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Entrepreneurs can economically liberate South Africa

Delivering his inaugural lecture Prof. Watson Ladzani (Department of Business Management), second from right with Prof. Raphael Mpofu (Deputy Executive Dean: CEMS), Prof. Mamokgethi Phakeng (Vice-Principal: Research and Innovation and Prof. Tersia Brevis-Landsberg (Chair: Department of Business Management). 

When South Africa achieved democracy in 1994, it opened up the country numerous possibilities. Trade bans were lifted, the country was once again allowed to compete in international sports and the economy became a formal participant in international markets. However, 19 years later, the rand is under a constant barrage, slipping further and further from the dollar, pound and euro and the nation’s gross domestic product (GDP) and growth are being stifled. Does this mean that South Africa’s democracy has not found that pot of gold at the end of the rainbow nation dream? 

Professor Watson Ladzani from the Department of Business Management discussed the country’s economic liberation at his inaugural lecture on 7 August 2013. Ladzani’s lecture, From political to economic liberation in South Africa: Are we there yet? deals with the question of South Africa’s sustainable economic liberation post-democracy, focusing on one of the Millennium Development Goals (MDGS), to end poverty and hunger by 2015. South Africa has the triple challenge of inequality, poverty and unemployment, and entrepreneurship can be a catalyst for changing that situation. The world of politics opens up doors to the world of economics and this brings about the consideration of whether, in the same way that internal and external forces brought about political liberation, similar strategies should be used for economic liberation. These include external forces such as other nations applying pressure such as the economic sanctions, political exclusions and religious interventions that finally brought about political liberation. 

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