa.
Apartheid has done disfavour to the progress of South Africans, more especially to blacks. Undeniably, apartheid was about economics, favouring one race and brutalising others.
Post 1994, we have worked hard to achieve ‘us’ in reference to all races of South Africa. Social programmes and economic programmes were devised to rid the harm that apartheid and colonialism had endorsed.
Of importance in building South Africa is not only ‘bringing us together’ and affirmative empowerment, but mainly forward peering economic development models and innovations. Affirmative empowerment can’t thrive outside holistic economic growth. Black economic empowerment through government tenders should not, as it is, disrespect private South African economic growth. Read more
Whenever we talk of unemployment, we tend to miss what primarily runs economies and employs people: commercial products by those people called entrepreneurs.
These products then employ human skills. So therefore, for more unemployed human capital to be utilized in the economy, we need more and new entrepreneurs to introduce their product ideas. Economic products lead in controlling the employment of human skills.
The two major problems in South Africa in terms of creating employment Read more