We need to stop the silos in our economy (and Clem Sunter has a few solutions)

Scenario planner Clem Sunter says South Africa must put an end to the separation of the so-called mainstream economy and the township economy.

We've got to have a serious conversation about how we stop the silos in our economy.

Clem Sunter, Scenario planner

Sunter has called for a special Convention for a Democratic SA (Codesa) that will tackle the economic inequality still facing the country.

He says economic exclusion and other challenges have not been adequately addressed since the dawn of democracy.

Sunter maintains that the state must play a substantial role in making the economy more inclusive.

The state has to play a substantial role in changing this economy from a very exclusive economy into a much more participative economy.

Clem Sunter, Scenario planner

The renowned futurologist made suggestions on how government and labour can work to cultivate entrepreneurship and build a spirit of wealth creation.

Sunter proposes the following initiatives:

  • a joint bank for entrepreneurs and a pro-poor banking policy at an existing institution
  • a local, crowd-funded and online stock exchange in each city for small businesses
  • business policies that compel big companies to delicate 20% of their supply chain to entrepreneurs

Each city in South Africa should have its own e-stock exhange type of site.

Clem Sunter, Scenario planner

We have the JSE, which is very good for big businesses. We have the banks, which lend money to medium size and big business because the risks aren't too high, but we have nothing for the entrepreneur.

Clem Sunter, Scenario planner

We simply haven't used the power of the internet... getting people interested in buying shares will change the game.

Clem Sunter, Scenario planner

Take a listen to his intriguing insights:


Recommended

by NEWSROOM AI
Read More
[LISTEN] DJ Fresh takes us on a groovy ride through the evolution of house music

[LISTEN] DJ Fresh takes us on a groovy ride through the evolution of house music

Iconic radio jockey and producer DJ Fresh takes listeners on a journey through music and time.

DA's Life Esidimeni billboard 'is cowardice and disrespectful to our families'

DA's Life Esidimeni billboard 'is cowardice and disrespectful to our families'

Lucas a caller who lost a family member at the Life Esidimeni Tragedy says the DA must find other ways of campaigning.

Why reviewing your personal brand is key to career growth

Why reviewing your personal brand is key to career growth

Professionals have to constantly adapt and evolve because of advances in technology and the labour market, a business coach says.

Eusebius: Communities need to take ownership of their schools

Eusebius: Communities need to take ownership of their schools

Eusebius McKaiser says communities need to take responsibility for their schools and make sure that they are not robbed.

What is the more practical approach to the WC water crisis?

What is the more practical approach to the WC water crisis?

Motivational speaker, scenario planner and futurologist Clem Sunter’s gives his insights on the matter.

Clem Sunter calls for a desalination plant in the WC

Clem Sunter calls for a desalination plant in the WC

What if the taps run dry? How many days do we have left? Is it time for an urgent debate on Cape Town's grey-water, asks Sunter

Popular articles
South Africans are getting poorer and poorer

South Africans are getting poorer and poorer

It's not your imagination; we’ve lost a decade. Bruce Whitfield interviews Johann van Tonder, a researcher at Momentum.

No more swiping without sweating! Discovery Vitality introduces new swipe system

No more swiping without sweating! Discovery Vitality introduces new swipe system

The health programme piloted a new tag system at the exit points in a bid to crack down on fake gym visits at a few fitness clubs.

[WATCH] This simple hack shows how you can easily shell a boiled egg

[WATCH] This simple hack shows how you can easily shell a boiled egg

Khabazela shares tweets and Facebook posts that have gone viral.

Woman arrives in CT after driving from Scotland to SA in her old Morris Minor

Woman arrives in CT after driving from Scotland to SA in her old Morris Minor

The journey began in Aberdeen, her father's birthplace, in June last year and ended in Mother City over the weekend.

[LISTEN] Discovery Health defends decision to shift certain ops to day hospitals

[LISTEN] Discovery Health defends decision to shift certain ops to day hospitals

Kieno Kammies speaks to Dr Ryan Noach Deputy Chief Executive at Discovery Health and Dr K who says his patients are suffering.