Stifling black growth — and profiting, SUNDAY TIMES, Business Times
COULD not agree more with what Sandile Zungu said in “Still at the gates of the economy, 20 years on” (October 5): the government has not been helpful in starting up businesses. You might come up with the most innovative ideas that support government policies to create or save jobs, but the gatekeepers at financing institutions, who have never started a business, will give you textbook answers as to why your business cannot take off. You will be told that you need to benchmark whatever product you are producing with the best in the world, go and form a cluster and come back with a three-year record demonstrating your capability to run such a business. Who in his right mind would need such institutional help if they had been successful for three years? At that stage, you would be looking for investors, not going to the Industrial Development Corporation or the National Empowerment Fund.