Twenty-five years after the end of apartheid, the South African economy is starkly divided between the so-called ‘first’ and ‘second’ economies. This common South African phraseology is a euphemism for ‘the rich’ (who do business in a certain way) and ‘the poor’ (who do business in a different way).
Worryingly, much of the country’s Small & Medium Enterprise (SME) activity is locked into a subsistence paradigm, where each individual business only supports the financial needs of its owner, and fails to contribute meaningfully to economic growth or job creation.
27 June 2018: The United Nation’s General Assembly recognizes the importance of SME’s, and thus decided to declare 27 June the Micro— Small and Medium-sized Enterprises Day to raise public awareness of their contribution to sustainable development.
South Africa’s economic landscape is continuously evolving and coupled with domestic and foreign political and socio-economic mixed policy messages
Looking at the South African economy through tinted glasses
With sky-high unemployment rates and political instability a trampoline would be proud of, could the solution be as simple as changing a pair of glasses?
It’s often been said that optimists see the world through rose-tinted glasses. The idiom refers to their thoughts, opinions and perspectives, the way in which they frame the world.