Overcoming major barriers to social mobility and economic inclusion in South Africa requires a collaborative approach that engages all stakeholders. We need to build trust relationships that emphasise the considerable multiplier impact and transformational potential of working together for more inclusive socio-economic outcomes. At the centre of these engagements are compacts between government (including policymakers, regulators and ministries), business, communities, labour organisations, education institutions and other youth stakeholders, built on common goals.
Policymakers should bring together data on industrial policy and tax incentives to set policy priorities that encourage the growth of sectors and localities with the strongest multiplier impact on social mobility, shared value, economic inclusion and sustainable livelihoods.
Principal stakeholders: government (mainly the dti and Department of Finance), business and labour.
Active partnerships between government, business and civil society can unlock the massive investment and job creation potential of South Africa’s municipalities. Spillovers will enhance the growth of surrounding areas, and all stakeholders will benefit from more productive and efficient economic activity.
Principal stakeholders: government, business and civil society
Government and business have key roles to play in stimulating and enabling the growth of small, medium and micro-sized enterprises (SMMEs) as potentially major contributors to job creation and social mobility.
Principal stakeholders: national government, big business, municipalities and communities
The focus of the current asset management model on a shallow pool of listed stocks should shift to investing directly in new businesses with the potential to have a significantly greater multiplier effect for society.
Principal stakeholders: business, tertiary education institutions, professional associations, and communities
Many stakeholders – including government, families, communities and businesses – are responsible for supporting older people as their care needs increase. They should therefore work together to develop an equitable, accessible, efficient and fair system that provides this support.
Principal stakeholders: government, business, and communities and families