Entrepreneurship

Call for SA Promote Entrepreneurship

South Africa’s education system needs to promote entrepreneurship as a career if it is to succeed in creating employment opportunities for the country's young people.

Sanlam/Business Partners Entrepreneur of the Year Competition project manager, Nimo Naidoo, points out that, "There is a great opportunity for our youth to choose entrepreneurship as a career and become job creators rather than job seekers."

SA's Economy Dependent on Entrepreneurs – Index

The South African entrepreneurial sector is waning and as a result employment growth will suffer, according to the latest Adcorp employment index.

The index suggests that in 2001, 250 000 people were actively involved in setting up their own small business enterprise and this figure dropped to 58 000 in 2011, equating to a massive 76 percent slowdown in small business creation.

Plan to Create Thousands of Jobs

About 160 000 aspirant entrepreneurs have heeded a call by the government to come forward with business ideas to help create jobs.

Gauteng MEC for economic development, Qedani Mahlangu, marvelled at the overwhelming response to the quaintly coined Y-Age programme for Youth and Graduate Entrepreneurship Development.

Mahlangu points out that, "From the applicants, we have deduced that most of the aspirant entrepreneurs are interested in the financial services, manufacturing, arts and culture, construction, information communication technology or computers and retail."

Fellowship Targets Young Learners

The Allan Gray Orbis Foundation is offering South Africa’s brightest young minds a head-start in life through its Allan Gray Fellowship Programme.

The initiative aims to develop students, known as Allan Gray Fellows, into SA’s future high growth entrepreneurial leaders and includes comprehensive financial support as one of its benefits.

South Africa Urged to Grow Entrepreneurs

The Development Bank of Southern Africa (DBSA) says that focus on employment equity and wealth distribution has to shift to entrepreneurship and value creation if the economy is to grow.

The focus on employment equity and wealth distribution had to shift to entrepreneurship and value creation if the economy was to grow and create 500 000 jobs to satisfy the objectives of the New Growth Path.

The bank's comments are an admission that many government initiatives to broaden the economy, improve education and foster entrepreneurship, have failed.

Social Enterprise Will Lift SA Out of Poverty

It is better to make a difference than to be rich, according to Susan Steinman, head of the Centre for Social Entrepreneurship and Social Economy at the University of Johannesburg.
 
Steinman says South Africa needs to stimulate social enterprises which focus on creating businesses for the primary purpose of social development.
 
"While start-up social enterprises are grant-dependent, mature social enterprises trade in goods or services to raise income for the social purpose and in many cases show a profit," she explains.
 

Giving Forward: The New Philanthropic Way to Give Back

This week I had the opportunity to attend a conference in South Africa along with other leaders from the government, social and private sector to think about the role of philanthropy in addressing social challenges. Reflecting on what we shared and discussed, I realise that for me, philanthropy is not simply a means of 'giving back', but more importantly a means of "giving forward."

Am I a Social Investor, a Social Entrepreneur or a Development Worker?

The past ten days I had the opportunity to attend a seminar in France, as we were invited to share the learning and position of Uthango Social Investments in South Africa with academics and practioners in the emerging field of Social Entrepreneurship. Hosted by the Paris Chamber of Commerce's ADVANCIA and INSEAD Business School and facilitated by Beautiful Soul, this was an extraordinary event.

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