The private sector is the engine for economic growth and poverty reduction in Africa (as well as the rest of the world). Within this context, SA IDEAS provides advice to clients on the role of markets in development and the capacity of local entrepreneurs to identify and pursue new market opportunities.
In the age of globalisation and a more closely integrated world economy, new levels of competition and opportunity present unique challenges to African economies. While the international flows of private investment are a potent resource for economic growth, there are specific actions that regional, national and local government authorities must take to realise these opportunities as well as actions that the business community must take. SA IDEAS has a sound and comprehensive understanding of the factors that contribute to the creation of a more diverse, competitive and robust private sector.
SA IDEAS recognises that private sector development must address the internal constrains of enterprise growth (e.g., through financial and business development services) as well as the broader conditions and systems in which private enterprises operate (e.g., business environment, value chains). We promote market-driven and systemic approaches to the development of the private sector, which balance demand and supply-side responses to business growth and the achievement of social and economic development goals.
SA IDEAS has provided policy advice to governments on private sector and industrial development; we have undertaken national and international research on successful approaches to private sector development; we have designed, implemented and evaluated enterprise development programmes; and we have helped business membership organisations to formulate advocacy strategies to improve government policies and programmes.