In many ways I agree with Mr Rupert's commentary on the state of the economy and what needs to be done for the country going forward...in many way...in some ways I tend to disagree! Besides doubting Mr Rupert's "reality" of the type of South Africa we live, and also doubting his motives and the timing of his speech (his family having built an enormous amount of wealth on the back of this country's resources, one can say that he is a major industrialist or player and a great capitalist). The main resource for my doubts, is the very same reason I have started this blog. It is my sincere belief that government and big business in our country does not invest enough resources into educated, intelleigent, young people in our country.
This is but one reason that our economy continues to be essentially reliant on foreign direct investment. One can also count the ever expanding "brain drain" that affects our nation. South Africans all over the world are finding success and entrepreneurial support for their ideas in other markets.
Investing in educated, intelligent young (student) entrepreneurs will have a long lasting effect on the state of the economy going forward:
- minimising graduate unemployment
- minimising skills exodus to foreign nations
- re-igniting entrepreneurship
- creating opportunities in industries with skills shortages
- building wealth and extending savings amongst citizens
- creating role models for the youth (thus a better outlook on success and education)
As mentioned earlier, I agree to the majority of the points made by Mr Rupert, I disagree as far as seeing solutions through the eyes of government, politics and foreign policy.
- creating a globally competative economy
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