“This decline might be attributed to many various factors. But one of the major factors is the lack of a positive entrepreneurial culture in South Africa,” said Naidoo.
She said research had shown that South Africa’s society had a culture that neglected entrepreneurial activities, especially individuals who had failed in the past.
“The South African educational structure (primary to tertiary education) does not place enough emphasis on equipping learners with the correct knowledge and skill to become successful entrepreneurs,” she said.
Naidoo said most economically competitive countries in the world had significantly higher levels of entrepreneurial activity.
Naidoo said promoting a culture of entrepreneurship was the responsibility of the public and private sector.
“It is essential that each party works together to create an environment within society that serves as a sustainable platform for a positive entrepreneurial culture to grow,” she said.
“Government also plays an important role in ensuring that policies and programmes are aligned with fostering entrepreneurial growth.”
- An Entrepreneurial Journey (elleafriquemagazine.wordpress.com)
- Changing the fortunes of SA’s entrepreneurs (rivalpioneers.bundublog.com)
- Entrepreneurial Support Programs Must Function Within a Regional Vision, Meet Entrepreneurs’ Core Needs (kauffman.org)
- Who Inspired Your Entrepreneurial Spirit? [CONTEST] (clixto7.com)
- New StayEasy Hotel Opening in Pietermaritzburg South Africa (prweb.com)
- Will government encourage entrepreneurialism among business insurance customers? (premierlinedirect.co.uk)