Economy lacks dynamism due to low public investment and loss of ‘innovative drive’
World Bank economist Jacques Morisset writes that the net rate of entry of new firms in SA is about 60% lower than in countries with similar income levels. He says the economy lacks dynamism.
Every time I travel through the rest of Africa or overseas I notice the contrast in the exuberant buzz of little companies. SA has been very successful in creating big companies, but we need more lovely family businesses that employ 50 or so people and provide quality goods and services. The numbers do not support the image of an entrepreneurial nation. ..
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