Today's Business Day published my letter, written in response to a leading article in the 30th April edition of the newspaper.
Business Day is generally upbeat about the state of the nation four and a half months after Cyril Ramaphosa was elected President of the ANC. But what caught my eye was its comment that South Africa needs more businesses. Small and medium enterprises contribute roughly 60% of the GDP of successful economies. In South Africa it is only around 40%, meaning 60% comes from large enterprises. The only way around this is for us to start more businesses that survive and grow.
If we are to reduce unemployment there is no other way of achieving it than having more businesses employing more people. How do we do this? My letter provides some essential first steps.