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Is South Africa serious about economic growth and job creation

June 21, 2014

South Africans and South Africa’s regional startup ecosystems, as well its business fraternity need to be more open to collaboration, and peer support, if we want to grow the economy:

When you travel to countries like Israel, which is the self title Startup Nation, you are immediately drawn to how willing entrepreneurs, academics, government officials and the broader business support network is open to helping (with connections, coaching, advice, pointing a small business in the right direction). Something about that seems impossible in South Africa, but imagine if South Africans had the same approach to startups or small businesses.

The small business and startup journey is tough enough as it is, in country like South Africa (its fraught with red tape and problems with lack of funding), but the journey is made even harder because of the generally poor support network that hardly ever willing to help.

This country need to think more about how peer-to-peer support can improved that regions can collaborate on improving the country’s global competitiveness in strategic sectors, a good example here is tourism and how the regions have public spats that are damaging for the country’s attractiveness as a tourism destination, but this sort of behaviour is experienced in many other sectors.

South Africans need to place great emphasis on the bigger picture, namely that in successful countries, citizens share and collaborate on opportunities, challenges and obstacles.

As a country we need to build a cohesive ecosystem for collaboration that supersedes race, social/income status and single minded individualism. ‘Ubuntu’ needs to filter its way into our business thinking , where committed job creators are supported in their quest for global penetration and financial sustainability.

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From → Daily Thoughts

One Comment
  1. Well, you have said more than a mouthful. To add to what you are addressing, I think part of the problem is the lack of skills in various sectors of the economy.

    We actually are not faced with job creation and the lack thereof. Skills shortage plays a bigger role in the unemployement we face today.

    If more organisations can be incentivised to commit to skills development, more people will be employable and more startups will surface.

    Like

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