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
How technology is changing the world of archaeology

How technology is changing the world of archaeology

This week Technobyte looks at how technology is changing archaeology, SA’s IoT network and Uber's on-demand staffing system.

[LISTEN] Catch up with this in-depth look at the week's news and analysis

[LISTEN] Catch up with this in-depth look at the week's news and analysis

Political Journalist at News24 Matshidiso Madia gives an analysis of the past week's political headlines.

How to help your kids adjust to new siblings

How to help your kids adjust to new siblings

Clinical psychologist Khosi Jiyane says parents must recognise the anxiety new siblings create and give other kids reassurance.

Khayelitsha fire victims should get same help as Knysna says Sizwe Mpofu-Walsh

Khayelitsha fire victims should get same help as Knysna says Sizwe Mpofu-Walsh

Sizwe Mpofu-Walsh and callers discuss ways that corporate SA should help displaced Khayelitsha fire victims in Cape Town.

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
'They must release you, we want you outside' Minister Mokonyane tells Omotoso

'They must release you, we want you outside' Minister Mokonyane tells Omotoso

Nomvula Mokonyane tells rape accused Timothy Omotoso that they must release him as he is wanted outside.

[WATCH] Can you do the Thuso Phala and Vosho as well as this little boy?

[WATCH] Can you do the Thuso Phala and Vosho as well as this little boy?

Khabazela shares some of the most popular tweets, posts, and videos on 'What's gone viral'.

Cape Town loses millions in public transport strikes and damages

Cape Town loses millions in public transport strikes and damages

Current strikes and damage to infrastructure have a negative impact on business in the city where people rely on public transport.

Vavi disputes government's claim of exorbitant salary bill

Vavi disputes government's claim of exorbitant salary bill

Saftu secretary general Zwelinzima Vavi says minister's figures are wrong and another way to limit poor from getting services.

CT council to decide on charging De Lille following new forensic report

CT council to decide on charging De Lille following new forensic report

The Bowman Gilfillan report, yet to be made public, found that De Lille allegedly failed to report tender corruption to council.