Titled Igniting startups for economic growth and social change, South Africa’s GEM report provides answers to this question: How do we ensure that more entrepreneurs flourish in South Africa? Solutions range from strengthening , to aligning learning, mentorship and support for entrepreneurs. It also includes providing entrepreneurial education for the Fourth Industrial Revolution (4IR) and the digital economy.
Why is insight on entrepreneurship so important?
Entrepreneurship is an engine of economic growth. It promotes the innovation needed to exploit new opportunities, promote productivity and create employment, while also addressing societal challenges, which now include the economic shock wave created by the COVID-19 pandemic. The promotion of entrepreneurship will be central to restoring the economy due to this pandemic.