Finweek English Edition - - ENTREPRENEUR - GEM South African Re­port

“The main chal­lenge is to pro­vide jobs and/or op­por­tu­ni­ties for the youth, where the es­ti­mated un­em­ploy­ment level is in ex­cess of 60%. This can be as­sisted through ed­u­ca­tion; how­ever, the level and qual­ity of ed­u­ca­tion in SA is one of the worst in the world. The level of maths and science ed­u­ca­tion in the coun­try, as as­sessed by the Global Com­pet­i­tive­ness Re­port (2014/15), puts SA at 144th out of 144 coun­tries.

Reg­u­la­tory re­quire­ments make it very dif­fi­cult for peo­ple to start busi­nesses; this is fur­ther ex­ac­er­bated by oner­ous labour laws and the low ef­fi­ciency of the labour force. Cor­rup­tion, start­ing at the high­est lev­els of gov­ern­ment, re­mains a ma­jor chal­lenge, to­gether with high lev­els of crime.”

SOURCE: 2014

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