PLEASE NOTE:

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

 
Tiisetso Maloma
 
Comments: 8
Article views: 880
 
 
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.
 

Read News24’s Comments Policy

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
Add your comment
Comment 0 characters remaining

Read more from our Users

Submitted by
Pixie86
South Africans - such negative Na...

Every time something great happens I go to social networks with the hope of seeing my fellow countrymen celebrating with me. Instead I am always confronted with such negativity. Read more...

65 comments 3500 views
Submitted by
MikeHampton
New Political Party On its Way?

ANC envoys will undoubtedly be scurrying to and fro in an attempt to heal the Tripartite Alliance (ANC, COSATU and South African Communist Party) that has dominated the country's politics for 20 years. Read more...

8 comments 1736 views
Submitted by
XFactor
Do Africans Lack Proper Standards...

The one question that is so often the subject of heated debate between myself and my colleagues is the question on why Africa is generally so poor. And by poor I mean both intellectually and financially. Read more...

67 comments 3429 views
Submitted by
Mohamed Altaaf Raoof
Festive Season Road Carnage

It's December time. Holidays are in full swing and it's the silly season too. Every year we hear about our festive season death toll and the festive road safety campaigns that come with it. Read more...

26 comments 1774 views
Submitted by
Moneygrabber
Matric is useless!

There is no value in a matric certificate. You've been trained to take orders and you leave that way.  Read more...

52 comments 6051 views
Submitted by
Alexander Sudheim
Blitzbokke: Lessons for Heyneke

Moments after the Boks put the sword to New Zealand to be crowned winners, all I could say was: "What a revelation." Read more...

26 comments 5191 views

Jobs in Cape Town [change area]

Property [change area]

Travel - Look, Book, Go!

Kalahari.com - shop online today

Up to 50% off on outdoor gear

Save on chairs, blankets, cooler bags, umbrellas and more. Shop now!

Save on Samsung

Cameras, mobile phones, TVs, Tablets and more. While stocks last. Shop now!

15% off LEGO

Save 15% when you buy 2 or more Lego toys. Offer valid while stocks last. Shop now!

Grand Theft Auto 5

Now available on PS4, Xbox One and PC from R649. Buy now!

Festive gifts!

Check out our awesome range of festive gifts to make everyone’s wishes come true. Shop now!

OLX Free Classifieds [change area]

Samsung Galaxy s4

Mobile, Cell Phones in South Africa, Western Cape, Cape Town. Date October 24

Best bargain in big bay

Real Estate, Houses - Apartments for Sale in South Africa, Western Cape, Cape Town. Date October 25

VW Golf 6, 1.6 Trendline (Excellent condition)

Vehicles, Cars in South Africa, Western Cape, Cape Town. Date October 25

 

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 your iPhone Get News24 headlines on your iPhone.

SMS Alerts Get breaking news stories via SMS.

Blogs Your opinion on you, me and everyone.

Calais Website keywords automated by OpenCalais.

 
Interactive Advertising Bureau
 
© 2014 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.