Small Business Minister Taken to Task

Zulu taken to task for not engaging with relevant experts in a sector that is at a critical low point in South Africa

The University of Cape Town’s Centre for Innovation and Entrepreneurship says the Minister of Small Business Development, Lindiwe Zulu, has been taken to task for not engaging with relevant experts in a sector that is at a critical low point in South Africa.

The centre’s director, Dr Michael Herrington, states that the Global Entrepreneurship Monitor (GEM) shows that during the past 14 years, between six and 10 percent of the adult population in South Africa were in the process or considering starting a business.

Herrington, who is also the executive director of the GEM and the Global Entrepreneurship Research Association, argues that South Africa’s entrepreneurial levels are about 25 percent of countries such as Nigeria, Ghana and Zambia.

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Source: 
Fin 24

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