3 ms·
South Africa has serious structural issues preventing a tech revolution: a rotten school system, a welfare-based economy with a tiny tax base, that is dependent
by buyx 13y ago
South Africa has serious structural issues preventing a tech revolution: a rotten school system, a welfare-based economy with a tiny tax base, that is dependent on credit-driven consumer demand rather than production, underinvestment in infrastructure, and government with a huge mandate, that is too timid/rent-seeking to change things (heaven help us if our Proportional Representation system fragments into something like those of Israel or Italy), big business that has a long tradition of collusion and price-fixing, a white minority that is hell-bent on maintaining the status quo, and a union movement that cripples job creation. Previously, South Africa was a resource-driven economy - there are limited traditions of entrepreneurship.
The chances are good that the African startup revolution, if it comes, won't start in South Africa.