My Three Wishes for South Africa: Insights from business leaders
26 Apr, 2023

Don Andrews, Head of the Investment Survey Team at Alexforbes

 

As South Africa approaches Freedom Day on 27 April, a day that commemorates the end of apartheid and the progress made towards freedom and democracy, business leaders are reflecting on the challenges that still exist in the country. In a recent survey conducted by the Alexforbes investment survey team, business leaders were asked to share their three wishes for South Africa – hypothetical wishes that would contribute to the nation’s growth and development.

 

Don Andrews, Head of the Investment Survey Team at Alexforbes, highlighted the significant social issues that South Africa faces, including poverty, gender and racial inequality, unemployment, and social justice. Despite the progress made, there is a growing sense of disillusionment and frustration among some, who feel that democracy has not delivered on its promises.

 

The wishes shared by business leaders in the survey were seen as crucial for addressing these challenges and creating a more prosperous and equitable society. The top three wishes were:

 

  1. A corruption-free environment in state-owned entities would ensure their efficient functioning, financial sustainability, and contribution to economic growth.
  2. Reducing crime and lawlessness would lead to improved safety, security, and a conducive environment for economic growth and development.
  3. Improved access to quality education and meaningful employment would reduce poverty and inequality while ensuring that all citizens have the necessary skills to participate in the economy.

 

Furthermore, finding a permanent solution to South Africa’s energy and electricity challenges was also highlighted as a crucial wish. A reliable, affordable and sustainable energy supply is vital for both households and businesses.

 

While these wishes are essential, the survey results also emphasised that more than three wishes are required to address the complex issues facing South Africa. Business leaders recognised their role in actively addressing socio-economic challenges and emphasised the need for collaboration with the government to find sustainable solutions.

 

“The challenges facing South Africa are multifaceted and require a collective effort from all stakeholders,” says Don Andrews. “As business leaders, we have a responsibility to actively engage in finding solutions that contribute to the country’s growth and development.”

 

The results of the 2022 Alexforbes Annual Retirement Fund Survey, which featured the thoughts and wishes of business leaders, serve as a call to action for businesses. They need to play a proactive role in addressing social issues and working towards a more inclusive and prosperous South Africa.

 

If you would like to delve deeper into the insights and perspectives shared by business leaders on some of the critical issues facing our country, we invite you to access the full article by clicking below.

 

 

ENDS

 

Author

@Don Andrews
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