We accept 90% failure rate and we write them off as “well tried”. Each start-up employs say 1 – 5 people and they make a few bucks out of it before it goes belly up.
Government on the other hand is pushing these “community” projects which see people starting basket making businesses which are going to be peddled to tourists coming through Soweto.
With due respect neither of those “models” are sustainable.
This infatuation with all things tech at the moment is great from a “community” perspective and ideas sharing but seriously it is a low impact sector in the South African context.
It has only been in the last few months we’ve started throwing some money at things like agriculture.
Tech is great but it has some serious shortfalls as well.
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