While globalisation has raised levels of prosperity, the distribution of this new wealth is still largely unequal.
As a result, the continuing inequality in wealth and power has resulted in citizens being frustrated at not being heard which has led to populist political and economic rhetoric promising social reform.
Stephen Grootes spoke to Clement Chinaka, Managing Director at Old Mutual Corporate on how this has progressed in the past 9 years, since the 2008 global financial crisis, as well as what needs to change.
In terms of changes I think the biggest issue in South Africa is economic growth because we have this us and them, there are people who are perceived to be the elite who are very few and then there is a majority that feels they are left behind, we need inclusive growth in South Africa.— Clement Chinaka, Managing Director at Old Mutual Corporate
I think corporate South Africa, its biggest contribution is in job creation.— Clement Chinaka, Managing Director at Old Mutual Corporate
Click on the link below to listen to the full audio....
The discussion comes after the annual Old Mutual Corporate Wisdom Forum held in Sandton this week. Stephen record this video with Clement at the event...
This article first appeared on 702 : Corporates can help inclusive growth with job creation: Old Mutual