South Africa

South Africa

Efficiency-Driven Economy
Population: 55.0 million
GDP: $313.0 billion
GDP Per Capita: $5,695
SME Contribution to GDP: 36%

South Africa Reports

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  • Year of publication: 2017
  • Category: National Reports
  • Language: English
  • Upload date: 2017-05-15

  • South Africa over the last year, and especially the last few months, has gone through a series of political and economic setbacks, all of which are likely to have a dramatic effect on the overall well-being of the citizens of the country. These setbacks include a politically-motivated reshuffle of the cabinet; rating agencies Standard and Poor and Fitch downgrading South Africa to junk status; and GDP growth in 2016 at a mere 0.3%. South Africa’s main social problems remain its extremely high income inequality and employment challenge. A weak job-creating capacity that has led to chronically high unemployment and – even more significantly –under employment has been a critical contributory factor in the country’s persistent poverty and inequality. Unemployment is at its highest level ever (27.6%), with an expanded rate of over 40% and youth unemployment at over 65%. It has never been more important or urgent for South Africa’s policy makers to make a strong commitment to growing the economy. A key priority is to introduce reforms aimed at fostering a more enabling business environment, particularly for the small and medium-sized enterprises which contribute so much to employment. In many developing economies, small businesses have been shown to contribute substantially to job creation, economic growth and more equal income distribution.
  • URL: http://www.gemconsortium.org/report/49833
GEM South Africa 2016-2017 Report
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  • Year of publication: 2016
  • Category: National Reports
  • Language: English
  • Upload date: 2016-05-25

  • Data from the 2015 GEM survey (the 14th in which South Africa has participated) confirm South Africa’s persistently low levels of entrepreneurial activity relative to other countries participating in GEM. Although 2015 sees an encouraging increase in the number of South Africans who believe there are good opportunities for starting a business in their area, as well as those who believe that they have the necessary skills, knowledge and experience to start a business, this has not translated into higher levels of entrepreneurial intention.
  • URL: http://www.gemconsortium.org/report/49537
GEM South Africa 2015 - 2016 Report
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GEM South Africa 2014 Report
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GEM South Africa 2013 Report
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  • Year of publication: 2013
  • Category: National Reports
  • Language: English
  • Upload date: 2015-03-27

  • As entrepreneurial activity is best seen as a process rather than an event, the 2012 GEM South Africa Report for the first time provides considerable focus on each phase of the entrepreneurial pipeline, namely: potential entrepreneurship (first phase), entrepreneurial intentions (second phase), early-stage activity (third phase) and established business ownership (fourth phase).

  • URL: http://www.gemconsortium.org/report/48565
GEM South Africa 2012 Report
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