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?

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