The State of Entrepreneurship in (South) Africa

Entrepreneurship in Africa not only tethers the fine line of risk and profit, but it is an important laboratory to test the inherent characteristic of a true call given the uneven playing field. With the urgency to create millions of jobs for Africa’s teeming school leavers, small business and entrepreneurship is now a hot topic. While this is required to create jobs, presidents, ministers and big business have begun to realize that these heroes on the ground are the true catalysts of national economic growth. However, for Africa’s entrepreneurs to take their pride of place, policies are required to nurture this culture to set the goal-getters and profit-seeking wealth-creating moguls apart from their perennial on-looking peers and also to allow them move quicker and be more innovative to create the jobs that the continent needs. So, what are the challenges of entrepreneurship in Africa? South Africa with a relatively fairly developed economy in the continent, is an interesting case for the uphill trajectory of a budding entrepreneur in Africa... More