A Quote by Thabo Mbeki
We raised the matter of an agreement that was reached at the Growth and Development Summit, which was that we should access a certain part, 5% was mentioned, of the funds in the hands of the institutional investors, domestically, for investment in the real economy. That being an agreement of the Growth and Development Summit, we will engage South African business to see how we can make that a practical thing. So, there is a different set of engagement with local business.
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There is a tendency just to talk about foreign investors. Over 80 per cent of new investment in the South African economy is South African and therefore the engagement of the South African investor is also a critical part of this process.
At many companies, business development is treated as a sales tool for incremental growth, but I believe that business development can bend our growth curve in a big way. It should accelerate our ability to grow, helping us quickly close gaps or leap ahead of competitors.
Where two nations are gonna have a summit and a joint agreement's gonna be announced, the joint agreement and the language is all decided before the summit ever happens.
What we need is to think strategically about development, analyzing a country's potential role in its region and the world in search of opportunities for growth. Platforms like the Global Social Business Summit can facilitate the process on bringing about change.
I think anybody who knows anything about South Africa and the South African economy would know that one of the big constraints to growth and development is skills shortages. So all of us, need to come at this thing as vigorously as is possible and, of course, the private sector has the capacity to take it on board.
Summits [World Summit on the Information Society] are meant to help governments reach a global consensus on major issues which has proved elusive in established fora. They do so through the embarrassment associated with failing to sign a summit's final agreement.
A real economic development policy would address the root issues hampering business growth, like access to credit and marketplaces so dominated by giant companies that it is impossible to compete.
We have a series of regular meetings with South African business. Big business. Black business. Agriculture. As well, of course, with the trade unions. A whole series of meetings like that which engage issues that these South African social partners need to address.
We have a raising wages agenda. And that includes tax policy, trade policy. TPP is a very bad agreement. Covers 40 percent of the world's economy, and it will cost us jobs. It's not well-drafted. It's an agreement, an investment agreement that will benefit Wall Street a lot, but not working people.
The solution is to change the cake recipe, and that's the way it is with government. We can start adopting policies that work and that encourage economic growth. If you got incentives for encouraging big business development but not small or medium business development, it's not going to work. It needs to work for all three.
It's easy to look down from the summit you've reached, or even the summit I've reached, and talk about the responsibilities of the artist, but most people are just trying to get their foot in the door and make a living.
I believe economic growth should translate into the happiness and progress of all. Along with it, there should be development of art and culture, literature and education, science and technology. We have to see how to harness the many resources of India for achieving common good and for inclusive growth.
I believe economic growth should translate into the happiness and progress of all. Along with it, there should be development of art and culture, literature and education, science and technology. We have to see how to harness the many resources of India for achieving common good and for inclusive growth.
Education is a business - the growth business. It cultivates the growth of our learners, translates the growth of new knowledge, and builds professional growth.
Growth is the mantra of our society because the economy can't remain healthy without growth.Impregnable monopolies aside (and these are few), profits are both the hallmark of capitalism and its Achilles heel, for no business can permanently maintain its prices much above its costs. There is only one way in which profits can be perpetuated; a business-or an entire economy-must grow.
Investment is crucial. Because the truth is, you only get jobs and growth in the economy when people invest money, at their own risk, in setting up a business or expanding an existing business.
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