Stealing a march on crime
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