Two of the biggest entrepreneurs in the world are south africans?

**wynn** · 18-Sep-14, 10:53 AM

But they have literally been driven abroad to prosper!!!

How is it possible that South Africa and other African countries produce such staggering successes, but none of the successes accrue locally? And why, for all our talk of enabling environments and supporting local entrepreneurship, are we most successful at chasing entrepreneurs abroad? asks Daily Maverick http://www.dailymaverick.co.za/artic.../#.VBqbJmeM2EU

"Elon Musk’s achievement is staggering. He effectively built a space company from scratch and while competitors such as Boeing use Russian-made rocket engines, Elon Musk has designed his own."

"most South Africans have never heard of. South Africa’s own Ivan Glassenberg built Glencore into one of the biggest mining companies in the world, and now ranks as the fourth-richest person in Australia."

Frankly speaking, the Department of Trade and Industry should be answering to Parliament on why all its talk of enabling environments and supporting local entrepreneurship is so successful at chasing these entrepreneurs abroad?

**Basment Dweller** · 18-Sep-14, 07:07 PM

Never head of Ivan Glasenberg, and only discovered Elon Musk about a year ago. Most South African's in the street won't know who these people are.

**Chrisjan B** · 18-Sep-14, 07:59 PM

Don't forget Mark Shuttleworth.

**adrianh** · 18-Sep-14, 08:55 PM

Because the black government has no interest in white entrepreneurs and because we live in a society where the masses "demand", sit on their asses and destroy everything that anybody tries to build. ...it is the African way!

**reuphk** · 21-Sep-14, 10:05 PM

It is a rather interesting comment. I think that we are moving more towards global citenship. Elon Musk left to go to Canada (best country to live in at that stage according to world ranking) and Ivan Glassenberg to Australia (best country to live in currently).
The point being that we (South Africans) are actually very innovative and have the ability to achieve great success, but we have a country that detracts from that. Not due to our racist outlooks (yes, it is still there, and it has been for many decades), but because we are crime ridden and have too many people that instead of focusing on building our economic strength, worry about politics and everything related to that. We are an African country. Next to China, the continent with the most positive outlook for economic growth. We have resources, we have many of the best ingredients, but we dont capitalise on it. People like Ivan (Glencore which includes another SA mining success story - Xtrata now part of Glencore) and Elon (he started and sold Paypal) and Mark (started and sold VeriSign) and there are many more moved on to (better) other countries, but we still have many in SA and Africa.
But back to the question - I like the suggestion that we reach out to these South African born entrepreneurs and engage them to advise, invest in, develop, mentor or contribute in some manner to South Africa. Anyone know how to go about to get this on the table (and no, expecting T&I or any government department will not help).
I remember that Nelson Mandela reached out to Richard Branson in the days gone past to help when the gym group (forgot their name) was in trouble and hence we now have Virgin Active. Branson has also established the Branson Centre for Entrepreneurship. Can the Innovation Hubs in SA approach Elon Musk...

**reuphk** · 01-Oct-14, 09:30 PM

Originally Posted by reuphk

But back to the question - I like the suggestion that we reach out to these South African born entrepreneurs and engage them to advise, invest in, develop, mentor or contribute in some manner to South Africa. Anyone know how to go about to get this on the table (and no, expecting T&I or any government department will not help).

Small start...
http://www.markshuttleworth.com/archives/1409

**wynn** · 22-Sep-14, 09:45 AM

I see 'Spacex' launched its first payload for 'NASA' successfully this weekend.
Well done Elon.

**Chrisjan B** · 22-Sep-14, 09:46 AM

Need to make a correction: Mark (started and sold VeriSign) - it's Thawte - he sold it to VeriSign.

**Greig Whitton** · 23-Sep-14, 08:11 PM

The migration of wealthy entrepreneurs isn't a local-specific trend. In fact, the prevalence for South Africa is lower than many other countries.

**Dave A** · 24-Sep-14, 07:11 AM

Originally Posted by Greig Whitton

In fact, the prevalence for South Africa is lower than many other countries.

I suspect that when it comes to South Africa, many people have already made a conscious decision and acted on it in this regard in the past 20 years or so.

How many have we lost already?