Clem Sunter backs GG Alcock, applauds township entrepreneurs, tells Malema they're lighting a path to true economic freedom

Loading player...
Clem Sunter is in a league of his own. The former head of Anglo's Gold and Uranium Division (when it was the world's #1), the Oxford-educated futurist and prolific best-selling author is passionate about encouraging entrepreneurship. Particularly those resilient beings who overcome incredible odds by operating successfully in South African townships, a highly compeititve, under-researched and under-supported sector. Sunter has little time for State-imposed schemes that waste taxpayer money on favouring the creation of 'businesses' by the politically connected. Much better, he says, for government to recognise a veritable army of informal sector entrepreneurs building businesses and creating jobs where meritocracy rules. In this interview with Alec Hogg, Sunter lauds the insights of recent BizNews interviewee GG Alcock - suggesting his voice is the one should be heard above those of many empty vessels whom ignore the township economy and thus have little feel for what's really happening in South Africa. Learn more about your ad choices. Visit megaphone.fm/adchoices
26 Jul 2022 5AM English South Africa Investing · Business News

Other recent episodes

BN Daybreak: Iran war oil surge; Apple sues OpenAI; Endres on SA's fixed investment woes

In today's BizNews Daybreak we cover the escalating US-Iran conflict and its impact on soaring crude oil prices. In South Africa, Dr. John Endres critiques low fixed investment rates, SARU faces backlash over overpriced Springbok tickets, and over 53,000 undocumented foreign nationals are successfully repatriated. Finally, Apple hits OpenAI with…
13 Jul 11PM 18 min

BizNews Edge: Why the IRR's John Endres is more bullish on SA than Britain

John Endres, CEO of the Institute for Race Relations, tells BizNews that the elite consensus defending BEE is cracking, even as its beneficiaries defend it loudest. He points to the Starlink saga - blocked partly over empowerment shareholding while a pricier, slower rival wins state favour - as proof the…
13 Jul 8AM 24 min

A world-first: the bond that pays out when nature wins

In this BizNews interview, Irakli Rekhviashvili sits down with the three people behind FirstRand's R2.5 billion Cape Water Performance-Based Bond, the first time a commercial bank anywhere in the world has tied a bond's payout to nature. The Nature Conservancy's Louise Stafford traces it to 2018, when Cape Town's dams…
12 Jul 8AM 15 min