The latest Global Entrepreneurship Monitor (GEM) report, shows that the country’s total early-stage entrepreneurial activity increased from 10.8% in 2019 to 17.5% in 2021, while established business ownership rose from 3.5% to 5.2%. Moneyweb Matshoba_A
According to the latest Global Entrepreneurship Monitor report, entrepreneurial activity in South Africa has persisted despite the tough economic environment of the past two years. The report, published on Tuesday, shows that the country’s total early-stage entrepreneurial activity increased from 10.8% in 2019 to 17.5% in 2021, while established business ownership rose from 3.5% to 5.2%. The report measures entrepreneurship across global economies.
“As we saw from the rise of fast delivery services like Checkers Sixty60 during the pandemic, there’s opportunity in crisis. Ambitious entrepreneurs in retail are showing resilience and agility in creating new businesses to disrupt the status quo and target evolving consumer trends and tastes to compete in a new normal world.
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