Opportunities in the Information and Communication Technology (ICT) industry are in abundance. In fact, it is growing so quickly, failure may just surprise you. Allon Raiz shares some challenges with Finweek on this sector.
A few years ago, the sound of Black Economic Empowerment (BEE) resonated loudly and was the showcase of ‘many business opportunities’ or ’a rapid move up the corporate ladder’. The excitement after university was irrepressible; just the thought of having the red carpet rolled out because I was ‘previously disadvantaged’ and, therefore, qualified for special treatment, made me ever grateful for being black. Over the years, however, the excitement faded, and I began to question whether I really benefited from all the perks of the BEE policy.
In obvious anticipation of the not-too-distant day when liquor advertising is banned, alcohol producers are rushing to market to create new brand propositions or restate old ones. Once the lights go out, and distributors have to fall back on “dark marketing”, the brand market becomes frozen in time. Market shares that took years to build are now strongly entrenched and almost immune to attack. How do you launch a new brand when you can’t advertise it?
Simon revisits the top four interviews from 2012; staffing, meetings, thank you and apps.
According to the World Bank’s 2013 Doing Business Report, South Africa has been joint-ranked, along with Malaysia and the United Kingdom, as the easiest country in the world for small and medium-sized enterprise (SMEs) to access credit.
“African entrepreneurs definitely operate in a more challenging environment and thus need to be more creative and resilient in order to make their businesses succeed.”