This document summarizes research conducted on strategies to drive economic growth in South Africa. It finds that while some businesses feel they can play a greater role in growth, others think certain legislative changes are needed first. Key challenges to growth identified are skills shortages and labor laws. The research proposes five strategies for government and business: 1) implement South Africa's National Development Plan, 2) accelerate enterprise development, 3) promote customer-centered innovation, 4) commercialize state-owned enterprises, and 5) declare a state of emergency in education. These strategies require new partnership between business and government with a shared goal of increasing growth.
The document discusses ways to improve implementation of South Africa's National Development Plan (NDP) through a more agile and business-like approach. It calls for rigorous ongoing measurement of NDP progress, collaborative input from government and business, and for the Minister in the Presidency to announce three specific and measurable NDP-related action steps to Parliament that can be achieved in the current financial year. The NDP aims to reduce poverty and inequality by 2030 through collective effort, economic growth, skills development, improved government capability, and partnerships. However, it requires effective implementation and input from all sectors to realize its objectives.
ISS Risk Special Report Chinas challenge to the world economic order - Dece...Robbie Van Kampen
Now well into the second decade of the 21st century the world is witnessing the true extent of
China‟s economic, political, and growing military reach. This reach and integration into the
globalized world has been gradual, incremental, and quiet over the past three decades. In
the shadows, China has accelerated significantly in the past 10 years. What does this mean
for the established global order? This paper is a roadmap looking to join the dots on that
journey.
This document provides a summary of the outcomes of the National SMME Policy Colloquium held in October 2014 in Johannesburg. The colloquium brought together over 400 stakeholders to discuss challenges facing small businesses in South Africa and propose solutions. Key issues identified included regulatory burdens, lack of access to finance and markets. The colloquium proposed developing a national SMME master plan aligned with the National Development Plan to coordinate support for small businesses. It emphasized the need for collaboration between government, private sector and other stakeholders to improve the environment for small business growth and job creation. Follow up provincial engagements were proposed to further develop strategies and finalize a national master plan at a second colloquium in 2015.
The Report stresses that the while the
state of the region is generally healthy, the Asia-Pacific has to
overcome a number of challenges – especially improving both the
pace and quality of growth in the region.
The focus of this year’s report is on structural reform and inclusive
growth. [...]
Trevor Manuel is not worried about union opposition to the National Development Plan because:
1) The plan was developed through extensive research to identify South Africa's challenges and propose evidence-based solutions, setting it apart from previous policy approaches.
2) An evidence-based approach prioritizes monitoring and evaluating policies over time to test what interventions are working and what could work better, rather than relying on ideology.
3) This focus on empirical evidence and results is meant to build consensus across different stakeholders in South Africa, including unions, by focusing on what improves lives rather than political positions.
The Small Business Development Institute aims to create and support 300,000 small and medium enterprises (SMMEs) and cooperatives in townships and rural areas over 5 years. It will fulfill several roles like being a solutions provider, matchmaker, and thought leader. Youth unemployment is very high in South Africa, with over 5 million unemployed people and youth making up most of that. The SBDI proposes partnering with government to help meet national targets for supporting SMMEs. Key strategies include industrial supplier development programs, a R500 million supplier development fund, partnerships with corporations, and developing sectors like wholesale/retail, manufacturing, and more. The goal is facilitating the creation, development and scaling up of at least 300,000
Latin American Economic Outlook 2013 SME Policies for Structural ChangeWesley Schwalje
The Organisation for Economic Co-operation and Development’s Economic Commission for Latin America and the Caribbean cites Tahseen Consulting's research while discussing the impact of workforce skills gaps on small and medium enterprise development.
The document discusses ways to improve implementation of South Africa's National Development Plan (NDP) through a more agile and business-like approach. It calls for rigorous ongoing measurement of NDP progress, collaborative input from government and business, and for the Minister in the Presidency to announce three specific and measurable NDP-related action steps to Parliament that can be achieved in the current financial year. The NDP aims to reduce poverty and inequality by 2030 through collective effort, economic growth, skills development, improved government capability, and partnerships. However, it requires effective implementation and input from all sectors to realize its objectives.
ISS Risk Special Report Chinas challenge to the world economic order - Dece...Robbie Van Kampen
Now well into the second decade of the 21st century the world is witnessing the true extent of
China‟s economic, political, and growing military reach. This reach and integration into the
globalized world has been gradual, incremental, and quiet over the past three decades. In
the shadows, China has accelerated significantly in the past 10 years. What does this mean
for the established global order? This paper is a roadmap looking to join the dots on that
journey.
This document provides a summary of the outcomes of the National SMME Policy Colloquium held in October 2014 in Johannesburg. The colloquium brought together over 400 stakeholders to discuss challenges facing small businesses in South Africa and propose solutions. Key issues identified included regulatory burdens, lack of access to finance and markets. The colloquium proposed developing a national SMME master plan aligned with the National Development Plan to coordinate support for small businesses. It emphasized the need for collaboration between government, private sector and other stakeholders to improve the environment for small business growth and job creation. Follow up provincial engagements were proposed to further develop strategies and finalize a national master plan at a second colloquium in 2015.
The Report stresses that the while the
state of the region is generally healthy, the Asia-Pacific has to
overcome a number of challenges – especially improving both the
pace and quality of growth in the region.
The focus of this year’s report is on structural reform and inclusive
growth. [...]
Trevor Manuel is not worried about union opposition to the National Development Plan because:
1) The plan was developed through extensive research to identify South Africa's challenges and propose evidence-based solutions, setting it apart from previous policy approaches.
2) An evidence-based approach prioritizes monitoring and evaluating policies over time to test what interventions are working and what could work better, rather than relying on ideology.
3) This focus on empirical evidence and results is meant to build consensus across different stakeholders in South Africa, including unions, by focusing on what improves lives rather than political positions.
The Small Business Development Institute aims to create and support 300,000 small and medium enterprises (SMMEs) and cooperatives in townships and rural areas over 5 years. It will fulfill several roles like being a solutions provider, matchmaker, and thought leader. Youth unemployment is very high in South Africa, with over 5 million unemployed people and youth making up most of that. The SBDI proposes partnering with government to help meet national targets for supporting SMMEs. Key strategies include industrial supplier development programs, a R500 million supplier development fund, partnerships with corporations, and developing sectors like wholesale/retail, manufacturing, and more. The goal is facilitating the creation, development and scaling up of at least 300,000
Latin American Economic Outlook 2013 SME Policies for Structural ChangeWesley Schwalje
The Organisation for Economic Co-operation and Development’s Economic Commission for Latin America and the Caribbean cites Tahseen Consulting's research while discussing the impact of workforce skills gaps on small and medium enterprise development.
This document outlines a delivery agreement to achieve Outcome 4 of decent employment through inclusive growth in South Africa. It identifies key public sector partners and outlines 7 outputs needed to achieve the outcome. For each output, it describes new actions that will be taken to promote employment creation, increase decent jobs, stimulate inclusive growth, and diversify the economy. These include developing a developmental growth path, improving measurement of income distribution, ensuring a stable exchange rate, increasing private savings, coordinating monetary and fiscal policy, and implementing strategies to boost various industries and reduce youth unemployment. Progress will be monitored and the agreement reviewed annually.
This document discusses small and medium enterprises (SMEs) in Nigeria and Germany. It begins by providing background on the importance of SMEs for economic growth and development. It then notes challenges facing Nigerian SMEs, such as limited access to funds and lack of managerial capacity. The document aims to draw lessons from the success of German "Mittelstand" SMEs, which weathered the global economic crisis better than competitors. Key lessons for Nigerian SMEs include investing in human resources through vocational training, producing high-quality goods, investing in R&D, and providing after-sales services. For the government, lessons include improving infrastructure, creating an enabling business environment, and passing a
Asignment arifa-fiscal policy and its importanceArifa Dars
This document is a student assignment submitted by Arifa Dars to her professor Vishnu Mal Parmar on the topic of fiscal policy and its importance for the Pakistani economy. It contains the following key points:
1. It defines fiscal policy as the use of government spending and taxation to influence the economy, focusing on its effects on overall output and aggregate demand.
2. It discusses the microeconomic and macroeconomic objectives of fiscal policy in Pakistan, including income distribution, social services, investment in public goods, and maintaining stable prices, output, and the balance of payments.
3. It examines the functions of fiscal policy including allocation of funds, distribution of funds, stabilization of economic growth, and development through
A Conceptual Model of National Skills Formation for Knowledge-based Economic ...Wesley Schwalje
Nearly all of the countries in the Arab World have adopted development of a knowledge-based economy as a policy objective to meet economic, political, and social objectives. Policies aimed at catalyzing knowledge-based economies are highly related to job creation, economic integration, economic diversification, environmental sustainability, and social development. While the advantages of knowledge-based economic development have become clearer, so too have the challenges of implementing related policies. A Conceptual Model of National Skills Formation for Knowledge-based Economic Development in the Arab World, a new report by Tahseen Consulting, developed in collaboration with the Sheikh Saud bin Saqr Al Qasimi Foundation for Policy Research, provides a framework and best practices from the Gulf Cooperation Council for helping governments align skills formation policies with knowledge-based economic development.
National Skills Formation for Knowledge-based Economic Development
Beginning in the 1990s, there was a shift in the Arab World away from viewing education and training systems as solely suppliers of skills toward an emphasis on the relationship between governments, educational systems, labor markets, and firms to generate demand for skills. By adopting demand-driven, ecosystem approaches to skills formation, Arab governments can align education and training systems with high-growth sectors of industry for knowledge-based economic development and achievement of accompanying economic, political, and social objectives.
While many international models of skills formation promote an exclusively market based approach, several Arab countries view investment in human capital as a political and economic goal in which significant government intervention is warranted. Yet, many previous attempts at skills formation policy have failed to address persistent skills development problems and do not present a comprehensive strategy to develop the skills of the national workforce as a whole. Despite the need for countries to adopt demand-driven approaches to skills formation, many of the countries in the region have pursued policies with no clear link between key stakeholders and specific economic outcomes.
“The changing demands of knowledge-based economic development create a need for interdependence and collaborative networks for effective skills formation, said Wes Schwalje, Chief Operating Officer of Tahseen Consulting and author of the report. “The widespread regional pursuit of knowledge-based economic development is driven by policies that envision the emergence of high skill, high wage economies that will create jobs. However, the global availability and growth of low cost, high skill workers potentially threatens the viability and economic fundamentals of sophisticated, innovation-driven knowledge-based industries taking root in the region if skills formation challenges are not addressed.”
Skills for Prosperity? A review of OECD and Partner Country Skill StrategiesWesley Schwalje
The Centre for Learning and Life Chances in Knowledge Economies and Societies at the Institute of Education, University of London cited Tahseen Consulting's research on the governance of skills formation in knowledge-based economies as a potential model for more effective national education and skills formation strategies.
This report summarizes the findings and policy recommendations from discussions on building an inclusive, resilient and sustainable economy for Pakistan. It suggests short-term measures to maintain macroeconomic stability through prudent fiscal and monetary policies. Long-term recommendations include promoting inclusive growth through improving agricultural productivity, supporting manufacturing competitiveness, and fiscal and trade reforms. Specific policies are proposed to strengthen key sectors like energy, labour markets, women's empowerment, and tourism. The overall goal is an economy that achieves sustainable development and improves living standards.
Aec2013 report regional integration in africaDr Lendy Spires
This document summarizes the proceedings of the 2013 African Economic Conference on the topic of regional integration in Africa. The opening addresses highlighted progress in strengthening regional economic communities and eliminating internal trade barriers, but noted more work is needed to coordinate policies across countries and regions. Plenary discussions touched on challenges like infrastructure investment, skills development, agriculture, and free movement of people. Speakers emphasized that reducing barriers to trade, labor mobility, and cross-border infrastructure could promote inclusive growth and development across the continent.
The programme introduces the joint views of the two employee federations, SAK and STTK, on the basis of which Finland will be able to promote economic growth and create decent jobs. This will enhance the ability to finance the welfare state and to promote social cohesion in Finland.
Central Organisation of Finnish Trade Unions SAK and Finnish Confederation of Professionals STTK.
8th January 2013
Madam Speaker
In A Tale of Two Cities, Charles Dickens opens with:
“It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity… we were all going direct to Heaven, we were all going direct the other way...”
So too is the present time. As a country, we stand at a crossroads. We can choose a path of hope; or a path of despair. We can go directly to Heaven, or as Dickens so politely puts it, we can go the other way.
The document summarizes Thailand's economic outlook and reforms. It notes that Thailand's economy grew 3.2% in 2016, driven by investment and tourism. Key economic reforms include developing innovation and technology under the "Thailand 4.0" model to transition to a value-based economy. Major projects to support this include the Eastern Economic Corridor, which aims to attract $43 billion in investment to targeted industries, and Food Innopolis to support food innovation. The document outlines Thailand's focus on sustainable and inclusive growth based on Sufficiency Philosophy, as well as trade and investment promotion strategies.
An assessment of the constraints of implementing technological innovative ent...Alexander Decker
This study examined the constraints to implementing technological entrepreneurship development programs in Nigeria. A survey was conducted of 160 small business owners. The results showed that accessibility to the programs (28.1%) and finance (24.2%) were the major limiting factors. Lack of awareness was the least constraining factor at 3.8%. In general, the study concluded that accessibility and finance are the primary constraints hindering the implementation of entrepreneurial development programs in Nigeria.
This project proposal seeks to institutionalize transparent and accountable public financial management in Nigeria through participatory budgeting. Over a 5-year period, the proposal would partner Oxfam with the Nigerian Labour Congress to build capacity for participatory budgeting among civil society groups, media, and citizens at national and state levels. The goal is to empower these stakeholders to influence budget formulation, monitor spending, promote progressive revenue collection and pro-poor expenditure, ensure efficient implementation, and increase transparency and accountability in the budget process. This aims to contribute to reducing corruption and transforming Nigeria's budget system to better represent citizens' needs, especially the poor.
The document is a study by the Young Leaders Think Tank for Policy Alternatives on employment policies for Uganda from a youth perspective. It provides background on Uganda's employment situation, including high youth unemployment rates. It then analyzes causes of unemployment and consequences. The study recommends a multi-sectoral approach and policies to address underlying issues and provide skills training, entrepreneurship opportunities, and job creation for youth. Key policies discussed include the National Youth Policy, National Employment Policy, and National Development Plan. The document advocates for tax incentives for internships and jobs for youth as well as creation of national job centers.
In 2009, Business Leaders for Michigan (BLM)
released the Michigan Turnaround Plan, a plan
on how to make Michigan a Top Ten state for
job, economic and personal income growth.
The Plan was updated in 2012 to identify the
six most distinctive assets Michigan had which
could be leveraged to accelerate growth.
These assets include the state’s engineering
prowess, geographic location, and world-class
higher education institutions, among others.
The 2013 New Michigan Report is the first in
an annual series in which Michigan’s progress
in leveraging its assets into economic growth
will be tracked. Michigan’s performance on
various metrics will be charted over time, and
compared to the results achieved in other
high-performing states.
This document discusses opportunities for partnership between ASEAN and the Pacific Alliance. It notes that while trade in goods is limited by distance, there is potential in other areas like trade in services, investment, and capital markets. Specific sectors mentioned include construction, tourism, and digital services. Case studies of ongoing infrastructure projects in ASEAN countries like Iskandar Malaysia, MRT Jakarta, and Thailand's Eastern Economic Corridor are provided. The document concludes that ASEAN and the Pacific Alliance should further explore potential sectors for cooperation, especially using the "Bridge" concept in services.
Dr. Vaqar Ahmed, Joint Executive Director of the Sustainable Development Policy Institute, discusses Pakistan's economic challenges with BR Research. He says the new government's first priority will be preventing a currency crisis. While an IMF program is likely, the structural reforms required will be more stringent than previous programs. Dr. Ahmed believes trade diplomacy, including extending preferential trade agreements, will be Pakistan's best opportunity to increase exports in the next five years. He also stresses the need for improved federal-provincial coordination on issues impacting exports like taxation.
AACC Newsletter July - Robert V Afghanistan Trade Facilitation Article w- Je...Jeffrey Grieco
Afghanistan recently achieved accession to the World Trade Organization (WTO), which will help integrate its economy into regional markets. To fully realize the benefits, Afghanistan must now work on several economic initiatives, including compliance with WTO and World Customs Organization agreements to facilitate trade. The document recommends a six-track program for Afghanistan to build trade capacity and regional integration, focusing on areas like customs reform, establishing a national single window system using ICT, and creating joint border posts to streamline customs processes. Overall, the document outlines steps for Afghanistan to develop its trade systems and economy following WTO accession.
The document summarizes Chapter 5 of Malaysia's 10th Development Plan, which focuses on developing and retaining a first-world talent base. The plan aims to reform education, raise skills levels, and transform the labor market. It will revamp the education system to improve student outcomes, raise skills through technical/vocational training, and make the labor market more flexible while attracting top talent. The focus is on developing high quality teachers and skills to meet industry needs and transform Malaysia's economy and workforce.
This document provides a summary of SNL Financial and International Financial Reporting Standards. SNL Financial is a premier provider of financial data and analysis covering various industries such as banking, insurance, financial services, real estate, energy, and media & communications. The document discusses SNL's current industry coverage, products, and solutions. It also provides an overview of International Financial Reporting Standards (IFRS), including the key standards, adoption around the world, and advantages and disadvantages of conversion.
This document provides a monitoring and evaluation framework for the Economic Development Department of an unnamed city. It outlines the legislative and policy context for monitoring and evaluation in the local government. It describes the methodology used to develop the framework, which included a literature review, reviewing department documents, and consulting with staff. The framework is intended to establish common understanding of key monitoring and evaluation principles and provide the foundation for tracking the performance of the department and its projects in achieving their objectives. It outlines the planning, monitoring, evaluation, reporting, and feedback phases to put the framework into practice.
Myanmar's economy grew an estimated 6.5% in the 2012/13 fiscal year, outperforming projections, driven by accelerating reforms, rising exports and foreign investment. Gas exports and major foreign-funded projects in energy and infrastructure were key growth contributors. The government has invited global energy majors to develop Myanmar's large oil and gas resources through an offshore block auction. Mobile network licenses were awarded to Telenor and Ooredoo, boosting the telecom sector. With continued reforms and development across industries, Myanmar's economy has strong growth potential over the coming decade.
This document outlines a delivery agreement to achieve Outcome 4 of decent employment through inclusive growth in South Africa. It identifies key public sector partners and outlines 7 outputs needed to achieve the outcome. For each output, it describes new actions that will be taken to promote employment creation, increase decent jobs, stimulate inclusive growth, and diversify the economy. These include developing a developmental growth path, improving measurement of income distribution, ensuring a stable exchange rate, increasing private savings, coordinating monetary and fiscal policy, and implementing strategies to boost various industries and reduce youth unemployment. Progress will be monitored and the agreement reviewed annually.
This document discusses small and medium enterprises (SMEs) in Nigeria and Germany. It begins by providing background on the importance of SMEs for economic growth and development. It then notes challenges facing Nigerian SMEs, such as limited access to funds and lack of managerial capacity. The document aims to draw lessons from the success of German "Mittelstand" SMEs, which weathered the global economic crisis better than competitors. Key lessons for Nigerian SMEs include investing in human resources through vocational training, producing high-quality goods, investing in R&D, and providing after-sales services. For the government, lessons include improving infrastructure, creating an enabling business environment, and passing a
Asignment arifa-fiscal policy and its importanceArifa Dars
This document is a student assignment submitted by Arifa Dars to her professor Vishnu Mal Parmar on the topic of fiscal policy and its importance for the Pakistani economy. It contains the following key points:
1. It defines fiscal policy as the use of government spending and taxation to influence the economy, focusing on its effects on overall output and aggregate demand.
2. It discusses the microeconomic and macroeconomic objectives of fiscal policy in Pakistan, including income distribution, social services, investment in public goods, and maintaining stable prices, output, and the balance of payments.
3. It examines the functions of fiscal policy including allocation of funds, distribution of funds, stabilization of economic growth, and development through
A Conceptual Model of National Skills Formation for Knowledge-based Economic ...Wesley Schwalje
Nearly all of the countries in the Arab World have adopted development of a knowledge-based economy as a policy objective to meet economic, political, and social objectives. Policies aimed at catalyzing knowledge-based economies are highly related to job creation, economic integration, economic diversification, environmental sustainability, and social development. While the advantages of knowledge-based economic development have become clearer, so too have the challenges of implementing related policies. A Conceptual Model of National Skills Formation for Knowledge-based Economic Development in the Arab World, a new report by Tahseen Consulting, developed in collaboration with the Sheikh Saud bin Saqr Al Qasimi Foundation for Policy Research, provides a framework and best practices from the Gulf Cooperation Council for helping governments align skills formation policies with knowledge-based economic development.
National Skills Formation for Knowledge-based Economic Development
Beginning in the 1990s, there was a shift in the Arab World away from viewing education and training systems as solely suppliers of skills toward an emphasis on the relationship between governments, educational systems, labor markets, and firms to generate demand for skills. By adopting demand-driven, ecosystem approaches to skills formation, Arab governments can align education and training systems with high-growth sectors of industry for knowledge-based economic development and achievement of accompanying economic, political, and social objectives.
While many international models of skills formation promote an exclusively market based approach, several Arab countries view investment in human capital as a political and economic goal in which significant government intervention is warranted. Yet, many previous attempts at skills formation policy have failed to address persistent skills development problems and do not present a comprehensive strategy to develop the skills of the national workforce as a whole. Despite the need for countries to adopt demand-driven approaches to skills formation, many of the countries in the region have pursued policies with no clear link between key stakeholders and specific economic outcomes.
“The changing demands of knowledge-based economic development create a need for interdependence and collaborative networks for effective skills formation, said Wes Schwalje, Chief Operating Officer of Tahseen Consulting and author of the report. “The widespread regional pursuit of knowledge-based economic development is driven by policies that envision the emergence of high skill, high wage economies that will create jobs. However, the global availability and growth of low cost, high skill workers potentially threatens the viability and economic fundamentals of sophisticated, innovation-driven knowledge-based industries taking root in the region if skills formation challenges are not addressed.”
Skills for Prosperity? A review of OECD and Partner Country Skill StrategiesWesley Schwalje
The Centre for Learning and Life Chances in Knowledge Economies and Societies at the Institute of Education, University of London cited Tahseen Consulting's research on the governance of skills formation in knowledge-based economies as a potential model for more effective national education and skills formation strategies.
This report summarizes the findings and policy recommendations from discussions on building an inclusive, resilient and sustainable economy for Pakistan. It suggests short-term measures to maintain macroeconomic stability through prudent fiscal and monetary policies. Long-term recommendations include promoting inclusive growth through improving agricultural productivity, supporting manufacturing competitiveness, and fiscal and trade reforms. Specific policies are proposed to strengthen key sectors like energy, labour markets, women's empowerment, and tourism. The overall goal is an economy that achieves sustainable development and improves living standards.
Aec2013 report regional integration in africaDr Lendy Spires
This document summarizes the proceedings of the 2013 African Economic Conference on the topic of regional integration in Africa. The opening addresses highlighted progress in strengthening regional economic communities and eliminating internal trade barriers, but noted more work is needed to coordinate policies across countries and regions. Plenary discussions touched on challenges like infrastructure investment, skills development, agriculture, and free movement of people. Speakers emphasized that reducing barriers to trade, labor mobility, and cross-border infrastructure could promote inclusive growth and development across the continent.
The programme introduces the joint views of the two employee federations, SAK and STTK, on the basis of which Finland will be able to promote economic growth and create decent jobs. This will enhance the ability to finance the welfare state and to promote social cohesion in Finland.
Central Organisation of Finnish Trade Unions SAK and Finnish Confederation of Professionals STTK.
8th January 2013
Madam Speaker
In A Tale of Two Cities, Charles Dickens opens with:
“It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity… we were all going direct to Heaven, we were all going direct the other way...”
So too is the present time. As a country, we stand at a crossroads. We can choose a path of hope; or a path of despair. We can go directly to Heaven, or as Dickens so politely puts it, we can go the other way.
The document summarizes Thailand's economic outlook and reforms. It notes that Thailand's economy grew 3.2% in 2016, driven by investment and tourism. Key economic reforms include developing innovation and technology under the "Thailand 4.0" model to transition to a value-based economy. Major projects to support this include the Eastern Economic Corridor, which aims to attract $43 billion in investment to targeted industries, and Food Innopolis to support food innovation. The document outlines Thailand's focus on sustainable and inclusive growth based on Sufficiency Philosophy, as well as trade and investment promotion strategies.
An assessment of the constraints of implementing technological innovative ent...Alexander Decker
This study examined the constraints to implementing technological entrepreneurship development programs in Nigeria. A survey was conducted of 160 small business owners. The results showed that accessibility to the programs (28.1%) and finance (24.2%) were the major limiting factors. Lack of awareness was the least constraining factor at 3.8%. In general, the study concluded that accessibility and finance are the primary constraints hindering the implementation of entrepreneurial development programs in Nigeria.
This project proposal seeks to institutionalize transparent and accountable public financial management in Nigeria through participatory budgeting. Over a 5-year period, the proposal would partner Oxfam with the Nigerian Labour Congress to build capacity for participatory budgeting among civil society groups, media, and citizens at national and state levels. The goal is to empower these stakeholders to influence budget formulation, monitor spending, promote progressive revenue collection and pro-poor expenditure, ensure efficient implementation, and increase transparency and accountability in the budget process. This aims to contribute to reducing corruption and transforming Nigeria's budget system to better represent citizens' needs, especially the poor.
The document is a study by the Young Leaders Think Tank for Policy Alternatives on employment policies for Uganda from a youth perspective. It provides background on Uganda's employment situation, including high youth unemployment rates. It then analyzes causes of unemployment and consequences. The study recommends a multi-sectoral approach and policies to address underlying issues and provide skills training, entrepreneurship opportunities, and job creation for youth. Key policies discussed include the National Youth Policy, National Employment Policy, and National Development Plan. The document advocates for tax incentives for internships and jobs for youth as well as creation of national job centers.
In 2009, Business Leaders for Michigan (BLM)
released the Michigan Turnaround Plan, a plan
on how to make Michigan a Top Ten state for
job, economic and personal income growth.
The Plan was updated in 2012 to identify the
six most distinctive assets Michigan had which
could be leveraged to accelerate growth.
These assets include the state’s engineering
prowess, geographic location, and world-class
higher education institutions, among others.
The 2013 New Michigan Report is the first in
an annual series in which Michigan’s progress
in leveraging its assets into economic growth
will be tracked. Michigan’s performance on
various metrics will be charted over time, and
compared to the results achieved in other
high-performing states.
This document discusses opportunities for partnership between ASEAN and the Pacific Alliance. It notes that while trade in goods is limited by distance, there is potential in other areas like trade in services, investment, and capital markets. Specific sectors mentioned include construction, tourism, and digital services. Case studies of ongoing infrastructure projects in ASEAN countries like Iskandar Malaysia, MRT Jakarta, and Thailand's Eastern Economic Corridor are provided. The document concludes that ASEAN and the Pacific Alliance should further explore potential sectors for cooperation, especially using the "Bridge" concept in services.
Dr. Vaqar Ahmed, Joint Executive Director of the Sustainable Development Policy Institute, discusses Pakistan's economic challenges with BR Research. He says the new government's first priority will be preventing a currency crisis. While an IMF program is likely, the structural reforms required will be more stringent than previous programs. Dr. Ahmed believes trade diplomacy, including extending preferential trade agreements, will be Pakistan's best opportunity to increase exports in the next five years. He also stresses the need for improved federal-provincial coordination on issues impacting exports like taxation.
AACC Newsletter July - Robert V Afghanistan Trade Facilitation Article w- Je...Jeffrey Grieco
Afghanistan recently achieved accession to the World Trade Organization (WTO), which will help integrate its economy into regional markets. To fully realize the benefits, Afghanistan must now work on several economic initiatives, including compliance with WTO and World Customs Organization agreements to facilitate trade. The document recommends a six-track program for Afghanistan to build trade capacity and regional integration, focusing on areas like customs reform, establishing a national single window system using ICT, and creating joint border posts to streamline customs processes. Overall, the document outlines steps for Afghanistan to develop its trade systems and economy following WTO accession.
The document summarizes Chapter 5 of Malaysia's 10th Development Plan, which focuses on developing and retaining a first-world talent base. The plan aims to reform education, raise skills levels, and transform the labor market. It will revamp the education system to improve student outcomes, raise skills through technical/vocational training, and make the labor market more flexible while attracting top talent. The focus is on developing high quality teachers and skills to meet industry needs and transform Malaysia's economy and workforce.
This document provides a summary of SNL Financial and International Financial Reporting Standards. SNL Financial is a premier provider of financial data and analysis covering various industries such as banking, insurance, financial services, real estate, energy, and media & communications. The document discusses SNL's current industry coverage, products, and solutions. It also provides an overview of International Financial Reporting Standards (IFRS), including the key standards, adoption around the world, and advantages and disadvantages of conversion.
This document provides a monitoring and evaluation framework for the Economic Development Department of an unnamed city. It outlines the legislative and policy context for monitoring and evaluation in the local government. It describes the methodology used to develop the framework, which included a literature review, reviewing department documents, and consulting with staff. The framework is intended to establish common understanding of key monitoring and evaluation principles and provide the foundation for tracking the performance of the department and its projects in achieving their objectives. It outlines the planning, monitoring, evaluation, reporting, and feedback phases to put the framework into practice.
Myanmar's economy grew an estimated 6.5% in the 2012/13 fiscal year, outperforming projections, driven by accelerating reforms, rising exports and foreign investment. Gas exports and major foreign-funded projects in energy and infrastructure were key growth contributors. The government has invited global energy majors to develop Myanmar's large oil and gas resources through an offshore block auction. Mobile network licenses were awarded to Telenor and Ooredoo, boosting the telecom sector. With continued reforms and development across industries, Myanmar's economy has strong growth potential over the coming decade.
Directory of DCFTA-related support programmes and projectsDCFTAProject_2014
„Compendiul programelor și proiectelor de sprijin în implementarea DCFTA în Republica Moldova” a fost conceput pentru a sprijini procesul de implementare DCFTA și pentru o mai bună coordonare a donatorilor. Compendiul poate fi folosit și ca un instrument util pentru a maximiza sinergiile și complementaritățile între donatori și minimiza în timp zonele de suprapunere a domeniilor acoperite de DCFTA.
This document provides an overview of the informal economy in developing countries based on a fact-finding study commissioned by SIDA. Some key points:
- The informal economy can no longer be considered temporary and has a fixed character in countries with inequitable income/asset distribution. It continues growing in most developing countries even with economic growth.
- Self-employment comprises a greater share of informal employment than wage employment, representing 70% of informal employment in Sub-Saharan Africa.
- The informal economy has significant potential for job creation and economic growth. Appropriate policy frameworks and strategies are needed to support informal economy actors without hampering this potential.
- SIDA should increase its understanding of the informal economy
The document is the 2012-2013 annual report of the National Economic Development and Labour Council (NEDLAC). It provides an overview of NEDLAC's strategic goals and activities over the past year, which included upgrading its capacity, promoting more effective engagement between social partners to address unemployment, poverty, and inequality, and strengthening social dialogue. The report details NEDLAC's mandate, governance structure, financial performance, and achievements in its focus areas of development, labour market, public finance and monetary policy, and trade and industry. Messages from the leadership of NEDLAC's constituent partner groups emphasize continuing its work to find solutions to South Africa's socioeconomic challenges through cooperation.
Ugandas Employment Challenge_Evaluation of Government Strategy (5)Peter Richens
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2. 2 Activate Growth.co.za
South Africa is stuck
in a low growth trap.
”
“– Minister Nhlanhla Nene - 25 July 2015
The time has come
to stop hoping things
will get better and
adopt a revolutionary
new strategy: actually
making them better.
”
“
– Tim Cohen, Financial Mail - 10 September 2015
3. Activate Growth.co.za 3
TABLE OF FIGURES
Figure 1: South Africa’s GDP growth rate over the last 5 years................................................................................5
Figure 2: Industry growth rates for the 1st
quarter of 2015.........................................................................................6
Figure 3: Growth experienced by the surveyed SME businesses over the past 12 months..................................7
Figure 4: Steps towards dealing with barriers to growth...........................................................................................9
Figure 5: Can South Africa’s businesses play a greater role in driving economic growth?.................................10
Figure 6: Would South Africa benefit from a coalition between government, business and trade unions?.......11
Figure 7: Government, business and trade unions working together as the key to economic growth...............12
Figure 8: The entrepreneurial small business sector as the key to economic growth.........................................14
Figure 9: Innovation in South Africa as the key to unlocking economic growth...................................................16
Figure 10: Secondary research methodology...........................................................................................................21
TABLE OF CONTENTS
1. Executive summary.................................................................................................................................. 4
2. Setting the context.................................................................................................................................... 5
3. Research findings..................................................................................................................................... 7
3.1. Business growth within the current economic climate......................................................................... 7
3.2. Strategies for driving business growth................................................................................................... 8
3.3. Business believes our growth rates does not reflect our ability......................................................... 10
3.4. Five strategies proposed towards driving economic growth.............................................................. 11
3.4.1. Implement the National Development Plan, “Just Do It” – South Africa’s business, trade
union and government growth imperative............................................................................................ 11
3.4.2. Accelerate Enterprise Development ..................................................................................................... 14
3.4.3. Customer-centred innovation................................................................................................................ 15
3.4.4. Commercialise State Owned Enterprises.............................................................................................. 17
3.4.5. Declare a State of Emergency in Education.......................................................................................... 18
4. Conclusion.............................................................................................................................................. 20
5. Appendix.................................................................................................................................................. 20
5.1. Background and methodology............................................................................................................... 20
6. Acronyms................................................................................................................................................ 30
7. Bibliography............................................................................................................................................ 31
4. 4 Activate Growth.co.za
1. Executive summary
President Zuma, recently declared that while South
Africa’s economy, like many others around the world,
was struggling to recover from the 2008 global
financial crisis, it was wrong to assume that everything
was “doom and gloom.”
Some commentators have been quick to take issue
with the President citing government failings, rampant
corruption and policy blunders that have undermined
South Africa’s growth imperative. As this report goes
to press, the spectre of a recession in South Africa is
sinking in and the denial by our political leaders is in
retreat.
That said, IQ Business was intrigued to get beyond the
political posturing and debate to properly understand
what South African businesses and business
leaders felt about generating economic growth. And,
importantly, what the respective responsibilities of
business and the government would be to achieve that
growth.
While 40% of respondents maintained that businesses
themselves could only contribute towards generating
growth if certain things like specific legislation change
first – a notable 42% were adamant that businesses
can play a much greater role in driving economic
growth - irrespective of the prevailing economic and
political conditions.
These sentiments, however, did not blind them to
the very real problems and challenges we face: skills
shortages and labour law constraints were cited most
often as factors that limit growth.
The research study comprised qualitative research
amongst CEO’s and Managing Directors of large
business as well as a survey with small and medium
sized enterprises (SMEs).
Five specific actions emerged from the research for
both government and business to deliver on in order to
achieve economic growth:
1. Implementation of the National Development
Plan -
Government must be held accountable for
implementing their own plan and be publically
challenged, by business leaders, when it veers off
course.
Business must accept that the Plan requires
action and commitment from business and these
must be measured, managed and accounted for.
2. Accelerate Enterprise Development –
Government must set up teams and processes to
identify and systematically remove red tape that
impedes growth.
Business must invest in SMEs, procure from them
and mentor them.
3. Customer-centred Innovation –
Government must incentivise innovators with tax
breaks whilst also providing support and protection
for new intellectual property.
Business needs a new mind-set towards
innovation – they must be much more agile,
iterative and open towards adopting new
techniques.
4. Commercialise State Owned Enterprises –
Government must acknowledge that Business
is better at the commercial aspects of any
undertaking and that these skills and services can
be leveraged to deliver Government’s services
better and more cost effectively.
Business, in turn, must be available to work as a
strategic partner with Government – and to actively
transfer knowledge and skills.
5. Declare a State of Emergency in Education
Government needs to do whatever it takes to
improve education: holding Principals to account
for school’s performance, ensuring teachers are
actually teaching and that literacy and numeracy is
prioritised. Government must also actively attract
non-South African skilled talent into the country.
Business must realise that it isn’t enough to
bemoan the poor state of young people emerging
from our education system. They must go upstream
and contribute towards ensuring better outcomes
such as supporting school-to-work transition and a
commitment to high-quality work-based learning.
These five actions require a new partnership between
business and government with a shared imperative to
drive growth. Each of the actions is explored further in
this report.
5. Activate Growth.co.za 5
GDPyoygrowthrate(%)
3.0%
3.2%
2.2% 2.2%
1.5%
2010 2011 2012 2013 2014
Figure 1: South Africa’s GDP growth rate over the last 5 years
2. Setting the context
South Africa’s economic growth has been sluggish
over the past five years following the global financial
crisis of 2008-2009. Although the country is richly
endowed with natural resources such as platinum and
gold; factors such as labour unrest, wildcat strikes
in the mining, energy, transport and farming sectors,
labour market rigidities and skills shortages amongst
others, have been identified as factors that impede the
country’s economic growth (The Heritage Foundation,
2015). The slow growth has also weakened the
relationship between South Africa and its main trading
partners, specifically the European Union and China
(AfDB, OECD, UNDP, 2014).
In addition to slow economic growth, South Africa-
destined foreign direct investment (FDI) has declined
steadily between 2011 and 2014. FDI project numbers
fell 3.59% between 2011 and 2012, 5.59% between
2012 and 2013, and 20.4% between 2013 and 2014. A
similar decline was recorded in capital expenditure in
South Africa, with $10.85bn in 2011 falling to $3.83bn
in 2014 (Porter, 2015).
The EY attractiveness survey of 2014 confirms
the shift in FDI from South Africa into other African
countries. According to the survey Kenya, Ghana,
Mozambique, Zambia and Uganda were the only
African countries that saw an increase in FDI projects
from 2012 to 2013 (out of the top 10 FDI in investment
destination countries). Ghana had a 49% increase in
projects from 2012 to 2013 (EY, 2014).
Rwanda offers an interesting comparative case when
one considers that they emerged from a dark point
in their history, the Rwandan genocide, in 1994.
South Africa and Rwanda therefore have had the
same number of years since a “new beginning”. Yet
for years, Rwanda’s impressive GDP growth – often
approximately 8% – has made economists sit up and
take notice, while South Africa has performed ever
more poorly.
In an effort to improve the country’s economic growth,
government outlined doubling the GDP, eradicating
poverty and reducing inequality by 2030 as its main
strategic goals in the National Development Plan
(NDP) 2030 vision (Brand South Africa, 2014).
Government has adopted the “Big Fast Results”
methodology, a methodology successfully applied by
Malaysia to fast-track the delivery of priorities defined
in the country’s National Development Plan (Brand
South Africa, 2014). It is envisaged that the “Big
Fast Results” methodology, referred to as Operation
Phakisa in South Africa, will involve bringing key
stakeholders together in workshops for thorough
planning at a practical and detailed level; setting
targets which are made public; rigorously monitoring
progress with implementation; and sharing the results
with the public (Brand South Africa, 2014).
South Africa’s GDP annual growth rate continued
to drop after the 2008-2009 global financial crisis.
As predicted by the World Bank in 2013, Real GDP
growth continued to flatten and it slowed from 1.9%
in 2013 to 1.5% in 2014 (World Bank, 2014). The
drop in Real GDP growth is attributed to protracted
labour unrest and electricity supply constraints. The
slowdown has intensified high unemployment and
external vulnerabilities, pushing up unemployment
to 26.4% in quarter 2 of 2015 (which only takes into
account the number of people actively looking for a
job). Figure 1 shows that South Africa’s GDP growth
rate declined by 1 percentage point and remained
constant at 2.2% in 2013, followed by a further decline
of 0.7 percentage points. (The World Bank, 2015).
6. 6 Activate Growth.co.za
Figure 2 shows the quarter-to-quarter comparison of the South African economy for the first two quarters of 2015
(Statistics South Africa, 2015). South Africa’s economy contracted by 1.3% (seasonally adjusted and annualised) in
the second quarter of 2015, according to preliminary estimates of real gross domestic product (GDP) released by
Stats SA.
The sectors wherein labour unrest impacted the most were the manufacturing, mining and agricultural sectors.
In the agricultural sector, wildcat strikes early in 2013 caused growth to collapse from 4% in 2012 to just 1.4% in
2013. While the agricultural sector expanded again by 5.6% in 2014, it has shown the largest fall in activity in 2015,
contracting by 17.4% quarter-on-quarter with warnings that South Africa is currently experiencing its worst drought
since 1992 (Statistics South Africa, 2015).
The mining industry contracted by 6.8% quarter-on-quarter, mainly as a result of lower production in the mining of
coal and iron ore. In 2014 a 5-month strike in the platinum sector had dragged mining down for two consecutive
quarters.
Manufacturing activity declined by 6.3% quarter-on-quarter mainly as a result of decreases in two manufacturing
divisions, namely basic iron and steel, non-ferrous metal products, metal products and machinery; and petroleum,
chemical products, rubber and plastic products. An example of how labour unrest has impacted the manufacturing
sector comes from the automobile sector strikes of August and September 2013, which resulted in a 75% quarterly
fall in vehicle production and a 6.6% quarterly fall in total manufacturing output.
In his State of the Economy address at the Union Buildings in Pretoria on 12 August 2015, the President announced
changes in the economic growth set to be achieved by 2019. He proposed a downward revision from 5% to 3%.
The planned strategy is to grow the economy through inward growth opportunities such as the revitalisation of the
agricultural sector and mineral beneficiation; the creation of black industrialists; increased focus on small business
potential; the ocean economy and resolving problems in the energy sector. Critics have argued that the proposed
strategy is not something new and that it is unlikely to succeed. It has also been argued that government places too
much power in the hands of an increasingly parasitic and incompetent state. Government has also been accused of
holding the private sector back from growing the economy and creating jobs. Critics propose that government should
rather focus on boosting the small business sector by removing red tape and barriers to market entry (MSM news,
2015).
Figure 2: Industry growth rates for the 1st
quarter of 2015
7. Activate Growth.co.za 7
3. Research findings
3.1. Business growth within the current economic climate
In the growth rates of business surveyed, Figure 3 demonstrates that 55% of SMEs generated growth
above inflation, leaving a rather large percentage (45%) of SMEs who, by failing to grow above inflation, are
effectively shrinking. 30% of these SME’s experienced flat or negative growth.
Some businesses are however still finding the opportunities to outperform; there are approximately 20% of
SMEs who generated business growth in excess of 20% (referred to as the Top 20% over 20%).
Mining
3%
5%
13%
18%
15%
2%
4%
8%
17%
Growth experienced by the surveyed SME businesses over the past 12 months
Percentage of
SME businesses
8%
3%
1%
1%
2%
51% +
31% to 50%
21% to 30%
16% to 20%
11% to 15%
6% to 10%
1% to 5%
0%
-6% to -10%
-11% to -15%
16% to -20%
-21% to -30%
-31% to -50%
-51% +
%Growthcategory
%Growthcategory
Figure 3: Growth experienced by the surveyed SME businesses over the past 12 months
Micro businesses are the most positive about achieving better growth in the coming year (42% expect more
growth). Small businesses were more likely to estimate that their growth would remain constant, while medium
sized businesses are more reserved, and actually consider that they might see less growth in the coming year
(41% would see less growth). This clear trend in growth expectation for the coming year can be extrapolated
to large business, and interviews with CEOs and Managing Directors of some of the largest businesses
in South Africa confirms the uncertainty of continued positive growth over the next 12 months due to the
country’s current economic status.
The size of a business is related to the number of employees as well as turnover and therefore medium and
large businesses especially would be affected by the claimed limitations imposed on growth of legislation such
as BEE and other labour laws, as well as the negative effects of trade unions and a fall in consumer spending.
8. 8 Activate Growth.co.za
A 2013 article published in the Business Day
points out that micro-enterprises - companies
with a turnover of R10m or less - will be exempt
and immediately qualify for level 4 on the new
BEE codes. Companies wishing to do business
with the government, whose clients do business
with the government or are under government
regulation, aspire to at least a level 4 on the
eight-rung scorecard. While small companies
with a turnover of between R10m and R50m
will have a harder time of it, unless they are
100% black-owned.
Business is also challenged by other labour
laws such as the Labour Relations Act (LRA)
and the Basic Conditions of Employment Act
(BCEA). The LRA aims at the promotion of
economic development, social justice, labour
peace and democracy in the workplace, which
is achieved by regulating the organisational
rights of trade unions, as well as promoting
and facilitating collective bargaining at the
workplace and at a sectoral level (Haroon
Bhorat etal, 2014). The BCEA on the other
hand provides for minimum working conditions
regarding matters such as work hours, over-
time payment, annual leave and sick leave
(Haroon Bhorat etal, 2014).
The SMEs surveyed in our study feel that trade
union power should be minimised as it has a
negative impact on business. Strikes are known
to lead to reduced productivity and therefore
decreased profitability.
Business is also challenged by issues
pertaining to the lack of a clear probation
period for new employees and limited rights
of recourse to dismiss employees who do not
meet expectations during the probationary
period; as well as onerous dismissal protection
for executives and high earning employees
(Soko and Balchin, 2014).
Soko and Balchin, (2014) also note the crisis
in collective bargaining as another challenge
affecting business. They argue that the
dominance of centralised bargaining in South
Africa favours large employers, institutionalises
the power of trade unions and results in
greater incidence of fixed wages across
sectors. They also argue that the key problem
with centralised bargaining is that it does
not effectively recognise differences across
enterprises. According to Soko and Balchin,
(2014) centralised bargaining also restrains
wage levels in certain sectors – with financially
stronger employers only required to pay the
modest wage increases that can be afforded
by smaller or weaker enterprises, while the
weakest enterprises face the prospect of being
squeezed out because they cannot afford
the increases in wages that the majority of
enterprises in the sector are prepared to pay.
The two laws have also had a major impact on
South African business. According to an article
recently published in The New Age, South
African labour laws are the most restrictive
compared to other countries. Loane Sharp,
a labour economist at Adcorp, also notes
that over the past three years the sovereign
rating agencies that evaluate South Africa’s
creditworthiness, particularly Standard &
Poor’s and Moody’s and Fitch, have pointed to
labour laws as one of the biggest barriers for
investing in South Africa because of their effect
on unemployment (Loane Sharp, 2015). Loane
Sharp, (2015) further states that according
to the report, South Africa scores the lowest
among 144 countries in the world in terms
of labour/employer conflict (absolute worst),
hiring and firing practices (2nd worst), wage
inflexibility (5th worst) and productivity
(11th worst).
The most recent labour law changes that affect
businesses include the changes to Section 198
of the Labour Relations Act, which stipulates
that from 1 April 2015 employers are required
by law to appoint temporary workers as
permanent employees, following a three month
continuous working period. Businesses that
have been operating for less than two years
with under 50 employees and employers with
fewer than 10 employees, regardless of how
long they have been operating, are exempt
from these new provisions (Bugan, 2014).
Shaun Liebenberg, CEO of IQ Capital, feels
that business must be willing to take a risk
in playing a role in driving economic growth,
regardless of labour law and other challenges
they face.
3.2. Strategies for driving business growth
Businesses are faced with a number
of challenges from the macroeconomic
environment in which they operate. Most of
these challenges or barriers to growth, fall
outside the direct control of the individual
business. The SME cannot directly influence
what they perceive to be restrictive government
legislation, the stability of the Rand or foreign
direct investment. Yet business can and do
adopt strategies to deal with business barriers.
9. Activate Growth.co.za 9
While some challenges are easier to address than others, our research has shown that many businesses are
positively responding to these challenges. One of the main barriers cited by respondents include reduced
customer spending. Improving business models and cost structures, aggressive marketing or new market
positioning are examples of strategies which businesses are adopting to become “lean” and to make the most
of available consumer spend.
Load shedding affects both SMEs and large business, yet investment in generators and alternative power can
serve to mitigate the risk to growth. Robbie Brozin, the Founder and CEO of Nando’s, confirms the negative
effect of load shedding on their restaurants and the positive step taken of investing in generators. While
this has been an expensive investment, it has been worth their while. Although difficult to isolate, some of
Nando’s exceptional growth could be attributed to their ability to continue operating during load shedding,
when other restaurants are in the dark.
SMEs rated a lack of skilled employees as a medium sized barrier, and one which appears to be more within
the control of business to address themselves. Businesses are stepping in to train employees and even their
families to create in-house skills. Micro and Small business have less of a requirement for formal qualifications
and are well suited to delivering skills-based training themselves. Larger business is also stepping up to the
challenge of skills improvement. Nando’s, as a case in point, is putting “a huge amount of time and effort in
youth unemployment”. Brozin confirms that it is Nando’s strategic intent to invest in a youth development
and incubation programme over the next couple of years. This is being achieved through a combination of
in-house initiatives and partnerships with organisations like Harambee, a not-for-profit enterprise, with their
joint focus on youth unemployment. Harambee sources, trains and places unemployed young people from
disadvantaged backgrounds into first-time jobs.
Figure 4: Steps towards dealing with barriers to growth
"Own generator installed.
Working very hard
on client retention
and expansion.
Keeping pricing as
tight as possible.”
"We attempt to take
unskilled employees
and train them and
in-house grow their
skills potential.”
"Cut costs
as much as possible
and provide great
customer service.”
"Be more aggressive
in the market place,
invest in more stock
and reduce margins.”
"Keep operations
small.”
"Our hands are tied
thus limiting us to
overcome these
barriers.”
"Go North and
wait for the state
to come to its
senses.”
Educate and train employees
and their families
Improve business strategy
Give up on tackling barriers
to grow
10. 10 Activate Growth.co.za
Figure 4 shows that some businesses might not be taking positive steps that could result in growth, yet are
still adopting strategies to mitigate their risks or losses. Some are, for example, keeping operations small for
the time being. It also proves that there is a percentage of businesses who do not have the vision or ability to
adopt strategies to overcome the challenges.
While there is a tendency to hope for growth, there is also a need for business mentors and coaches who
focus on lifting the moral of business owners and working with them on pro-active strategies to overcome
or mitigate the barriers to individual business growth. A combination of positive sentiment, taking action and
ensuring results were referenced by growth companies from their input to this research report.
Many of the strategies highlighted in the survey as well as those discussed above, do focus on what is more
within the direct control of business to change. Tony Leon, Executive Chairman of Resolve Communications
feels that business should indeed be more aggressive in trying to affect changes in government legislation. He
believes that business should engage government sooner around legislation that might affect them, and play
an active role rather than a passive one. He believes that government does not hold all the aces and business
has a huge impact on the decisions being made.
3.3. Business believes our growth rates does not reflect our ability
Despite the challenges to individual business growth highlighted in the previous section, the study found that
business remains reflective about the country’s growth potential. Although the ideal growth rate of 7 - 8% is
considered to be unrealistic by leaders of large business, and even 5% unlikely given the current situation,
there is a prevailing feeling that the 2% achieved in 2014 is declining below 1.5%.
Businesses are willing and open to playing a greater role in the future growth of the economy. A large
percentage, 42% of businesses surveyed, believe that they can drive higher economic growth even within
the current macro-economic environment. A further 49% are also willing to play a role, but would require the
assistance and partnership of government to enable them to play the needed role.
Do you feel that there is a greater role business can play in driving economic growth?
42%
40%
9%
7%
1%
Yes definitely, business can play a much greater role in driving economic growth
Possibly, only if certain things change first, for example, specific legislation
Possibly in a real partnership with government
Possibly, although I am not completely sure how this would work
No, it’s mainly the responsibility of government
to drive growth.
Figure 5: Can South Africa’s businesses play a greater role in driving economic growth?
Micro and small businesses tend to be more unreservedly positive about the role of business in driving
economic growth, while medium sized businesses tend to want to see certain changes before they feel that
they could play the needed part in driving economic growth.
11. Activate Growth.co.za 11
Would South Africa benefit from a coalition between government, business and trade unions?
38%
26%
15%
12%
9%
Yes, SA would benefit but it is unlikely to ever happen
Yes, we can benefit from this and it can be achieved in the next 5 years if all
parties start working towards this now
Yes, SA would benefit but it is a long term vision
No, it would not benefit SA or there is little chance of success
No, this has already failed at NEDLAC
3.4. Five strategies proposed towards driving economic growth
Despite the challenges to individual business growth highlighted in the previous section, the study found that
business remains reflective about the country’s growth potential. Although the ideal growth rate of 7 - 8% is
considered to be unrealistic by leaders of large business, and even 5% unlikely given the current situation,
there is a prevailing feeling that the 2% achieved in 2014 is declining below 1.5%.
Businesses are willing and open to playing a greater role in the future growth of the economy. A large
percentage, 42% of businesses surveyed, believe that they can drive higher economic growth even within
the current macro-economic environment. A further 49% are also willing to play a role, but would require the
assistance and partnership of government to enable them to play the needed role.
Top business suggested the following strategies as a means to contribute towards economic growth:
1. Implement the National Development Plan, – South Africa’s business, trade union and government
growth imperative. The sentiment was expressed as “Just Do It” – stop talking about it.
2. Accelerate Enterprise Development - Big business working to support entrepreneurs and at the same
time, government removing red tape.
3. Customer-centred Innovation – Encourage South Africa’s creative talent both at home and abroad to
innovate for growth, using customer-centric thinking to drive growth in business.
4. Commercialise State Owned Enterprises - Engage strategic equity partners in state owned enterprises
and consider an initial public offering (IPO) where this makes sense.
5. Declare a State of Emergency in Education – we need to prioritise our future, recognising that
education is a fundamental driver of economic development.
These five proposed solutions are explained in more detail in the following section.
3.4.1. Implement the National Development Plan, “Just Do It” – South Africa’s business, trade
union and government growth imperative
79% of the surveyed SMEs are of the view that a coalition between government, business and trade unions
could be the key to economic growth, although just less than half see this as a workable solution in the near or
long term. There is an even split among the micro, small and medium businesses.
Figure 6: Would South Africa benefit from a coalition between government, business and trade unions?
12. 12 Activate Growth.co.za
A further analysis also shows that the majority of businesses that believe South Africa would benefit from
a coalition between government, business and trade unions over the next 5 years, are small and medium
businesses, while those who say the country would benefit in the long-term are mostly micro and small
businesses. Those who say South Africa would not benefit and that there is little chance are mainly medium-
sized businesses. Figure 7 shows that there is an even split in terms of businesses that perceive a coalition
between government, business and trade unions is key to economic growth.
The key to economic growth Micro Small Medium Total
50% 50% 49% 50%
Government, Business andTrade Unions
working together
Figure 7: Government, business and trade unions working together as the key to economic growth
According to Mind of a Fox Director Clem Sunter, South Africa is slowly heading downhill and urgently needs
an economic coalition to address the weakness in its economy (Afriforesight Conference, August 2015). He
cited corruption, infrastructure mismanagement, an unreliable power supply, poor quality education and the
lack of an inclusive leadership as the predominant red flags putting off foreign investment in the country. With
unemployment likely to increase, he expressed the belief that South Africa was more of a divided nation now
than it was in 1994, and that only through the creation of an entrepreneurial spirit would matters improve.
“Our primary aim must be to remove all barriers, which is why we need a focused economic coalition around
how we do this and how we put in support systems so that budding entrepreneurs in the township can have
the finances and the mentorship to get into the mainstream economy. Just as we have done with Zimele
[Anglo American’s Enterprise Development Initiative] and have a positive relationship with big business - that
is what I would like the subject of the coalition to be.”
– Clem Sunter
While it could be argued that such an organisation is already in place through the National Economic
Development and Labour Council (NEDLAC), there is a feeling among business that NEDLAC is failing to
tackle relevant issues that could enable business to play a greater role in driving economic growth.
“We are a bit stuck with some of the institutions like NEDLAC in South Africa, which was set up as a tripartite
alliance where government, business and labour are recognised as the key players in the economy, its
growth and welfare, but also where they are seen themselves as responsible people. I think NEDLAC has
run out of steam. I attended a NEDLAC meeting recently and I was saddened by the low level of business
representation. There was a time when the people who sat with NEDLAC were your ministers and CEOs of
companies. Now it is people five levels down the value chain and I think maybe we need another structure.”
– Cheryl Carolus
Dawie Roodt, Chief Economist at the Efficient Group attributes NEDLAC’s fall from grace to parliament’s
failure to implement agreements reached in discussions held between government, business and labour at
NEDLAC. It is further indicated that NEDLAC agreements are regarded as informal agreements and that
parliament has failed to recognise these informal agreements and thus none of the decisions agreed upon are
actioned (Business Day Live, 2013).
“The government say they will do something in NEDLAC, but (then they) do something else in parliament.
The result is that business, labour and the community do not get the opportunity to give their inputs.”
– Dawie Roodt
13. Activate Growth.co.za 13
Labour broker Adcorp, also agrees that NEDLAC failed because of parliament’s failure to implement solutions
proposed through NEDLAC (Business Day Live, 2013).
Respondents did however feel that the National Development Plan’s (NDP’s) ethos and ideas were sound and
could lead to growth in the economy. The view of the respondents is that government and business should
stop talking about the NDP and get on with working together to implement it ie a “Just Do It” attitude.
The National Development Plan is a plan for the country to eliminate poverty and reduce inequality by 2030
through uniting South Africans. “Unleashing the energies of its citizens, growing an inclusive economy,
building capabilities, enhancing the capability of the state and leaders working together to solve complex
problems.”
President Jacob Zuma appointed the National Planning Commission (NPC) in May 2010 to draft a vision
and national development plan for consideration by Cabinet and the country. The NPC is an advisory body
consisting of 26 people drawn largely from outside government.
After releasing a draft plan in November 2011, the NPC held extensive consultations with South Africans,
including government, unions, academics, industry bodies, non-profit organisations, religious associations and
the general public. The response was overwhelmingly positive and the inputs have helped to strengthen the
proposals made in the plan.
High-level objectives to be achieved by 2030 are the following:
• Reduce the number of people who live in households with a monthly income below R419 per person (in
2009 prices) from 39 percent to zero.
• Reduce inequality, as measured by the Gini coefficient, from 0.69 to 0.6.
• To make meaningful progress in eliminating poverty and reducing inequality, South Africa needs to write a
new story.
Respondents feel that action is now required to implement the NDP, with business, labour and government
working together to implement these actions.
Wendy Lucas-Bull, Chairman of Barclays Africa Group Limited observes that as South Africans, we are good
at coming up with plans but we have not been as good at implementing them. Wendy Lucas-Bull is of the view
that South Africa should focus on the NDP as a vehicle through which government, business and labour can
work collaboratively. According to Wendy the benefit in the NDP does not focus solely on the government, she
elucidates that it also includes all aspects of society. Wendy also views the NDP as the vehicle for a coalition
given that it was produced collaboratively with input from all stakeholder groups.
“So my view is, what we can do together as business, labour and government is actually focus on how we can
speed up the implementation of the NDP” – Wendy Lucas-Bull.
“The NDP is the road we should take, let’s get on with it in a collaborative way and not in silos because we
have not worked as effectively as we could, we have silos in business, we have silos in unions and we have
silos in government” – Wendy Lucas-Bull.
Dr Martyn Davies is also of the view that the country does not need new policies where economic growth
is concerned, he also shares the view that the country should use the NDP as a policy agreed upon by the
various stakeholders.
“…we are very active, we are very vocal, I just hope that the right people are listening.” – Dr Martyn Davis
14. 14 Activate Growth.co.za
3.4.2. Accelerate Enterprise Development
A literature review conducted for the National Credit Regulator (NCR) in 2011 indicates that 91% of the
entities in South Africa are Small, Medium and Micro-sized Enterprises (SMMEs) (Underhill Corporate
Solutions (UCS) , 2011). According to the Department of Trade and Industry (DTI), government has prioritised
entrepreneurship and the advancement of Small, Medium and Micro-sized Enterprises (SMMEs) as the
catalyst to achieving economic growth and development (IDC, 2014). The Head of Small Enterprises at
Standard Bank, also declared that South Africa’s GDP is currently produced by small business, and an
estimated 70% of private employment is generated through firms with fewer than 50 employees (Standard
Bank, 2015).
The National Development Plan (NDP) envisages that by 2030, 90% of new employment will be generated by
Small, Medium, and Micro Enterprises (SMMEs). It is in this regard that the government has provided SMMEs
with various mechanisms aimed at promoting the growth of these businesses.
Micro and small businesses reiterate the point that business is ready to play a greater role in driving economic
growth while medium businesses still seem more reserved in this regard. As shown in Figure 8, 79% of SMEs
perceive the entrepreneurial small business sector and innovation in South African businesses as the key to
economic growth, with the majority being macro and small businesses.
The key to economic growth Micro Small Medium Total
83% 80% 59% 79%
Entrepreneurial small business sector
Figure 8: The entrepreneurial small business sector as the key to economic growth
“The world of work has changed, we have moved away from the last century which was all about mass
employment to now where most of the jobs being created are in small business…… instead of having an
objective of creating five million jobs by 2020, I think the objective should be to create one million businesses.”
– Clem Sunter
“I think the key is to realise that every person, whether they have a high education or low education, and
provided that they are in a reasonably decent kind of environment, is a potential entrepreneur. Human beings
have within them the potential to be growth creators.” – Tony Leon
“If I was president for the day, I guess I would talk to labour. I would say - let us create an environment that
has a balance of job creation because we have to create jobs, this country has to create jobs. I would also
follow through in a strong entrepreneurial line because to me we are a nation of entrepreneurs. I would
really like to have an entrepreneurial forum that encourages entrepreneurs, and get banks to help fund
entrepreneurs properly.” – Robbie Brozin
Our findings from the in-depth interviews also point to entrepreneurship as South Africa’s key to unlocking
economic growth. The shared view is that supporting entrepreneurship could yield great results in the
generation of economic growth as more jobs will be created for the majority of the country’s unemployed
population.
15. Activate Growth.co.za 15
In 2014, the Minister of Small Business Development (SMD) announced that small businesses contribute
more than 45% of the country’s gross domestic product (GDP) and created more than 50% of all employment
opportunities in South Africa (IDC, 2014).
This means entrepreneurship and SMEs could contribute far more than they have with support from
government and other stakeholders. The findings from our study point to large businesses as one of the
stakeholders that can play a major role in supporting small business.
While SMEs expressed their doubts about ways in which business can play a greater role in driving economic
growth, large businesses suggested that South Africa as a country needs to move away from relying on and
perceiving government as the sole party responsible for the country’s economic growth.
“I think there is an over-emphasis on government as the sole player. It is a problem because both government
and other stakeholders think that government is the only player in town, and they are not. Jobs don’t get
created by government; government creates enabling environments in which it is easier to create jobs. But it
is the people who create jobs.” – Cheryl Carolus
“We as private businesses cannot always blame government because if you take South Africa in the global
context, you will see that there is no perfect government. Everyone is complaining about their government,
even the Americans are complaining about America and the UK is also complaining. And so you cannot sit
back and say here is a problem, let us wait for government to fix it.”
– Robbie Brozin
Clem Sunter proposes that what South Africa needs is dual-logic economy, whereby there is a symbiotic
relationship between big and small business. The notion behind this is that large businesses can utilise
some of the elements in their supply chain to nurture small business. The common vision amongst the large
business owners who share the view that businesses can also play a greater role in driving economic growth
is that large business can achieve this through subcontracting their non-core business activities to small
businesses that will then be able to create jobs because of business obtained from large corporations.
“My company Anglo-American has a project called Zimele where we have looked at the non-core activities of
our mines and then sub-contracted those activities to small businesses. We have injected capital into those
businesses, we have provided mentorship and I think we have about 1200 businesses supplying our mines
and they employ around 25 000 people. I would like every single big company in South Africa to do the same
thing, I call it a dual economy, and it is where you have a symbiotic relationship between big business and
small business.” – Clem Sunter
While this is the shared vision amongst large business representatives, with some having engaged in
initiatives that involve partnering with small businesses; Robbie Brozin notes that the partnership between
large and small businesses does not always have to be based on large-scale initiatives. Quoting the initiative
Nando’s has been involved in recently, he states that a simple idea such as subcontracting small pieces of
restaurant renovation work to South African artists and architects contributes immensely to the economy.
“Our business has taken a lot of initiative to drive economic growth, such as our Tables and Chairs project.
It’s probably going to generate more income and our initiative is going to resuscitate the furniture industry in
South Africa. We are using local South African artists and architects and creating jobs for these people.”
– Robbie Brozin
Big business needs to continue working to support entrepreneurs whilst government removes the red tape to
enable this to happen.
3.4.3. Customer-centred innovation
A survey of South African SMEs conducted in 2012, showed that 61% classified their organisations as
innovative, yet only 18.8% indicated that they have a separate budget for innovation and only 27.1% indicated
that they followed a formal innovation process. Another survey indicated that only 27% of companies feel
they have mastered the elements they will need for innovation success over the next 10 years. Companies
therefore know that they need to innovate, but there seems to be a lack of understanding of what is required
to innovate successfully and consistently.
16. 16 Activate Growth.co.za
The 2014 Global Innovation Index Report lists South Africa at number 53 overall, behind countries such as
Greece (50), Chile (46) and Mauritius (40). The Bloomberg Innovation Index – a comparative innovation
index – lists South Africa at position 49, just sneaking into the top 50 but placing 2 spots behind Brazil. This is
a relatively low position and shows that more needs to be done to encourage and promote innovation. There
is a clear correlation between innovation and growth, so for our economy to grow and thrive, companies
need to innovate and grow their relevance in the global market. This however requires a micro environment
conducive to innovation, and government therefore has a role to play in instituting enabling policies to create
this environment, with companies making a decisive decision to invest in innovation.
Innovation generally provides growth on three different levels for an organisation. Firstly, it can be incremental,
applied to the organisation’s current products, services or business model. This helps to keep existing
customers happy and draw new customers in from competitors if those features are not available from them.
Secondly, innovation can be in the development of new products for your current market or selling your
products to new markets and expanding your reach. Lastly an organisation can introduce a new innovation
that is “new to the world”, completely disrupting the market. Each level of innovation would generally provide
greater profit and growth opportunities, but also introduces more risk and cost.
The benefits of innovation for growth are evident. Recently in the South African market, FNB and Discovery
are ideal case studies on how focusing on an innovative culture can help grow your customer base. Other
innovation success stories include Mark Shuttleworth, who sold his digital certificate company Thawte to
VeriSign in 1999 for $570 million, and Fundamo, a mobile financial services platform which was acquired
by Visa in 2011 for $110 million. Siyabulela (Siya) Xuza is an energy-engineering student at Harvard
University, conducting research on making cheaper solar cells and assessing the commercial viability of
solar technologies. In 2011 he became a fellow of the Kairos Society, a global network of top student and
global leaders using entrepreneurship and innovation to solve the world’s greatest challenges. He was
invited to the United Nations and the New York Stock Exchange in recognition for being one of the world’s
emerging business leaders and to offer strategies for solving the world’s energy crisis. Siya recently became
the youngest member of the African Union affiliated Africa 2.0 energy advisory panel. Other South African
innovators worthy of noting are Martin Moshal, David Frankel, Bheki Kunene, Doug Hoernle and Julie Fourie.
Furthermore, South Africa boasts leading innovations in underground mining technology, defence vehicles and
financial services products and platforms. What is required though is to have more innovation successes that
can be scaled and exported to the rest of the world.
As shown in Figure 9, 53% of the surveyed SMEs indicated innovation in South African businesses as a
possible key to unlocking economic growth, with the majority of these businesses being micro businesses
(67%), followed by small businesses (52%).
The key to economic growth Micro Small Medium Total
67% 52% 41% 53%
Innovation in SA business
Figure 9: Innovation in South Africa as the key to unlocking economic growth
17. Activate Growth.co.za 17
Walter Penfold and Cheryl Carolus share the same view. They believe that the businesses that survive are
ones that are agile, nimble footed and innovative. Cheryl Carolus adds that agility and nimble footedness
needs to be combined with the right skills and the right business model in order for the business to become a
success. Penfold suggests that South African business needs to aim towards becoming globally competitive
as being innovative will contribute towards economic growth. Robbie Brozin adds that business should find
ways to improve their efficiency, but without compromising the product.
“Why have we got Google and Uber that we are now all using in South Africa? Why don’t we have our own
innovation here, why are we not building that kind of stuff?” – Walter Penfold
“We had to look at how we could cut certain costs, without compromising product quality, portion sizes, etc.
We also had to look at how a business can become more efficient in the use of electricity, water and so on,
which is good for the environment and at the same time is actually good for business as well.”
– Robbie Brozin
Businesses need to drive a customer centric strategy that encourages one to revisit the organisational value
chain and identify growth opportunities upstream and downstream. This naturally forces organisations to find
creative and innovative solutions to better meet customer requirements. Evaluating the company’s products
and offerings through the eyes of the customer allows a company to better understand what is required to fully
meet customer needs, and identify innovative solutions to solve customer problems.
Being customer driven means to understand what customers need, even if they sometimes don’t know it
themselves. Once these needs are clearly defined, it provides an organisation with the opportunity to find
innovative ways to meet those needs. Henry Ford was reported to say: “If I had asked them what they wanted,
they would have said faster horses”. This illustrates the point that customers can only conceive known ways
to solve the problem. This is the perfect opportunity for organisations to develop innovative solutions and
differentiate their offering to drive greater market share.
3.4.4. Commercialise State Owned Enterprises
Strategic equity partners in state owned enterprises need to be engaged and an Initial Public Offering (IPO)
should be carried out where this makes sense. The South African Post Office (SAPO), South African Airways
(SAA) and Eskom in particular need to follow the example set by Telkom to achieve growth through local and
international competitiveness.
Focusing on SAPO, cabinet announced the new board members on 13 August 2015. New chairman
Simosezwe Lushaba was brought in to turn around the Post Office after it was placed under administration
in November 2014, following a four-month strike that brought mail services to a halt. The Post Office suffered
a net loss of R285m in the first three months of 2015, and loses about R100m each month. In the latest of
its many obstacles, mail deliveries came to a standstill in the beginning of August 2015, when there was no
money to buy fuel for the Post Office’s delivery trucks. On the 8th September 2015, it was announced that
CEO Christopher Hlekane agreed to part ways with SAPO, almost a year since the boss went on “special
extended leave” amidst a prolonged strike.
Management instability continues unabated at SAA where the human resources general manager, Thuli
Mpshe, has been appointed in August 2015 to run the airline on a temporary basis. A dispute continues to
rage over the validity of the renewed contract of Chief Financial Officer Wolf Meyer. SAA continued to make
losses in the first five months of the current 2015 financial year. Most recent government financial bailouts
for SAA include an October 2012 grant of a R5bn guarantee, but SAA had to implement a turnaround
strategy and just over two years later - January 2015 - another grant of R6.5bn. In 2015 Comair (BA partner)
challenged the legality of the government bailouts for SAA, with Comair stating that SAA is technically
insolvent and should not be receiving repetitive grants. The most recent controversy was in August 2015 when
it was revealed that SAA awarded an R85m catering contract to a German company despite the airline having
its own catering subsidiary, Air Chefs.
18. 18 Activate Growth.co.za
Eskom’s annual results for the 2014 financial year revealed an even weaker position than they had anticipated
previously. The utility announced that the completion of its three major capital projects that will bring new
power on to the grid, have all been delayed a further two years. Generation plant performance, which
measures the availability of power stations to produce electricity, dropped to 73.7% from 85.2% five years ago.
Its target for 2014 was to achieve 80% plant availability. Electricity sales declined to 216.3GWh, from 225GWh
in March 2012, as a result of breakdowns. This reduced net profit 49% to R3.6bn, while its cash on hand
dropped to R8.9bn from R19.7bn in March 2013. Despite this, Eskom put a positive spin on its performance,
saying it had managed to supply electricity on average 96% of the time, load shedding notwithstanding.
In stark contrast, Telkom, which government only owns 39% and listed on the Johannesburg Stock Exhange
in 2003, revealed its latest financial results for the year ended 31 March 2015, showing an increase in mobile
revenue and mobile subscribers. Telkom recorded a normalised profit after tax of R2.8 billion for the year,
excluding severance package costs and the tax benefit of the settlement of the post-retirement medical aid
liability for certain pensioners. This is a 135.7% increase compared to the previous year. Group EBITDA also
improved 15.1% to R9 billion (2014: R7.8 billion). Telkom CEO Sipho Maseko: “We set out to achieve further
stability in the business and largely attained it under challenging conditions. We are nearing the completion
of the stability phase of our turnaround, which included a de-risking of the mobile business, strengthening
of our balance sheet with the settlement of the post-retirement medical aid liability for certain pensioners,
and addressing our fixed asset base.” Some of the largest revenue growth came from its mobile business.
Telkom’s mobile net revenue increased 174.1% to R954 million, while mobile data revenue increased 50.6%
to R988 million.
Cyril Ramaphosa was assigned by cabinet in December 2014 to develop turnaround strategies for parastatals,
to enable them to play a meaningful role in contributing towards South Africa’s growth and development.
“These entities all operate in very challenging and complex industries,” he said. “This is even more so now
that the world economy is facing great difficulties. Those that operate in post office-related businesses are
facing great challenges and difficulties,” he said. “Those operating in the airline sector are facing headwinds
both literally and figuratively.” He said South Africa had over 700 state-owned entities at a national, provincial
and local level. “Many of them are running efficiently and effectively,” he said. “You may never hear of them
because they are not facing the same challenges.” Ramaphosa said that the challenges currently facing
SAPO, Eskom and SAA will be forgotten in 18 months’ time. “You will forget the challenges ever existed,” he
said.
Business is of the view that state owned enterprises that are not well managed should be commercialised in
order to prevent them from negatively impacting economic growth.
“If I were president for a day, I would privatise all state owned organisations that are not well governed, for
example Transnet. The state has no role in business” – (Martyn Davis)
“There is so much that I want to challenge. However, I think that the biggest issue today is Eskom, If I were
president for the day I would privatise Eskom immediately and I would open up the national grid for people to
do their own energy, that would be my immediate response” – (Walter Penfold)
3.4.5. Declare a State of Emergency in Education
Respondents were adamant that business needs to prioritise the country’s future, recognising that education
is a fundamental driver of economic development. To gauge what business perceive as solutions to unlocking
South Africa’s economic growth, businesses were also asked to mention the one thing they would do to
stimulate growth if they were afforded the position of president of the country for a day. It is not surprising
that the need to improve the state of education in South Africa was one of those at the top of the list. The
challenge of education and skills mismatch has long existed in South Africa. As Kevin Rudd, previous Prime
Minister of Australia once said, “Education is both a tool of social justice as well as a fundamental driver of
economic development.”
19. Activate Growth.co.za 19
South Africa spends 20% of its budget on education, or 6.4% of gross domestic product (GDP) (considerably
more than many other emerging market economies) and yet performs dismally in international comparisons:
• At the end of Grade 4 more than half of our students cannot read for meaning and interpretation and a
third are completely illiterate in any language.
• 61% of South Africa’s grade 9 students did not know that three fifths was equal to 0.6.
• 76% were not minimally competent in maths or science in grade 9 and do not know about whole numbers
or basic graphs. They are 3-4 years behind the curriculum.
• Looking at the matric pass rate, in 2014 that figure was a respectable 76%. But if we look at 100 students
that started school in 2003, only 49 actually made it to matric in 2014, only 37 passed and only 14
qualified to go to university. So the ‘real’ matric pass rate is 37% not 76%.
• And while 14% qualify to go to university, only 10% will actually go to university and only 5% will get a
degree. So out of 100 kids that start school, only 5 will get a degree. 60 will get absolutely nothing – not a
matric pass, not a certificate, not a degree.
• According to an education report by OECD released in 2015, SA ranked 75th out of 76 countries in terms
of standard of education.
On the other hand there are companies who are trying to tackle this problem. Harambee is a great success
story of how business can get involved in growing industry-relevant skills in South Africa. Harambee has
been working to pair work seekers with jobs since 2011. It is “a business initiative that seeks to address youth
unemployment through partnerships with many of South Africa’s top brands”, according to its website. The
Harambee Youth Employment Accelerator was founded by Yellowwoods, the holding company of brands such
as Hollard, Clientele, Telesure, Direct Axis, and Nando’s. The project prepares first-time employees for work.
It partners with the country’s top brands and private corporations, and then finds sustainable jobs for young,
unemployed people by matching them with the relevant employment.
It has already placed 790 adults into permanent employment since 2013. Candidates are interviewed and
assessed. If successful, they either go through a bridging programme or are placed directly into a job that
matches their qualification and skills. Harambee caters for South African citizens between the ages of 18
and 29 who have a matric certificate and who are unemployed. Harambee prepares young adults for the job
world to improve their chances for a fruitful and successful career. Candidates who are interested in getting
employment can go to the Harambee website to register. They will then be contacted should they meet the
criteria. The high level objective of Harambee is to transition 10,000 unemployed young people into their first
job opportunity and to significantly increase their likelihood of success and retention in sustained employment.
What is heartening is that a large number of the surveyed SMMEs provided the steps they have taken to
overcome their barriers to growth. A large number of companies that have taken steps towards overcoming
their barriers to growth indicated that they have prioritised up-skilling their employees and their families
through education and training. This is the right path to follow as businesses’ role in driving education in South
Africa is key.
“What we’ve done is target specifically what is that we are placed best to do in terms of supporting SME’s.”
– Wendy Lucas-Bull
According to Wendy Lucas-Bull, Barclays has set up a number of SME hubs around the country working in
collaboration with SARS and other IT partners to provide training for small businesses and assist them in
terms of company, VAT registration and tax returns processes.
“We are putting a huge amount of time and effort in tackling youth unemployment, we are looking at programs
we can put into drive for those who are previously disadvantaged. Our brand is an interesting brand, it came
from Rosettenville, and we understand the fact that coming from the wrong side of the tracks as an individual
working within the business we don’t really mind people that are coming from very humble beginnings.”
– Robbie Brozin.
20. 20 Activate Growth.co.za
4. Conclusion
South Africa faces many challenges in terms of its achievable growth, with its target of 5% to be reached by 2019
now reduced to only 3%, and trending downwards. President Zuma proposes a strategy that focuses on growing the
economy through revitalisation of the agricultural sector and mineral beneficiation; the creation of black industrialists;
increasing focus on small business potential; prioritising the ocean economy; and resolving problems in the energy
sector.
Critics have, however, slated the proposed strategy as nothing new, with their major concern being that government
allows too much power for an incompetent state. Also, the challenge of red tape and barriers to market entry
encountered by small businesses refutes Government’s endorsement of the prioritisation of small businesses as the
catalyst to increasing the country’s economic growth. The entry of new businesses into the market would encourage
innovation, competitiveness and agility, potentially catapulting South Africa to global competitor status. So, execution,
rather than ‘another talk shop’ is what respondents are unanimously calling for.
Business must, in turn drive reciprocity by being far more open to both working as a strategic partner with
Government – and with other smaller and emerging businesses so as to actively transfer knowledge and skills.
Continued business growth over the last 12 months has happened despite meagre Government intervention, and an
ailing economy. It’s therefore that much more heartening that 42% of South African businesses still believe that they
can and should generate growth.
5. Appendix
5.1. Background and methodology
A two-pronged approach was used to conduct this study. The study was informed by both primary and
secondary research. A combination of quantitative and qualitative research methodologies were employed in
the form of an online survey and in-depth interviews. Secondary research was conducted to supplement the
primary research.
The objectives of the study were to:
• Establish whether business believes it has a greater role to play in driving economic growth
• Identify what business believes are the barriers to growth, as well as what business has done to stimulate
growth
• Gauge views on a coalition between government, labour and business as drivers of economic growth
Quantitative approach
A survey was administered to a sample of 137 Small, Medium, Micro Enterprises (SMME) between May and
July 2015. The sample consisted of micro businesses (26%), small businesses (50%) and medium businesses
(23%). The surveyed businesses operate in sectors such as retail, marketing and communications, hospitality
and insurance, with most being in the consulting services space.
Qualitative approach
A total of nine in-depth interviews were conducted with influential leaders to garner opinion on key issues.
Secondary research
After the project kick-off meeting, the research team had a brainstorming session where key questions and
topics were identified that needed to be understood in order to conduct the research. IQ Business then
conducted the secondary research to enable the understanding of the topics involved. At this point the
research was brought back into a brainstorming session to provide a comprehensive understanding of topics
that would be included in the report. Once all the information was researched and gathered, our researchers
synthesised it into a digestible, easy to read document. This document was then integrated into one report
that covered the primary research findings.
21. Activate Growth.co.za 21
A summary of the approach is laid out below:
Project
Kick-off Brainstorming session
of key questions and topics
to understand to conduct
the research
Secondary research of
textbooks, papers and articles
from trusted content providers
Synthesis into an easy to read
and content-rich report
Review of research and
further questions to
write the report
Integration
of secondary research with
primary research findings
Figure 10: Secondary research methodology
22. 22 Activate Growth.co.za
In-depth interviews respondents’ profiles
Clem Sunter
Chair of the Anglo American Chairman’s Fund
BIOGRAPHY
Current position:
• Chair of the Anglo American Chairman’s Fund, 1997 – present
• Non-Executive Director | Anglo American South Africa Johannesburg
Previous positions/employment:
• Chair | Anglo American Corporation, 1990 – 1996
• Assistant to Chair | ANGLO AMERICAN PLC 1986 – 1989
• Head | Anglo American Corporation Johannesburg | 1983 – 1985
• Secretary | Exco | Anglo American Corporation 1981 – 1983
• Assistant to Managing Director | Transvaal Gold Mines 1976 – 1980
• Assistant to Director | Anglo American Corporation Zambia | 1971 – 1973
• Management Trainee | Charter Consolidated Ltd 1966 – 1971
Education:
• University of Oxford PPE
Memberships
SA Business Coalition on HIV/AIDS 2002-Governor
23. Activate Growth.co.za 23
Robbie Brozin
Founder and Chief Executive Officer of Nando’s
BIOGRAPHY
Current position:
• Founder and Chief Executive Officer | Nando’s Johannesburg | 1987 - present
Previous positions/employment:
• Manager Marketing | Teltron (Pty) Ltd 1982 – 1986, Marketing, Advertising and Public Relations.
Education:
• University of the Witwatersrand, Bachelor of Commerce
Achievements:
• Loeries Award for Marketing Leadership and Innovation Award | 2012
24. 24 Activate Growth.co.za
In-depth interviews respondents’ profiles
Cheryl Carolus
Non-Executive Director of Gold Fields Limited
BIOGRAPHY
Ms. Carolus is the Executive Chairperson of Peotona Group Holdings, a women owned and
managed company, that puts back 2/3 of all their profit into communities where they operate
and draw their workforce from. This money is used for education and enterprise development in
those communities. She is a director on the boards of a number of listed and unlisted companies
including De Beers and Investec. She is currently Chairperson of Gold Fields, an international
mining company. She also served as Chairperson of the Board of South African Airways. Ms.
Carolus has also previously held senior leadership positions in the liberation movement in
South Africa. She worked closely with Nelson Mandela, and helped to negotiate the new South
African constitution. She served as South Africa’s High Commissioner to the United Kingdom
from 1998 to 2001 and was the CEO of SA Tourism from 2001 to 2004. She was Chairperson of
South African National Parks Board for six years. She also works with NGOs focused on young
people at risk, conflict prevention and conservation biodiversity, including Soul City, WWF
and International Crisis Group. She was appointed as a trustee of the British Museum by Her
Majesty, Queen Elizabeth. In 2014, she was awarded The French National Order of Merit by the
Government of France.
Cheryl has a BA Law degree, Bachelor of Education and Honorary Doctorate in Law (for work in
Human Rights) – UCT. She is passionate about her family, the arts, hiking, reading and cooking.
She has climbed the Mount Kilimanjaro, learnt to tango in Argentina and did her first solo
hanglide in Rio de Janero.
25. Activate Growth.co.za 25
Tony Leon
Executive Chairman of Resolve Communications
BIOGRAPHY
Current position:
• Advisor for Africa K2 Business Intelligence May 2014 – Present
• Executive Chairman Resolve Communications (Pty) Ltd June 2013 – Present
• Columnist - Opinions Page Business Day October 2012 – Present
• Attorney Supreme Court of South Africa 1985 – Present
• Author Tony Leon – Author 1999 – Present (16 years)
• Speaker Tony Leon - Professional Speaker October 2012 – Present
Previous positions/employment:
• Ambassador to Argentina, Uruguay and Paraguay. South African Embassy in Argentina
September 2009 – September 2012
• IOP Fellow Harvard Kennedy School of Government September 2007 – December 2007
• Leader of the Official Opposition Parliament of South Africa 1999 – May 2007
• Leader | Democratic Alliance 2000 - 2007
• Visiting Fellow | Cato Institute Washington DC, United States of America | 2008 – 2008
Academia, Education and Training
• Vice President International Council | Jewish Parliamentarians South Africa | 2006 - 2009
Education:
• University of the Witwatersrand LLB, Law 1983
Awards:
• Recht Malan Prize - best nonfiction book, 2009 | 2009
• Prestigious prize for On The Contrary - Leon’s bestselling autobiography published in 2008,
Jonathan Ball Publishers.
• One of ‘Four Outstanding Young South Africans’ finalist
• Rare Achievers Finalist | JB
• Star of the Community | Star Newspaper
26. 26 Activate Growth.co.za
In-depth interviews respondents’ profiles
Walter Penfold
Managing Director of Everlytic
BIOGRAPHY
Current position:
• Managing Director Everlytic
• Non-Executive Director Grenade Technologies March 2012 – Present
• Non-Executive Director Wetec 2010 – Present
Previous positions/employment:
• Co-Founder CEO Wetec January 2003 – 2010
• Senior Portfolio Manager Endeavor South Africa July 2008 – August 2009
• Management Consultant E-Cubed Consulting 2001 – 2003
• Systems Analyst / Consultant Standard Bank Group April 1998 – June 2001
• Developer SPL WorldGroup March 1996 – February 1998
• Systems Analyst Liberty Group December 1991 – February 1996
Education:
• University of the Witwatersrand. MBA, Entrepreneurship/Entrepreneurial Studies,
• with Distinction 2001 – 2003
• University of South Africa/Universiteit van Suid-Afrika Bachelor’s degree, Information
Technology, with Distinction 1999
27. Activate Growth.co.za 27
Martyn Davies
CEO of Frontier Advisory
BIOGRAPHY
Current position:
• CEO of Frontier Advisory
• Dr Martyn Davies has advised a large number of multinational companies on their strategies
in Africa and other emerging markets.
• Over his career, he has consulted for 1/3 of the top 100-listed firms on the JSE.
• He is a Senior Fellow at the MasterCard Center for Inclusive Growth and is also a member
of MasterCard’s Africa Knowledge Panel providing macro-economic advice to the Board
of MasterCard and has been ranked the # 1 analyst in South Africa in the “Other African
Economies Markets” category as awarded by the Financial Mail in its prestigious Annual
Analysts of the Year awards.
• He has been an Advisor to the WEF’s “Emerging Best Practices of Chinese Globalizers”
initiative as well as serving as an industry expert to the WEF’s Mining Metals Industry
Group. He is a recipient of a Dangote Fellowship awarded by the WEF for Africans for their
outstanding leadership, professional accomplishments and commitment to society.
• Martyn has lectured by invitation at Harvard University, MIT, London School of Economics,
Oxford University, IE Business School, Peking University, the African Development Bank, the
OECD, the European Commission and the World Bank. He is widely published in academia
and has written for the Financial Times and the Washington Post amongst many others.
Education:
• University of the Witwatersrand - BA Law, Honours Degree in International Relations (cum
laude), Master’s in International Relations (cum laude).
• Yonsei University, Seoul, Korea - Diploma in Asian Studies
• Harvard Business School - Making Markets Work course certificate, graduate of the Harvard
Kennedy School’s Global Leadership Programme
Awards:
• Young Global Leader, World Economic Forum
• Recipient of a Dangote Fellowship awarded by the WEF for young Africans selected each year
for their outstanding leadership, professional accomplishments and commitment to society
• In 2010, Destiny Man magazine named Martyn in its “Power 40” of leading South African
businessmen under the age of 40
Memberships:
• Member, BRICS Economic Financial Forum, Advisory Group, PRC
• Member, Korea-Africa Forum, National Assembly, Republic of Korea
28. 28 Activate Growth.co.za
Shaun Liebenberg
CEO of IQ Capital
BIOGRAPHY
Current position:
• CEO IQ Capital (Pty) Ltd February 2012
Previous employment:
• Executive Director Rheinmetall AG June 2008 – May 2011
• CEO Denel May 2005 – June 2008
• CEO Grintek Ltd January 2004 – June 2005
• Executive Director Dimension Data September 2001 – December 2003
• MD Plessey (Pty) Ltd January 2000 – August 2001
Education:
• University of Johannesburg (RAU), B.Com degree and Law degree
In-depth interviews respondents’ profiles
29. Activate Growth.co.za 29
Wendy Lucas-Bull
Chairman of the Barclays Africa Group,
Absa Bank and Absa Financial Services
BIOGRAPHY
Current position:
• Independent Non-Executive Director, Anglo American Platinum Ltd, 2009 – present
• Independent Non-Executive Director, Development Bank of Southern Africa, 2005 – present
• Founding Chairman, Business Against Crime, 1996 – present
• Non-Executive Director, The IQ Business Group
• Independent Non-Executive Director, Barclays Africa Group, 2013 – present
• Founder of Peotona Group Holdings Proprietary Limited.
Previous employment:
• Non-executive Director, Nedbank Group Limited, 2009 – 2012
• Independent Non-Executive Director, Alexander Forbes, 2006 - 2007
• Deputy Chairman, Aveng Ltd, 2005 - 2006
• Executive Director, RMB Holdings Limited, 1995 - 2000
• Chair, Institute of Management Consultants, 1990 - 1992
• International Partner, Andersen Consulting, 1978 - 1994
• Independent Non-Executive Director, Dimension Data Holdings Plc, 2005
• Director, Telkom SA SOC Ltd
• Director, Eskom
• Director, Discovery Health Limited
• Chief Executive Officer, FirstRand Retail
Education:
• University of the Witwatersrand, Bachelor of Science, 1976
Awards:
• Paul Harris Award, in Recognition of Her Achievements during her tenure as Chair of Business
Against Crime | Rotary International
• SA Business Women of the Year, Top Women in Business award
• Sapphire awards for service and for individual contribution to the economy of Gauteng
30. 30 Activate Growth.co.za
6. Acronyms
BCEA Basic Conditions of Employment
DTI Department of Trade and Industry
GDP Gross domestic product
FDI foreign direct investment
IPO Initial Public Offering
LRA Labour Relations Act
NCR National Credit Regulator
NDP National Development Plan
NEDLAC National Economic Development Labour Council
SAPO South African Post Office
SAA African Airways
SMEs Small and Medium sized enterprises
SMEs Subject Matter Experts
SMMEs Small, Medium, and Micro Enterprises
SMD Small Business Development
31. Activate Growth.co.za 31
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