Tag: Africa: transformation in South Africa

NOVANEWS Youthvillage.co.za Paresh Soni Entrepreneurship is more than just an economic term — it is a way of thinking. Creating jobs, empowering people and giving individuals access to better lives is certainly a development goal which all countries aspire to. But while South Africa has embraced the rhetoric, it has yet to create the economic ecosystem necessary for entrepreneurship to thrive. Addressing widespread poverty is the single most important policy challenge facing South Africa. Not only is poverty high when benchmarked against other emerging economies of the world, but also the rate of poverty reduction has been slow. Whilst the South African economy has grown since 1994, albeit at a snail’s pace, poverty incidence remains relatively...