ALLAN GREENBLO: Financial literacy at work for the poor
Bringing on greater dignity and bigger markets
There are two contrasting perceptions of SA, rarely to mix. They’re as distinct as oil from water. One is in the quagmire of crime, corruption, unemployment and unsatisfied expectations in an environment of economic shrinkage. In political speak, racism stereotypically intrudes. Dominating airtime, it’s the stuff of depression. The other is its polar opposite, of South Africans harmoniously progressing across the lines of class and colour. Because it happens in the ordinary course of daily lives, it usually grabs attention only on the occurrence of an exceptional event; no better example suffices than the new-look Springbok rugby team. This is the stuff of inspiration. Yet there are myriad other examples, less dramatic but no less profound, that bypass the public eye. Take the successful incubation of 28 microbusinesses in some of SA’s poorest rural areas. At present the magic isn’t in the number of businesses, encouraging though it is for this pilot project of the Association for S...
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