Time for SA to adopt an entrepreneurial orientation strategy

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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

associated with the generation and exploitation of knowledge is critical for economic growth for both rich and poor countries.

But this is easier said than done as many large businesses that are the repositories of the countries’ human and financial capital base are risk-averse or are shifting funds offshore and cutting investment and innovation expenditures in SA. Moreover, with the dysfunctional, parasitic banking system seemingly focused on loan sharking, and a small venture capital sector, high-growth entrepreneurs struggle to access funding.

However, human capital is not merely education. So, the same applies to the healthcare system. Increasing access to quality healthcare has the potential to expand access to economic opportunities since healthier adults are better equipped to participate in the economy.

 

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