Zakithi Khumalo There are more videos on my Facebook Page, Penuel The Black Pen. You can connect with me there or tweet me @penzoid. Let's engage and learn together!
Thanks for this valuable information and its rare to find. I recently started selling formal wear that I stock in Joburg and Im desparetly looking for a factory that these people buy from. Online shopping did'nt offer quality at low price and the shipment per item is insane. I would love to get in contact with anyone you know who can help. May you please assist where you can.
Basically sweatshops! You can always go cheaper: China production cost is lower than Taiwan or South Korea, Vietnam is lower that China and Bangladesh is lower than Vietnam. But you forget the human cost and also the quality! You basically compete for the lowest standards, the place that has the lowest wages, that prohibits labour unions and has the lowest security standards. That's why Bangladesh had so many instances of whole factories catching fire and many of the poor employees dying. The conditions are horrible. Kind of when some foreign countries invested in the Bantustans during Apartheid, to benefit from the fact that the Black labourers had no rights and could easily be exploited.
Hans Franz Very true. But if govt can subsidize factories... workers can work and live in better conditions. With free homes and other basic services, a lot of people could afford to only work for food.
I think government should provide the legal framework to ensure workers well being. The government in Bangladesh persecutes any attempts of establishing labour unions, since they are seen as a threat to Bangladesh's main locational advantage: the low production costs. So if labour unions would successfully campaign for minimum wages and safe workspaces that meet the standards, then these factories would end up with higher production costs and then some retailers like Primark (do you have that in SA?) could no longer sell t-shirts and jeans for 3€ / 45 ZAR a piece. And this is seen as unfavourable by the government, that has nothing much to offer to it's populace than working in the sweat shops for the foreign clothing industry. Are these conditions something that one should strife for? Would you like to have such conditions in South Africa? At least here in Europe, there is a market and an audience for clothes produced under fair, humane and ecological conditions. Of course one can always try to reduce production cost to a minimum as a businessman following the capitalist reasoning, but at some point you eventually end up as someone who essentially enslaves others. That's why business ethics is essential. Sure, as you mentioned with the Marc Rich - Glencore example (I did research this case before, very good example!, Marc Rich got so influential that he even made Bill Clinton pardon him when he was supposed to be prosecuted), one can always get rich with mafia-methods. But is that your understanding of being an honourable business man? What companies like Glencore do is actually to the disadvantage of the majority of people in the countries where they operate, since Glencore typically evades paying taxes by setting up shady business structures, with pseudo-independent local sub-contractors, that are actually owned by them and so on. I think that going the route of being the most exploitive and most shady businessman, is actually the primitive route to success in business. The more honourable route is actually being creative and inventive and offering services and products of value. There is always an element of exploitation in business, because you have to create a margin, that means someone "below" you has to get paid less than what you make as the owner of the business. But there is always levels to this. Practically enslaving people is taking it a bit too far for my understanding. I wouldn't take Nazi forced labour camps, the transatlantic slave-trade and subsequent use of slaves on farms in America or the apartheid era farm labour system, where labourers were practically not paid for their work, as role models to model my business after, even though these systems might have been beneficial to those who run it. Also, we live in a digital age. You can get rich by creating digital services, that depend less on exploiting a workforce than traditional enterprises in a sense. I stay in Germany and we have new startups popping up every day and some of them get very successful. Food delivery is the latest thing. Have you researched it? Very simple concept (but requires some infrastructure of course): the customer can order food via an app from almost any restaurant in the city. The service takes a small fee from the restaurants for being listed on their app and runs the delivery. They pay students and part time workers, who deliver the food via bicycle to the customers. The employee will only need a smartphone, which gives them the info to which restaurant they must go in a given moment and where to deliver the food. They get a wage comparable to other student jobs. I don't know whether it's suitable for South Africa, since you have a very bad infrastructure for cyclists and the whole things is based on fast delivery via bicycle within the urban environments. Last time I checked none of the big players was operating in South Africa yet, but I might be wrong of course. Check the Wikipedia for "Delivery Hero" and "Deliveroo" for a start, if you find this topic interesting. Have a good one.
Thanks for sharing
O botlhale..im gonna follow you.ive learnt few things with 3 videos already.BIG UP
Diana Hlongwane Thank you very much Diana!
This is very valuable insights. Thank you for sharing.
Only a pleasure.
very insightful this video my bra much appreciated keep them coming
Startup Challenge Thank you so much. Let's keep building and interacting.
Thank you for sharing Mkhaya!!
Sinqobile Magwaza Thank you Sinqobile!
Please please please tell us more!! very valuable information, siyabonga!
Zakithi Khumalo There are more videos on my Facebook Page, Penuel The Black Pen. You can connect with me there or tweet me @penzoid. Let's engage and learn together!
I'm your new fan...everything oyikhulumayo is making sense to me..
Dankie malume.
mngana wawusola apha. uli coconut nyani..lol. @Penuel The Black Pen
Thanks for sharing brother
moses neves Thank you Moses! I'll keep this heat coming.
Thank you for the insight. I'm in the process of starting my own clothing manufacturing business.... please make more videos on the textile industry.
Keatlegile Tsholofelo Molefe I'll definitely do that!
Thanks for this valuable information and its rare to find. I recently started selling formal wear that I stock in Joburg and Im desparetly looking for a factory that these people buy from. Online shopping did'nt offer quality at low price and the shipment per item is insane. I would love to get in contact with anyone you know who can help. May you please assist where you can.
S/O for the juice 👏🏿👏🏿👏🏿
💡
Dapper Dan
Where is this building in the CBD?
You'll have to hunt it down. Close to Maboneng.
Basically sweatshops! You can always go cheaper: China production cost is lower than Taiwan or South Korea, Vietnam is lower that China and Bangladesh is lower than Vietnam. But you forget the human cost and also the quality! You basically compete for the lowest standards, the place that has the lowest wages, that prohibits labour unions and has the lowest security standards. That's why Bangladesh had so many instances of whole factories catching fire and many of the poor employees dying. The conditions are horrible. Kind of when some foreign countries invested in the Bantustans during Apartheid, to benefit from the fact that the Black labourers had no rights and could easily be exploited.
Hans Franz Very true. But if govt can subsidize factories... workers can work and live in better conditions. With free homes and other basic services, a lot of people could afford to only work for food.
I think government should provide the legal framework to ensure workers well being.
The government in Bangladesh persecutes any attempts of establishing labour unions, since they are seen as a threat to Bangladesh's main locational advantage: the low production costs. So if labour unions would successfully campaign for minimum wages and safe workspaces that meet the standards, then these factories would end up with higher production costs and then some retailers like Primark (do you have that in SA?) could no longer sell t-shirts and jeans for 3€ / 45 ZAR a piece. And this is seen as unfavourable by the government, that has nothing much to offer to it's populace than working in the sweat shops for the foreign clothing industry. Are these conditions something that one should strife for? Would you like to have such conditions in South Africa?
At least here in Europe, there is a market and an audience for clothes produced under fair, humane and ecological conditions. Of course one can always try to reduce production cost to a minimum as a businessman following the capitalist reasoning, but at some point you eventually end up as someone who essentially enslaves others. That's why business ethics is essential.
Sure, as you mentioned with the Marc Rich - Glencore example (I did research this case before, very good example!, Marc Rich got so influential that he even made Bill Clinton pardon him when he was supposed to be prosecuted), one can always get rich with mafia-methods.
But is that your understanding of being an honourable business man? What companies like Glencore do is actually to the disadvantage of the majority of people in the countries where they operate, since Glencore typically evades paying taxes by setting up shady business structures, with pseudo-independent local sub-contractors, that are actually owned by them and so on.
I think that going the route of being the most exploitive and most shady businessman, is actually the primitive route to success in business. The more honourable route is actually being creative and inventive and offering services and products of value. There is always an element of exploitation in business, because you have to create a margin, that means someone "below" you has to get paid less than what you make as the owner of the business. But there is always levels to this. Practically enslaving people is taking it a bit too far for my understanding.
I wouldn't take Nazi forced labour camps, the transatlantic slave-trade and subsequent use of slaves on farms in America or the apartheid era farm labour system, where labourers were practically not paid for their work, as role models to model my business after, even though these systems might have been beneficial to those who run it.
Also, we live in a digital age. You can get rich by creating digital services, that depend less on exploiting a workforce than traditional enterprises in a sense. I stay in Germany and we have new startups popping up every day and some of them get very successful. Food delivery is the latest thing. Have you researched it? Very simple concept (but requires some infrastructure of course): the customer can order food via an app from almost any restaurant in the city. The service takes a small fee from the restaurants for being listed on their app and runs the delivery. They pay students and part time workers, who deliver the food via bicycle to the customers. The employee will only need a smartphone, which gives them the info to which restaurant they must go in a given moment and where to deliver the food. They get a wage comparable to other student jobs. I don't know whether it's suitable for South Africa, since you have a very bad infrastructure for cyclists and the whole things is based on fast delivery via bicycle within the urban environments. Last time I checked none of the big players was operating in South Africa yet, but I might be wrong of course. Check the Wikipedia for "Delivery Hero" and "Deliveroo" for a start, if you find this topic interesting.
Have a good one.
Hi. How can I get hold of you? I would like to pick your brain a bit more on the fashion industry.
Visit my twitter: @kingpen
King Penuel OK, I was hoping for an email address since I don't really do Twitter but I'll try contact you via that platform. Thanks!
King Penuel I can't find you by that handle. It takes me to some white guy's profile.
@@soara4634 What's your twitter handle?
Wow! Your educational content is incredible. Thank you The Black Pen 👏🏽
Can you please share the names of the places you mentioned or contacts.
Unfortunately not on this platform.
King Penuel is there a way to share?
I mean places you know that we can mass produce and label made in SA
@@Queencotton I understood your initial request.
@@Queencotton 0658194944
bro we got to talk man!
Kevin Mahlangu Talk to me Mahlangu. What's up?
uMamkhize and those Asian lady's that work in her sthaba thaba