Five remarkable SA business women chosen to receive awards from IWEC

Five remarkable South African business women have been chosen to receive awards from the International Women’s Entrepreneurial Challenge in Seattle, Washington, in the United States. They were nominated by the Cape Chamber of Commerce and Industry and they all run multi-million rand businesses with and combined annual turnover of nearly half a billion rands. They […]

Creative Destruction and Schumpeter’s Gale

Creative Destruction and Schumpeter’s Gale In the early 1900s, the economist Joseph Schumpeter coined the term Creative Destruction (also known as Schumpeter’s Gale). Basically (and I am probably upsetting a few ‘real’ economists here) creative destruction describes an economic order that can only develop out of the destruction of some prior economic order. [1] We […]