The Solomon Mahlangu Freedom College (SOMAFCO) in Mazimbu, Tanzania, remains one of the many good, if not great stories to tell about our painful liberation history. Its infrastructure and history showcases the great vision of sustainable communities envisioned by the late struggle icon, O.R Tambo and his leadership cohort.
The SOMAFCO Trust challenges you to write an essay on the innovative methods that can be used to encourage and promote an atmosphere of self- sustainability amongst young people and inspire an entrepreneurial culture.
“We need to build on the tradition of African and human solidarity. African economic integration is an important strategic priority for South Africa. Trade is a mechanism that allows a country to invest at scale in areas that are considered strategic to the building of a highly competitive domestic economy, whilst importing at the best possible price those goods which the domestic economy is ill-equipped to produce.
Investment integration allows for the flow of capital between partner countries so that economic opportunities in the region as a whole can be exploited even if an individual country has limited capital availability. As a medium-sized economy, South Africa is at a structural disadvantage in building our industrial base given our remoteness from major global markets. This hinders our ability to invest in adequate economies of scale, realise technology learning curves and build robust clusters that are the backbone to a competitive industrial economy.
However, in relation to the African market, South Africa has a locational advantage – by failing to foster high levels of economic cooperation and integration in Africa, we are effectively imposing limits on the growth of the South African economy. The considerable priority that European governments have given to the building of an economic union suggests the importance of an analogous project in Africa”
-Hon Malusi Gigaba at the event of the Annual Lecture delivered at SOMAFCO in Mandela Square, Mazimbu, Tanzania
Write an essay and suggest practical ways in which we can achieve African economic integration by using entrepreneurship as a foundation.