Nationalization is a Direct Enemy to Entrepreneurship and it Kills Entrepreneurial Spirit: The Case of South Africa
The debate about nationalisation was sparked by a resolution of the ANC Youth League’s 23rd National Congress in June 2008. Matshiqi posits that Kgalema Motlanthe ignited the debate way back in 2006 when he was invited to give a keynote address of the 62nd Anniversary Celebration of the ANC Youth League. Motlanthe challenged the ANC Youth League and the nation to debate on the idea of setting up of a mining company to fund free basic education and free higher education for all. Shivambu argues that the issue of nationalisation has always been ANC policy and was in line with the ANC’s Freedom Charter of 1955. He said that past ANC Presidents such as Oliver Tambo, Alfred Nzo and Nelson Mandela spoke about nationalization.
Multiple roles of Micro-financing and microcredit to the clients in in TUGENDANE N’IGIHE SACCO of Rwnda
Micro finance can be defined as financial services offered to low income clients, consumers and self employed persons or groups that is unable bank on the mainstream, conventional financial services. Microfinance thus is a small scale loans, remittances, insurance, savings and the other financial products offered to people at the grass root levels in most unconventional ways.
This method is often described as credit offered to unemployed or underemployed and referred as micro credit without any collateral security. Microfinance products are serving the socio economic needs of the clients in TUGENDANE N’IGIHE SACCO in the East African state Rwanda. It could provide financial assistance to meet their immediate family needs, capital to develop small scale entrepreneurship and occupational needs so that it could enhance the quality of living of the clients involved in this process
While the concept of entrepreneurship has existed for some time, we are witnessing a resurgence in both research as well as formal degree programs. I think this is triggered by a number of factors. One key factor is that most net new growth in jobs today emanates from small to medium-size businesses. Larger firms are turning to alternative organizational forms to compete in the global economy. This ranges from trimming the various managerial layers to strategic outsourcing as well as joint ventures.
A second key factor is that concept of taking an idea to market involves a degree of competitiveness—often lacking in the larger firms. That is not to say it is absent but the vagaries of internal politics and satisfying multiple stakeholders is usually distasteful to the entrepreneur. Indeed, I have known several entrepreneurs who began with larger firms but were adamant that they would do things differently when they began their own business.
Like many good ideas and eventual multi-million-dollar companies, “the dot” started out as the hobby of a graduate student, Bob Dessing, earning his Ph.D in Computer Science.
“Look at this,” Bob called to his then-girlfriend and later-wife, Sandra. He stuck an adhesive plastic dot, half the size of a dime, onto the recessed bottom of a bottle of wine on their kitchen counter.
“Let me guess,” Sandra smiled. “That dot tells me if the wine has a bad cork or has turned to vinegar.”
“Better,” Bob beamed. He pulled a simple hand-held barcode scanner from his briefcase. A couple protruding wires and assorted solder marks told Sandra immediately that this was no ordinary scanner.
With considerable flourish, Bob swept the scanner past the bottle of wine, about two feet away. He pointed to the letters appearing on the digital readout of the device: “Dry Creek Chardonnay, 2007, purchased 1/22/2008 $16, today’s retail $32.”
“So … “Sandra stroked her cheek. “What, we can now get a daily reading on the value of our four bottles of wine? Bob, how much time have you spent on this?”
Small-scale mining entrepreneurs are confronted with a variety of challenges during both the start-up and growth phase of their businesses not only in South Africa, but all over the world. Therefore, losing prospects available to them. The aim of this paper was to explore prospects and challenges faced by small scale mining entrepreneurs in South Africa (SA).
To attain this end, a qualitative research paradigm was instituted for both data collection and analysis. The findings of this study concur with the literature, that there are indeed plenty of prospects available to small scale mining entrepreneurs. However, the most outstanding prospects was free training and funding. Nonetheless, the receptiveness of these prospects is somehow conditional.
Use of clues, by Arthur Conan Doyle (a trained medical doctor himself) who created the immortal detective Sherlock Holmes captivates readers and television audience even today. Part of the explanation perhaps can be found in the apparent superhuman ability to smell out the trail left by the hapless criminal by examining seemingly trivial tit-bits of information garnered through an uncanny ability for observation. While the bits of clues are by themselves insignificant, the conclusions arrived at are dramatic.
However, to the trained mind it is “elementary dear Dr. Watson!” The use of financial ratios can achieve similar dramatic results because of the inter-relationships that exist between the various parts of the three financial statements themselves and characteristics that must somehow accompany them. The absence or presence of certain characteristics can be therefore become indicators of distortions, that must be examined and cross-verified with other data to arrive at definitive conclusions. In this chapter we propose to introduce the reader to those clues and how to link them together to arrive at a conclusion as to the reliability of financial statements as representing the true financial position of a company.
An internet banking firm in its start-up phase decides to use impress upon its future clients and depositors a new method by computer software to have them create their own competence in handling communications, loans and deposits with the internet bank. They develop software in a manner similar to scientific software for handling problems associated with mistakes by the clientele, depositors and personnel of the internet bank.
The purpose is to build confidence by the customers in handling the various computer actions taken during the decision making characterized by loans, deposits and other commercial transactions handling during the interface of the customer and the internet bank. They read about the pitfall denoted by others in previous manuscripts written by others and software consulting in the information technology industry. Often the data analysis and data analytics terms are used to describe the techniques in developing the software.