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Assets building strategies in south africa

Zapreneur
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Slide presentation for a paper being written on Asset building strategies in South Africa.

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Asset Building Strategies in South
              Africa
        Ebrahim-Khalil Hassen
       EDD/FES/SPII Conference
        http://zapreneur.com
Imagine this reality …




                     Formalization of property and business
Community Works




             Household
              Strategy
Literature Reviewed
     •evidence of poverty trap in South Africa
           (disputed by several authors)
   •Inequality and economic exclusion related
•However, agreement that inequality needs to be
addressed quickly to support economic inclusion
               and economic growth
 •Can asset building help? Which asset strategy?
Dead Assets                        Asset Building
Formalisation of existing       Focussed on financial assets
         assets             Ackerman and Alstott ---- transfer on
      (de Soto ----          attaining majority (US$ 80 000-00)
 houses, business, taxis)   Sherraden --- Individual development
                                  accounts, child accounts
Dead Assets                        Asset Building
Formalisation of existing       Focussed on financial assets
         assets             Ackerman and Alstott ---- transfer on
      (de Soto ----          attaining majority (US$ 80 000-00)
 houses, business, taxis)   Sherraden --- Individual development
                                  accounts, child accounts


   Market based -                         Poverty traps
   no poverty trap                         important
Dead Assets                              Asset Building
   Formalisation of existing         Focussed on financial assets
            assets               Ackerman and Alstott ---- transfer on
         (de Soto ----            attaining majority (US$ 80 000-00)
    houses, business, taxis)     Sherraden --- Individual development
                                       accounts, child accounts


       Market based -                                 Poverty traps
       no poverty trap                                 important



                                Asset Building Strategies
Formalisation strategies
                                •Children’s savings accounts and stakeholding (fairly
                                common across the globe)
•Informal settlements – plots   •Right to work --- work as an asset
•Business owners                •Social investment state – including role in venture
                                capital

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Assets building strategies in south africa

  • 1. Asset Building Strategies in South Africa Ebrahim-Khalil Hassen EDD/FES/SPII Conference http://zapreneur.com
  • 2. Imagine this reality … Formalization of property and business Community Works Household Strategy
  • 3. Literature Reviewed •evidence of poverty trap in South Africa (disputed by several authors) •Inequality and economic exclusion related •However, agreement that inequality needs to be addressed quickly to support economic inclusion and economic growth •Can asset building help? Which asset strategy?
  • 4. Dead Assets Asset Building Formalisation of existing Focussed on financial assets assets Ackerman and Alstott ---- transfer on (de Soto ---- attaining majority (US$ 80 000-00) houses, business, taxis) Sherraden --- Individual development accounts, child accounts
  • 5. Dead Assets Asset Building Formalisation of existing Focussed on financial assets assets Ackerman and Alstott ---- transfer on (de Soto ---- attaining majority (US$ 80 000-00) houses, business, taxis) Sherraden --- Individual development accounts, child accounts Market based - Poverty traps no poverty trap important
  • 6. Dead Assets Asset Building Formalisation of existing Focussed on financial assets assets Ackerman and Alstott ---- transfer on (de Soto ---- attaining majority (US$ 80 000-00) houses, business, taxis) Sherraden --- Individual development accounts, child accounts Market based - Poverty traps no poverty trap important Asset Building Strategies Formalisation strategies •Children’s savings accounts and stakeholding (fairly common across the globe) •Informal settlements – plots •Right to work --- work as an asset •Business owners •Social investment state – including role in venture capital
  • 7. The Policy Suite (a) Current Policy -Minimum programme, assuming good markets will emerge (Titles, microfinance, educational and health reforms) a) PLUS (b)Asset programme assuming systematic exclusion and traps (Focus on financial assets, children’s savings accounts and venture capital) PLUS (a) and (b) and wider once off (e.g. stakeholding grant, right to work)
  • 8. Programmatically speaking • Access to employment through an expanded national youth service programme • Government and private households creating systems for venture capital for small businesses • A significant change in the quality of schooling through educational reform programme • Matched savings with savings systems to create enterprises and/or linking savings to social security • Introduction of government sponsored savings accounts