PLEASE NOTE:

MyNews24 is a user-generated section of News24.com. The stories here come from users.

 
Tiisetso Maloma
 
Comments: 8
Article views: 895
 
 
Latest Badges:


 
View all Tiisetso Maloma's badges.
 

The cure for unemployment

27 July 2012, 09:26

Whenever we talk of unemployment; we tend to miss what primarily runs economies and employs people: Commercial products by those people called entrepreneurs run economies.

These products then employ human skills. So therefore; for more unemployed human capital to be utilized in the economy; we need more and new entrepreneurs to introduce their ideas. Economic products lead in controlling the employment of human skills.

The two major problems in South Africa in terms of creating employment; creating employment also should be know as creating economics products; are:

  1. We do not own most of the products we consume. Foreign investment enjoys our consumption. Not us. We need local owners of various consumable brands; which then will secure employment.
  2. Our funding models are holding us back. A case where government should come in. It’s understandable that banks require collateral.

Given our history; where a minority was the only allowed in creating economic products. When freedom opened up; that small concentrated economy had to fit the previously suppressed majority.

We find ourselves at a point where the majority of citizens (now including white and black) don’t have any collateral to secure funding in creating economic products.

Such a situation makes sure we do not move anywhere in creating jobs.

NO NON-COLLATERAL FUNDING = NO CREATION OF NEW PRODUCTS = NO CREATION OF JOBS.

The “proven-concept” requirement for funding guarantees there are no new products; therefore no jobs.

Here is where government must come in. And stop favouring only labour intensive projects.

In closing; employment is informed by creation, innovation and; leveraging activities; of economic products

Tiisetso Maloma is an entrepreneur; a scholar in development economics and culture marketing. Follow him on twitter @tiisetsomaloma

Disclaimer: All articles and letters published on MyNews24 have been independently written by members of News24's community. The views of users published on News24 are therefore their own and do not necessarily represent the views of News24. News24 editors also reserve the right to edit or delete any and all comments received.

 

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
8 comments
Comments have been closed for this article.

Read more from our Users

Submitted by
Jess Green
Which skills are in most demand i...

Research from Adzuna South Africa (adzuna.co.za), shows that science, technology, engineering and mathematics are still the best skills to have to ensure a good job, stable career and better-than-average salary. Read more...

0 comments 2479 views
Submitted by
Anne Munro
Inequality?

 Read more...

0 comments 251 views
Submitted by
Xolani Nkosi
My ANC faced by a slow death

I'm concern about how the ANC in KZN is being ran now, this Sihle Zikalala crew is just there full of young people who there to enrich themselves.  Read more...

0 comments 393 views
Submitted by
Elizabeth Krohn
Give a thought to this

people are to busy to spend time reading the Bible or don't believe it anyway... just superstitious nonsense!  Read more...

0 comments 142 views
Submitted by
Jacques Brits
Quite right

I have to say its a great shame whats befallen mainly black people in this country. Most have so little that they don't have anything to lose. Read more...

0 comments 153 views
Submitted by
Herman Cummings
The Truth of Genesis: The Seven ...

When we speak of the Feasts of the Lord, we are talking about the word “moadim”, which means “appointed times”. Read more...

0 comments 201 views
 

services

E-mail Alerts The latest headlines in your inbox

RSS feeds News delivered really simply.

Mobile News24 on your mobile or PDA

E-mail Newsletters You choose what you want

News24 on Android Get the latest from News24 on your Android device.

SMS Alerts Get breaking news stories via SMS.

TV Get us in your home, on your television.

 
Interactive Advertising Bureau
 
© 2016 24.com. All rights reserved.
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.