Tuesday 30 October 2012

Maam Joyce Banda, President of Malawi, has a Plan for her Country

Malawi is choosing a growth path that will see it overcoming the third world scourge of poverty that is so pervasive in Africa. Malawi is choosing sustainable economic freedom. Who is to say Malawi will not break Singapore's record of growing it's GDP per capita by 5 400% within a period of 40 years. Singapore grew its GDP per capita from US$400 in 1959 to US$22 000 in 1999. And it doesn't have any natural resources to speak of, just it's people and it's strategic location in that region.

Some snippets from Maam Joyce:

  1. We need to pursue an agenda of prosperity, to make things for sale to Malawians & others that will create more wealth. My comment: Fact is Malawi's current GDP per capita is US$300. This is slightly less than Singapore's US$400 GDP per capita at its independence in 1959. It's current GDP per capita is about US$30 000, an increase of 7 400% in ONLY 50 years.
  2. Malawi & other African countries face what has been called 'the challenge of our third liberation' which is described as the necessity of overthrowing the current dysfunctional economic systems which are responsible for the pervasive corruption and patronage we have.
  3. New economic systems need to be developed that encourage businesses to invest & that allow us to participate meaningfully in the global economy.
  4. Now for the first gem: We need to support educational systems that allow our citizens to take up skilled jobs and to build infrastructure that is supportive of growing economies.
  5. While a great must be accomplished, I am optimistic because we can today easily discern the lessons of other successful countries which were once as poor as us. We need to emulate the model in which countries from China to Costa Rica have developed, not through aid, but through entrepreneurship and investment.
  6. We live in an era when more people have left poverty than at any other time in human history. I intend for Malawi to join in this great march of progress. We are ashamedly intent on using private sector know how to turn Malawi from one of the six poorest nations in the world to one that we believe can be an example to others on how to turn around a difficult situation within a short time. My comment: This is very possible, as long you have the resolve.
  7. Another gem: We need to diversify our agriculture sector, ensure there is more value for the small farmer through direct contracting, kick-start our tourism sector & encourage more private sector investment in other areas, including mining.
  8. And yet another gem:  We need to reduce the cost of our landlockedness by improving competition around transport routes - this may be bad for us, what with all the truckers striking & negatively affecting the operation of commerce & industry in countries that use our transport routes. The problem is they may be forced to get alternative routes, for example through Maputo and Beira thus taking away jobs to those places.
  9. The Real Jammer: Our aim is that soon, instead of coming to the EU and other donors with cap in hand to look for aid, we will be on an investment road show.
  10. To cap it all, the diamond on the gem: More than anything, however, we should not lose sight of the overall aim to put more cash in the pocket of ordinary Malawians.

Go Maam Joyce Go, restore dignity to your people & show us the way. Siyabonga.



Tuesday 16 October 2012

R350 million available as SETA refunds

R350 million available as SETA refunds

Global food leader, winning entrepreneurship project partner for township retail model

Global food leader, winning entrepreneurship project partner for township retail model

Entrepreneurs ready to start income-generating businesses

Entrepreneurs ready to start income-generating businesses

Enterprise development gets R2.3 million

Enterprise development gets R2.3 million

Massmart ordered to contribute R200m to fund

Massmart ordered to contribute R200m to fund

Black business wants a bigger slice

Black business wants a bigger slice

SMEs urged to embrace online tools to foster growth

SMEs urged to embrace online tools to foster growth

R400 million venture fund for high impact SMEs

R400 million venture fund for high impact SMEs

Leaving BUSA was madness - new BMF chief

Leaving BUSA was madness - new BMF chief

Friday 13 January 2012


A personal note from the Seda Small Business Stars competition -- www.sedastars.org.za

We are Dr Robin Stead and Martin Feinstein, and together we are responsible for the Seda Small Business Stars competition -- the first truly national small business entrepreneur competition in South Africa. Dr Stead is the CEO of the South African Institute for Entrepreneurship, and Martin was the founder of Proudly South African and has run his own businesses for more than 25 years.

A recent World Economic Forum study found what we have known for years: that entrepreneurs see the world through an opportunity lens rather than through a risk lens. "Starting and building a new venture typically requires an enormous amount of optimism, stamina and the ability to survive some very rocky seas." The same can be said for running and trying to grow an existing business.

Are you an entrepreneur? Do you have a business idea but aren't sure whether it will work? Are you currently running a small business but not sure where to go with it? Or want to start a second business?

If you answered yes to any of those questions, entering the Seda competition could be a really worthwhile exercise -- for three reasons.

FIRST … the process of answering the business plan questions (your answers can be short and in your own words) can really help to sharpen up your idea and your whole business concept. Even for an existing business.

SECOND … if you do make it as one of the 300 finalists and then the 40 winners, you will share in more than R4-m worth of cash and business support prizes.

THIRD … as a winner, it will be a life-changing shift into the fast-lane for your business -- with a whole new network and level of credibility and exposure opening up for you.

Together we have worked with thousands of entrepreneurs over the past few years. What distinguishes those who succeed is that they don't hit the ball only when they are sure of a home run -- they hit that ball when they see the chance of a home run -- or even to add just one more point to the scoresheet. We invite you to hit this one -- we are here to catch the best ones.          

We look forward to receiving your entry and assure you we have a highly qualified team to evaluate your entry and those from other entrants, on a fully confidential basis.

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Dr Rob Stead            and            Martin Feinstein

PS. The closing date is 31 January, so don't delay. We estimate it will take 2 to 5 hours in total to complete your business plan using the on-line template (www.sedastars.org.za), if you have the necessary information.
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