South Africa has one of the lowest ‘Total Early-Stage Entrepreneurial Activity’ rates.

Total Early-stage Entrepreneurial Activity (TEA) is the % of 18-64 year old population that is either a nascent entrepreneur, or owner of a business. At 6.9%, South Africa has one of the lowest creation rates of successful SMEs – the lowest TEA rates among the efficiency-driven economies. “We’re ranked 28th out of 32 efficiency-driven economies. The average is 14%; double South Africa’s TEA rate.”

Why do you think this is the case?

• –           Is it a lack of drive and low morale?
• –           Is it a lack of competence due to poor-quality education?
• –           Is our market too sophisticated?
•  

In your opinion, what do you think our performance is so low?