Key Points:

  • If South Africa is to overcome its pressing challenges of unemployment and poverty, it urgently needs to become a more entrepreneurial society.
  • State-led attempts to create entrepreneurs through training and access to special loans have had disappointing results.
  • One reason for this generally unimpressive performance is that, all too often, attempts to support new small businesses do not address the broader constraints that make life difficult for all businesses, new and established, large and small.
  • The emphasis of any programme seeking to promote entrepreneurship should be on reducing the costs of small business start-ups and eliminating other barriers to business development in general.
  • Entrepreneurs themselves know best what is required to create a better business environment, and must play a more active role in demanding the changes needed to create that environment.

Press release: Young entrepreneurs must organise

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