entrepreneurship

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Research overwhelmingly shows that founding a new enterprise is more challenging for women than men, despite women owning 48% of South African construction businesses, women still struggled to be taken seriously.


South Africa has a diverse range of entrepreneurs, each with their own unique set of skills, goals, and challenges. However, most countries are distinguished by entrepreneurial endeavours that stand out due to their popularity within their respective industries.


Entrepreneurs make big ideas turn into reality. There are various types of entrepreneurs, and each type tends to make their own decisions depending on their personalities, skills, and environment. But, they all contribute to the economy and create jobs.


Starting your own business and becoming an entrepreneur is not without risks, but the rewards can be significant. Entrepreneurship is the process of creating, developing, and running a business venture in order to make a profit.


Although starting your own business can be risky, but it can also be rewarding if successful. Luckily, there are various initiatives that provide skills training and assistance to South Africa's budding entrepreneurs. 


The youth unemployment rate in South Africa reached its peak in 2021, with more than 60% of the country’s youth aged 15 to 24 being without employment during this period. A seasoned media mogul has continued to promote youth entrepreneurship irrespective of the country being faced with the ripple effects that came with the Covid-19 pandemic.

 


An entrepreneur can be defined as an individual who wants to start their own business venture. An entrepreneur is not like a business owner, it is someone who is innovative and develops a new product, service or idea.


Careers Portal had the pleasure of catching up with founder of DigsConnect, Alexandria Procter. She shared her top 5 tips for entrepreneurs who need a little push to get started. 


A recent survey has indicated that only seven of South Africa’s top 100 companies listed on the Johannesburg Stock Exchange (JSE) were headed by women. Research suggests that the country’s skill shortage is having an impact on this.

 


In the fourth quarter of 2021, the rate of unemployment among youth stood at a staggering 66.5%. It is widely believed that entrepreneurship is key to improving the lives of youth.  

 


In the first quarter of 2022, Statistics South Africa (StatsSA) revealed that the unemployment rate increased to 63.9% for people aged 15-24 years old. On the other hand, unemployment stood at 42.1% for the 25-34 age group, prompting government to find ways to combat youth unemployment. 

 


The launch of a brand new skills training centre in Kwa-Mhlanga, Mpumalanga represents a beacon of hope for young people in the province. This could allow them to develop critical skills that could improve their lives.

 


If you know your corporate jargon, you’ve probably heard the term “Price Leadership”. But this article is not about a dominant company that determines the price of a product or service, but more about the “cost” leadership comes at.


From till-packer to owner of a supermarket in one of South Africa’s biggest retail networks, Shadreck Siziba’s business journey has taken him to the top of the class in the Small Business Academy (SBA) development programme for township entrepreneurs run by the University of Stellenbosch School (USB).


The Department of Small Business Development has recently launched the Youth Challenge fund.


The Mindspa Institute has been presenting the course “Business Skills for South African Women” since 2008, and throughout the years the following really stood out:


The Global Entrepreneurship Monitor (GEM) found that South Africa has one of the highest business start-up failure rates in the world. In the GEM National Entrepreneurship Context Index (the NECI Index), South Africa ranks 49th out of 54 countries, ahead of only Croatia, Guatemala, Paraguay, Puerto Rico, and Iran.

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