Steal­ing a march on crime

Financial Mail - - DIAMONDS & DOGS - @jamiecarr

It’s no co­in­ci­dence that the rapid in­no­va­tion and en­tre­pre­neur­ial ex­cel­lence one sees in many sec­tors has arisen in re­sponse to the fail­ure of the state to pro­vide the ba­sic ser­vices that many a coun­try would take for granted.

Your stan­dard well-man­aged Scan­di­na­vian democ­racy, for ex­am­ple, is un­likely to foster sus­tained in­vest­ment in the likes of pri­vate ed­u­ca­tion, pri­vate health care and crime pre­ven­tion, be­cause these sec­tors are well pro­vided for by gov­ern­ment in re­turn for eye-wa­ter­ing in­come tax bills.

The sit­u­a­tion is a lit­tle dif­fer­ent in SA, how­ever, and these are ar­eas in which the cit­i­zenry with the means to do so is run­ning into the arms of the pri­vate sec­tor at con­sid­er­able speed.

The likes of Curro in ed­u­ca­tion and Dis­cov­ery in health care are ex­cel­lent ex­am­ples of world-class oper­a­tions spring­ing up to ad­dress the lim­i­ta­tions of the state’s of­fer­ing. Sim­i­larly, small­cap Car­track is de­vel­op­ing a high­qual­ity range of so­lu­tions to get your wheels back when lifted by foot­pads and high­way­men, in the ab­sence of any great con­fi­dence in the abil­ity of the SA Po­lice Ser­vice to do any­thing con­struc­tive to help.

The com­pany has achieved 25% subscriber growth in the year, on the back of an au­dited 91% stolen ve­hi­cle re­cov­ery rate that will give com­fort to its cus­tomers while giv­ing any­body con­sid­er­ing car theft a firm push to­wards an al­ter­na­tive ca­reer path.

The mar­ket has growth po­ten­tial at the lower end, par­tic­u­larly as Car­track now of­fers a theft-only in­sur­ance prod­uct for a mere R9.99/month, and this of­fers the com­pany enor­mous op­por­tu­ni­ties for the fu­ture.

After Labour’s vic­tory, de­vel­op­ers were viewed as a suc­cubus in­tent on gorg­ing on the very lifeblood of the wor­thy pro­le­tariat

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