SA rated one of the worst in Africa in terms of entrepreneurial activity
SA HAS been rated one of the worst-performing African country in terms of entrepreneurship.According to the latest Global Entrepreneurship Monitor report released this week, which tracks entrepreneurship and business activity around the world, the top-performing African economies with regard to entrepreneurship are Botswana and Senegal.Although the National Development Plan (NDP), a government blueprint for eliminating poverty and reducing inequality, has ambitious goals for the small and medium enterprises (SME) sector in SA — including a target of 90% of employment opportunities to be created by this sector by 2030 — entrepreneurs continue to face many challenges such as red tape, a lack of access to finance and credit lines, and the generally high cost of doing business.Global Entrepreneurship Monitor executive director and report author Mike Herrington said this week that there seemed to be growing optimism around entrepreneurship in SA, but that the country had not seen this tr...
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