Man those Hyrox organizers must be making serious money. Making people pay to exercise, no cash prize in sight or goodie bags just a little card to take home. That's a clean scam ngl😮💨����🏾
@SayEntrepreneur 1/2 the products on the slip are not essentials, you choose 2 x dental floss @ R240 + hot choc @ R75 over food items? Focus on meat, grains etc not nonsense
South Africa remains stagnant and failing because it traded the engineer for the lawyer
Substituted the factory manager for the chartered accountant
Swapped the materials scientist for the banker
Glorified the finance manager over the artisan
Prematurely gave up the bullet for the ballot
Rewarded the office park over the industrial park
Magnified the tender consultant over the town planner
Elevated the compliance officer over the soil scientist
Worshipped glorified credentials over capability
Idolised the procurement officer over the inventor
Traded the civil engineer for the civil servant
Traded the mine surveyor for the mining indaba
Chose the consultant over the craftsman
The common thread in South Africa is the rise of the intermediary.
In a healthy industrial economy, value is created at the source, which is the factory, the farm and the mine.
In an economy like SA’s that has swapped the artisan for the accountant, the primary mechanism of wealth generation becomes the cut taken by the middle man who does not necessarily add value to the physical product, only extracting value from the transaction.
You cannot and will not develop a nation by attempting to skip the industrialisation phase and jumping head-first into a service-based global economy.
When the primary route to wealth runs through state tenders, compliance, licensing and procurement, you get rent-seeking rather than value creation where incentives point away from building things and toward positioning yourself between the builder and the buyer.
This is not about Fana Hlongwane or Ze Nxumalo, but yes, just like that.
Serious industrial nations don’t take accountants as seriously as South Africa does.
In industrialising nations, like Vietnam and surrounding states, for instance, the most prestigious roles are found in engineering or industrial management because the economy is physically building things.
Meanwhile, in South Africa, SAICA’s CA(SA) is viewed as the ultimate golden ticket.
But it’s not only in developing/industrialising nations where accountants take a back seat. In the US, Germany and Japan, CEOs are generally product people or engineers, while in South Africa, a massive percentage of JSE-listed CEOs are chartered accountants.
The reason for this is that the South African economy has been deindustrialising for decades, so the existing companies don’t grow by inventing new things or expanding production. They “grow” through the financial engineering of mergers, acquisitions, cost-cutting, and “tax optimisation”.
The consequence of this is that if you compare SA to an employment-dense industrialiser like Vietnam, you find that the latter focuses on vocational excellence. Over there, an accountant is just a back-office functionary who supports the factory. The hero is the plant manager who meets a production quota.
But South Africa, to its detriment, is obsessed with compliance excellence. The factory, if it even exists, is a “risk” to be managed, and the chartered accountant is the high-priest who tells the board if that risk is acceptable.
By taking accountants this seriously, South Africa has perfected the art of measuring value, but has neglected the art of creating real tangible value.
The worship and adoration of the CA(SA) is a symptom of a services-led economy that has skipped the labour-intensive industrialisation phase, and this is primarily why the unemployment epidemic cannot be resolved.
Meet Jonas Lekganyane a self-taught animator and the founder of Rams Comics - a 2D Animation company based in Johannesburg. After he dropped out from the University of Pretoria in 2012 due to financial crisis. He started learning how to animate using YouTube tutorials and the same year he launched a hit animated online series called The Adventures of Noko Mashaba. An episode of the show called "Noko VS Izikhothane" was related as the most watched YouTube video of the year by Google when it revealed the most watched video of the year in South Africa 2014. In 2015 Noko Mashaba won the South African Film, Art, Music & Entertainment award (FAME) for the best comedian. He also sealed a big contract with MTN. Lekganyane is also an inspiring entrepreneur, cartoonist, sound producer, voice-over artist and a writer.
@SizweDhlomo It's not good at all, however there are safe guarding issues related to teachers/coaches transporting children in their personal cars, which makes me support the no transporting in your car but this isn't safe guarding based it's a commercial move
Most military strikes ordered by U.S. presidents have been done without prior Congressional approval. She either doesn’t know this, or does know it and hopes nobody will remember so she can score a cheap political point.
@CityPowerJhb The power has been off since last night, at first you said Cleveland substation you never came back with etr now you tell us it's Sebenza!!!