How can we grow young female entrepreneurship in South Africa? By Linda McClure, Raizcorp COO South Africa, like many countries globally, grapples with the challenge of youth unemployment . This is supported by statistics indicating a 45,5% unemployment rate among young individuals (aged 15-34 years), in contrast to the national average of 32,9% in the first quarter of 2024. It’s clear, though, that the struggle continues for many South African women – specifically in the area of small business and entrepreneurship. According to the World Bank, Africa boasts the highest growth rate of female-run businesses in the world. But down on the southernmost tip of the continent, women are still in the minority when it comes to entrepreneurship. While more than half of South Africa’s population is female, only 38% of SMEs are women owned and led. Despite these benefits and the potential of entrepreneurship to improve the socio-economic empowerment of women in South Africa, ...
Comments
Post a Comment