Small business touted as answer to unemployment and inequality

Speaking on CapeTalk, Ryan Ravens, CEO Accelerate Cape Town, said the Western Cape has everything needed to participate in the global Halaal food market, which globally is worth over $2trillion per annum.

He advocates establishing a Halaal processing park in the province as an example of how entrepreneurship can create jobs and stimulate economic growth.

We've seen that government cannot create jobs ... they can barely pay their own bills at the moment. ... Large corporates also can't create jobs as they are driving shareholder value, so the only opportunity we have is SMMEs (small to medium enterprises).

Ryan Ravens, CEO Accelerate Cape Town

One example is a small local business which will be producing 3 million of the little tassels on the Amarula bottles. This has just been localised and is a small business. These are the kinds of examples we're looking for. We need to go through the supply chains of large corporates, identify opportunities that could be localised, and then find entrepreneurs who can grow this.

Ryan Ravens, CEO Accelerate Cape Town

Take a listen to Ryan Ravens talking to Kieno Kammies:

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