May 2012

Entrepreneurship report

The SA 2011 Global Entrepreneurship Monitor (GEM) was released in May 2012. GEM is seen globally as the largest and most comprehensive study on entrepreneurship in the world, and the insights of the GEM reports are important for all government, business and civil society stakeholders who work in entrepreneurial development. The SA GEM 2011 report focuses specifically on SA compared to the other BRIC countries. Some of the key findings on SA include:

• Female involvement in early stage entrepreneurship increased between 2006 and 2011.

• There are concerns over South Africa’s youth TEA rates as they are the second lowest of the BRICS economies.

• South Africa has a very low established business rate (the lowest of the BRICS economies and one of the lowest across all GEM countries), indicating that relatively few jobs are available for youth and that small business development aimed at youth should be one of South Africa’s most pressing priorities.