What information asymmetry means in this case is where there is gross difference in knowledge. We learned a lot of things at schooling institutions but we still lack much more. I had a struggle putting together a business proposal recently. When I arrived at the meeting we had a chat not a proposal review. I discovered I did not need the proposal. But this opened a Pandora’s box for me. I felt that that was what we lacked as Africans. We are gradually becoming aware of academic information but lack the practical side of things.

We lack knowledge of where to buy financial products like shares, investment products,bonds and so on. We lack knowledge of how to start up a billion rand company from scratch. We are beginning to get exposure to these areas, but only a handful are fully aware of some of these. We are yet to see a vehicle maker started by one of us. We are proud of Mr Patrice Motsepe and pray for many more like him from among us. More people who dare to dream.

Subscribe

Sign-up to receive the latest updates from TheRandToday.com direct to your mailbox

Loading ...