Unemployment has been declared a national crisis in South Africa. Half of the countries youth are unemployed. Can entrepreneurship provide the answer? The insert examines the Kasi economy or “Kasinomic Entreprevolution”, a multi-billion Rand network of opportunity that could provide the answer to youth unemployment.
Among the youth, we need to change our perception of what is considered a job. We have a system of education and aspiration which believes a job is an 8 to 5 situation with a payslip. This is not only outdated in South Africa today; it is outdated in the world. Jobs are sometimes informal, or sometimes you may have many jobs or income streams. This is the future, and when we can free ourselves from the ‘power of the payslip’ and instead aspire to be self-employed, and to find opportunities in the Kasinomic sector, then the opportunities are huge.