R7

Finweek English Edition - - INSIGHT -

mil­lion has al­ways been a magic num­ber for me.

When I was grow­ing up, my fa­ther told me this was, ac­cord­ing to his cal­cu­la­tions, the amount he would need to re­tire. One of the lessons he drilled into me in my later teens was that he could never achieve this num­ber sim­ply by go­ing to work ev­ery day and draw­ing a salary ev­ery month. He needed to have op­tions for gen­er­at­ing ad­di­tional in­come and this could come from prop­erty, shares or the in­vest­ment he had made in his own small busi­ness.

It is a les­son that has stuck with me through my twen­ties, when I owned prop­erty, made and lost money on shares and blew up the odd busi­ness along the way. What has al­ways stayed with me though was the con­cept that I needed to be con­stantly on the look­out for gen­uine in­vest­ments, and by that I don’t mean day-trad­ing the stock mar­ket.

I re­late this story be­cause since pub­lish­ing our story 5 ways to sex up small busi­ness in South Africa and a re­cent edi­tion of The Big De­bate on SABC2, the sub­ject of black par­tic­i­pa­tion in the econ­omy has again come un­der scru­tiny.

As pre­dicted, the Fin­week cover story on en­tre­pre­neur-

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