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Economics

How Socialism Destroyed Africa

Equating capitalism with colonialism, Africa’s nationalist leaders rejected it and adopted socialism in the 1960s. Foreign companies were nationalized, a string of state-owned enterprises was established and a plethora of state controls on rent, prices, imports, and foreign exchange were imposed to capture the commanding heights of the economy.

Safarisource: The Airbnb for Safaris cuts out the middle-man

As the sharing economy develops, the opportunities for cutting out the middle-man seem endless. After Lyft and Uber revolutionised personal transport, BlaBlaCar challenged public transportation and Airbnb overthrew our concept of monetising our own properties, Safarisource attempts to do the same thing with safaris. Launched at the INDABA tourism trade fair in South Africa on May 16, safarisource.com connects tourists with local African tour operators.

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