Job Creation, South Africa compared
to the World.
GEM Report on South Africa
Did you know... that if we were to measure entrepreneur development as an indication of South Africa’s ability to create jobs, South Africa would rank very low in the world? Global Entrepreneurship Monitor (GEM), now in its seventh year, is a worldwide project that monitors levels of entrepreneurial activity in 35 countries. The latest data shows that the South Africa's entrepreneurship ranking has dropped from 20th position (out of 34 countries) in 2004 to 25th position (out of 35 countries) in 2005. In a nutshell, the findings on South Africa:
- We are way behind other developing countries.
- Our total entrepreneur development is slipping year after year.
- Start-ups. Our performance is way behind other countries.
- We lack entrepreneurial self-confidence.
At BBN we believe that this is a serious challenge to our safety, security and prosperity in South Africa in the years to come. We need to take up this challenge to begin the process of reversing the findings of the GEM report. Only then can we expect to reduce crime on a significant scale. We have begun the process, thank goodness it is a win-win one that is professional and which will get most businessmen and women saying: Can I afford not to be part of it?
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