Generally, hitting new highs is always great news. Except when it comes to unemployment in South Africa. We keep reaching new record levels of unemployment, with no end in sight. The reality on the ground is far worse than the official statistics, pointing to an unfolding nightmare for millions of South Africans.
With COVID-19, more employers have closed their doors or cut staff, to stay in business. Given the fragile economy, many unemployed people are simply not going to find employment in the short term. Unemployment is widespread, affecting not just the youth, but also professionals, experienced artisans and older people.
If you are unemployed, use it as an opportunity to take the path of entrepreneurship.
Instead of being unemployed, feeling depressed and stuck in life, starting a business could be the best way to go. While starting a business comes with obstacles of its own, it is worth it.
Another benefit of starting a business, is that if you later apply for a position, you have accumulated invaluable experience from the business. More employers are seeking to promote intrapreneurship. Employing an entrepreneur offers considerable advantages, as they already have the mindset, skills and experience on hand.
Finally, there are many stories of people that lost their job, started a business and never looked back. With the benefit of hindsight, losing their job was a blessing.
Business Partners Entrepreneur of the Year
he 2024 Business Partners Ltd. Entrepreneur of the Year® awards were held last week, celebrating entrepreneurial excellence in the country. I am humbled to serve on the independent judging panel,
Financial Future Summit Keys 1
What happens when you bring fast moving entrepreneurs in Gauteng x media powerhouse (Arena Holdings) x growth funders (ABSA, Business Partners) x financial (Cloudworx Accounting), legal (Farzanah Manjoo) & marketing
Lemonaid: succeeding in strange times
I attended Flux Trends Lemonaid: Recipes for succeeding in strange times – Salon Session presented by Bronwyn Willians In just 60 minutes, her session captured over a dozen lemons shaping
Taxation and SMMES
t takes unbelievable courage, sweat and tears to start and build a business in South Africa. Entrepreneurs sacrifice, emotionally and financially, often in punishing environments, where corruption, crime and lack
David vs Goliath
The 13th Kingsmead Book Fair was hosted over the weekend in Johannesburg, bringing fiction and non-fiction readers together, sharing stories and experiences, I attended the “David and Goliath in business:
Access to Funding
The 2025 Finfind South African MSME Access to Finance Report provides a sobering read into funding micro, small, and medium enterprises (MSMEs). The report was sponsored by the Department of