South Africa is a country of extremes when it comes to entrepreneurship, says Ernst & Young. The company reaches this conclusion inside its 2013 G20 Entrepreneurship Barometer report which surveyed 1500 entrepreneurs in countries that include South Africa, Brazil, India, Russia and China as well as more developed nations such as the US, Japan and the UK.
The report is important because it allows each country to benchmark its support for entrepreneurs — a segment that is responsible for 75% of all jobs in China and rose to 67% of all jobs in the European Union in 2012.
The report looks at five metrics: access to funding, entrepreneurship culture, tax and regulation, education and training, and coordinated support. When the report was released in August this year, South Africa ranked in the second quartile.
Read more on Ventureburn.Also Read