Finance Minister Malusi Gigaba is repeating the threadbare mantra of creating more jobs, boosting entrepreneurship and growing SA’s economy, which has grown just 1% a year in real per-capita terms over the past 25 years. SA is not even out of the starting blocks of what could be achieved in the country. If the conditions for entrepreneurship were improved just 10%, another $176bn could be added to the economy — almost half of its current worth. This is according to a recent report commissioned and funded by the SAB (South African Breweries) Foundation and Allan Gray Orbis Foundation, in partnership with The Global Entrepreneurship and Development Institute, The Global Entrepreneurship Network SA and SEA (Sustainable Entrepreneur Accelerator) Africa. The report, The Entrepreneurial Ecosystem of SA: A Strategy for Global Leadership 2017, emphasises entrepreneurship should not be confused with self-employment. Entrepreneurship is about aspiration, opportunity and start-up growth by peo...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now