As we observe World Entrepreneur Day on Wednesday — a day to celebrate the small and medium-sized enterprise (SME) visionaries driving innovation and economic growth — it’s all a little bittersweet. We have so many talented and enthusiastic entrepreneurs in South Africa, but there’s still a lot standing in the way of their success. Just this year, more than 600 businesses have shut their doors already.

And, according to the 2023 Global Entrepreneurship Monitor South Africa (Gemsa), entrepreneurial activity has dropped to below pre-pandemic levels...

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