November month marks my 5th year of involvement in organised black business... ...after 5 years of grunt work, sweat capital and personal sacrifices, I feel Ive earned the right to give an educated view/ perspective of this space (and indirectly the SA economy). 1) Im not sure was has been more disappointing - a black government (executive) or a predominantly black parliament (policy) or the much hyped black middle class (Policy making power is undermined by corruption, poor consultation/ engagement, lack of research, government incompetence/ inefficiency and most importantly limited economic knowledge amongst blacks) 2) when the media in SA showcases Entrepreneurial success, we never get to see anyone self-made...we are show recycled stories of a long line of tenderpreneurs that trace their success to consistent political patronage (Our government want to produce black industrialists by make a call for applications- Eish, what a laugh) 3) during the first or second quarter of 2015, its been estimated that the black middle class will be more than the entire white population in South Africa...I am not sure if this is worth celebrating, because the black middle class is yet to make its make on this countrys economy or any other space where it competes on merit. (8 out of every 10 people in SA are black Africans) 4) in its many years of existence, organised black business continues not produce research that speaks to a business case for sustainable black entrepreneurship. What continues to happen is request for more handouts, set asides and meetings about meetings. I could go on for longer, but choose to let sleeping dogs lie. The bottomline is that organised black business (like the black middle class) is under resourced: under funded, incapacitated and under prepared to transform the economy. Quite frankly it is not ready to share the economy, let alone to lead it. #KasiEconomics
Posted on: Sat, 25 Oct 2014 11:08:45 +0000
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