Learn more about the history of MJB Business Consultants and our mission and vision to create a positive change in the world of those in need. We are Building Relationships with potential donors who, are willing to assist with financial donations to all startup entrepreneurs and small businesses affected by South Africa's weak economic growth.
VALID CONCERNS:
South Africa's economy has indeed faced significant challenges in recent years, and Governance issues have played a substantial role. Here are some key points to view:
1) State Capture and Corruption: The phenomenon of State capture, where Government institutions and BEE enforcement are exploited for personal gain (self enrichment and corruption), has severely impacted South Africa's economy. Corruption has led to the misallocation of resources, undermining economic growth.
2) Fiscal Mismanagement: Successive governance have struggled to manage the country's finances effectively. ( Government officials enrich themselves and friends). This has resulted in rising world debt levels, inefficient allocation of resources, and lack of investment in critical areas like infrastructure and education.
3) Lack of Economic Growth: South Africa's economic growth is very sluggish, averaging 1-1,5% per annum over the past 20 years. At this moment the economic growth has dropped to an all-time low of only 0,3% per annum. This is insufficient to address the country's significant developmental challenges, including high unemployment and poverty rate.