MARK BARNES: Growth will come from Alexandra not Sandton
Investing in township economies is the bridge that will address economic inequality
Service delivery protests are not going away. If anything, they will probably intensify. We simply must put money into our informal sector. Final resolution will not be found in just meeting basic living standards demands. That’s necessary, but it’s not the endgame. Investing in our township economies is at the core of broad-based economic transformation. It is the bridge we need to build to address economic inequality. We don’t need any more skyscrapers in Sandton. What are they, after all, if not just piles of cash stacked on top of each other as a monument to businesses that are going ex-growth? While they’re being built, and for some service providers afterwards, they may create temporary jobs, but they don’t create new customers or grow new businesses opportunities. Huge head offices are often the tired endgame, not the new shoots of business. PODCAST: South African consumers are going through the most. Subscribe: iono.fm | Spotify | Apple Podcasts | Pocket Casts | Player.fm W...
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