Entrepreneurship development in South Africa

The current unemployment rate in South Africa is sitting at 30%. The South African government has identified various ways of combating this high rate. Entrepreneurship has been identified as one of the tools that can be utilised by the country to assist bring down these high levels. However, it seems that even though this is the case, there has been a decline in the sustainability of entrepreneurship. As per the GEM 2018 report on entrepreneurial activity in South Africa in the age group 25 – 34 years, there has been a downward trend as it has increased back from the low 2016 levels of 6.3% to 14.5% in 2017. The study aims to explore variables that can assist to develop entrepreneurship in South Africa, thereby assisting with its sustainability. Once entrepreneurship is sustainable it can assist with creating job opportunities thereby decreasing the high levels of unemployment in the country. The study starts by asking several research questions that introduce the various variables were identified that have an impact on the development of entrepreneurship. The variables that have been identified are the following: education, national and business culture, support, business skills and competencies. The study uses these variables to investigate the path leading to entrepreneurship development in the country. A qualitative research methodology has been used to carry out the research. Participants from the Eastern Cape, East London area are identified as a sample with which to conduct interviews and collect data.Thesis (MA) -- Faculty of Business and Economic Sciences, NMU Business School, 202