Entrepreneurship is needed in SA to deal with unemployment
By Allon Raiz, Raizcorp CEO The recent South Africa unemployment rate has increased at a steady rate of 32.9% in the first quarter of 2024. This is according to the Quarterly Labour Force Survey (QLFS) Statistics South Africa with an expanded definition 0.8 of a percentage point in the first quarter of the year. The road to becoming an entrepreneur is not all rosy – it may take months, even years to set up a dream project. To ensure more job opportunities and South Africa needs to have more entrepreneurs to have a sharp increase in employment rate. You’ve got to have grit Grit is one of the characteristics entrepreneurs must possess to have a chance at success. You need the ability to stand up again and again and again, no matter how hard you are knocked down. You must also be resilient, trustworthy, resourceful and flexible. You’ve got to have vision Without a crystal-clear vision, your business is like a rudderless ship that can’t avoid treacherous roc...