SA ranked 2nd most entrepreneurial nation in Africa

A new report shows that South African entrepreneurs are overcoming slow economic growth and domination by large companies.

South Africa is on par with other middle-income countries when it comes to entrepreneurship, according to the Entrepreneurial Ecosystem of South Africa: A Strategy for Global Leadership Report (researched and produced by the Global Entrepreneurship and Development Institute).

The report ranked South Africa 55th out of 137 countries.

It places South Africa second on the Continent (after Botswana).

It further states that South Africa provides better conditions for entrepreneurship when compared to 20 other countries with a higher per capita GDP, including Russia, Mexico, Brazil and China.

The Money Show’s Bruce Whitfield interviewed Bridgit Evans (Director at The SAB Foundation) about the report.

Listen to the interview in the audio below (and/or scroll down for quotes from it).

The South African ecosystem has come a long way.

Bridgit Evans, The SAB Foundation

They [Somalians and Nigerians] are the ultimate risk takers.

Bridgit Evans, The SAB Foundation

They [Somalians and Nigerians] come in with a lot of capital.

Bridgit Evans, The SAB Foundation

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Article brought to us by Old Mutual.

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