Poor economy stops many from trying to open a business – report
The report noted that the highest motivation to become entrepreneurs was “out of necessity and to earn a living as jobs are scarce”
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The report noted that the highest motivation to become entrepreneurs was “out of necessity and to earn a living as jobs are scarce”
This week on Moneyweb@Midday we delved into shifts in remote working culture, some worrying stats in the metals and engineering sector, and the state of corruption in SA.
‘We anticipate some of the reasons are the environment or the enabling environment for businesses to thrive or survive in is deteriorating at the moment and people are scared to take that chance,’ says Professor Natanya Meyer, co-author of the Global Entrepreneurship Monitor South Africa report.
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According to the document, the sector that most people are getting involved in is retail and wholesale, which includes the informal sector, coming in at 56.7%.