The state of entrepreneurship in South Africa

According to a Gordons Institute for Business Science (GIBS) report on Entrepreneurship in South Africa, our entrepreneurial activity is improving but still lags behind in comparison with other parts of the world.

The GIBS report claims that aspirant and existing entrepreneurs face huge challenges and frustrations in South Africa.

The country’s financial and operating environment is not supportive enough of entrepreneurs, particularly in terms of regulations, policies and access to capital.

CapeTalk and 702 presenter Redi Tlhabi spoke with Dr Jonathan Marks, Head of faculty of Entrepreneurship at GIBS.

Entrepreneurship is a complex phenomena. South African does not perform particularly well in relation to the rest of the globe. If one looks at the Global Entrepreneurship Monitor report, it indicates that we have around 7% of the adult population involved in entrepreneurship at any one time.

Dr Jonathan Marks, Head of faculty of Entrepreneurship at GIBS

According to Marks, entrepreneurship is not yet recognised for the impact, growth, and possibilities it can offer the South African economy, or for the impact it can have on unemployment and other social issues in the country.

Listen to the full conversation from The Redi Tlhabi show:

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