Investec CEO Fani Titi<\/figcaption><\/figure>\n\n\n\nAs part of his post on LinkedIn, Titi stated that there is ample evidence that economic inclusion and growth are not mutually exclusive.<\/p>\n\n\n\n
\u201cOne need only think back to the years between 2002 and 2008, following the initial enactment of BEE in our law,\u201d he said.<\/p>\n\n\n\n
This era witnessed a significant increase in the representation of black and female individuals in management and control roles.<\/p>\n\n\n\n
There was also broader access to skills development and expanded opportunities for black- and female-owned businesses.<\/p>\n\n\n\n
It was a period in which economic growth averaged 4% per year, business confidence reached historical highs, and unemployment fell from 28% to 21%.<\/p>\n\n\n\n
\u201cHad this trajectory continued, today\u2019s South Africa would look markedly different,\u201d Titi highlighted.<\/p>\n\n\n\n
According to Investec\u2019s research, the South African economy would now be worth approximately R12 trillion, rather than R7.5 trillion<\/strong>.<\/p>\n\n\n\nThis would have resulted in higher levels of employment, a broader tax base, and more funds to allocate to education, healthcare, policing, and social security.<\/p>\n\n\n\n
\u201cConsider the opportunities that such conditions would present for young professionals, or the prospects of startup enterprises,\u201d he said.<\/p>\n\n\n\n
\u201cMost of those professionals and businesses would be black, and a good proportion female, simply based on South Africa\u2019s demographics.\u201d<\/p>\n\n\n\n
Titi said this is not merely an indulgent counterfactual. It is a picture of what is possible if South Africa can return to a path of inclusive economic growth.<\/p>\n","protected":false},"excerpt":{"rendered":"
Investec chief executive Fani Titi says South Africa\u2019s economy could be worth R12 trillion instead of R7.5 trillion, with higher employment and a broader tax base.<\/p>\n","protected":false},"author":10,"featured_media":843339,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11121],"tags":[1232,22379,24127,1498],"class_list":["post-843337","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","tag-bee","tag-black-economic-empowerment-bee","tag-fani-titi","tag-investec"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/843337","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=843337"}],"version-history":[{"count":4,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/843337\/revisions"}],"predecessor-version":[{"id":843486,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/843337\/revisions\/843486"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/843339"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=843337"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=843337"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=843337"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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