Time for SA to adopt an entrepreneurial orientation strategy
All the funding and risk-taking in the world may not be enough if South Africans lack the basic foundations in education to set them up to be successful
When SA attained independence in 1994 euphoria swept across the country and expectations were high. The democratic order that was ushered in was expected to create stability and jobs and eradicate poverty and inequality. It was meant to mark the end of socioeconomic and political injustice. But as is all too clear today, this has failed to materialise.
Despite buoyant economic growth — averaging almost 4% between 1994 and 2007 — accompanied by prudent fiscal and monetary policy, inequality and poverty have got worse since 1994, and according to a 2018 World Bank report race still affects people’s ability to find a job...
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