Tag: entrepreneurship

As South Africa celebrates Women's Month, conversations around financial empowerment, wealth creation and economic participation remain as important as ever. While women continue to make significant strides in the workplace, business and entrepreneurship, achieving financial independence remains a critical component of long-term financial wellbeing.

Entrepreneurship often looks glamorous from the outside. However, building a business requires difficult decisions, resilience and a willingness to learn from failure. Things I Wish I Knew captures this reality through the experiences of an entrepreneur who has navigated the pressures of business and finance. The book offers a candid account of building and growing businesses. It draws on real decisions, consequences and outcomes from the author’s entrepreneurial journey.

Small and Medium Enterprises (SMEs) cannot grow without access to funding, and South Africa needs its SMEs to grow. What needs to change in the middle? The frame for South Africa’s economic growth in 2026 is one of modest recovery. The National Treasury’s 2026 Budget Review projects real Gross Domestic Product (GDP) growth of around 1.6%. The World Bank echoes these figures, at 1.4%, and expects growth to increase to 1.5% by 2027.

Small and Medium Enterprises (SMEs) are undeniably the lifeblood of South Africa's economy. They represent 91% of businesses in the formal sector and employ roughly 60% of the country's workforce. Yet, the entrepreneurial landscape remains notoriously harsh. More than 70% of South African SMEs fail between their first and fifth years.

In a tough economic environment where capital is scarce, we continue to back responsible entrepreneurs who build sustainable, high-impact businesses that create opportunity and resilience in South Africa. We have released our 2025 Impact Report. The report outlines the organisation's work in backing responsible entrepreneurs, supporting portfolio resilience and contributing to economic inclusion through a long-term investment model.

Small and Media Enterprises (SMEs) are regularly rejected for funding, even when their businesses are profitable, because the system was not designed with their business reality in mind. SMEs contribute around 40% of the country's gross domestic product (GDP) and 60% of employment. Yet they face the SME funding gap, which is estimated at R350 billion. There is no shortage of funding in the system.

Across South Africa, a quiet entrepreneurial shift is underway. From spare rooms and garages to small home studios and converted garden offices, thousands of businesses are launching from home. They are also selling to customers nationwide. While the rise of e-commerce has accelerated this trend, another factor also plays a crucial role.

There's a peculiar kind of blindness that sets in when a constraint disappears. You keep solving for it anyway. You build institutions around it, develop disciplines to manage it, hire people whose entire expertise is navigating it. The constraint becomes invisible and not because it's gone, but because it's been so thoroughly baked into how you operate that questioning it feels like questioning gravity.

Read our exclusive cover story titled The innovation factory – built for famine, not a feast? by Lauren Drake, Co-founder & Director, FiftyKnots, plus a host of other topical management articles written by professionals, consultants and academics.

Let’s clear something up straight away. There is no such thing as overnight success. This is where the overnight success myth begins. It’s an impressive phrase. However, it belongs in the same category as “instant legacy” or “effortless empire”. In fact, the overnight success myth is catchy and marketable, but largely fiction.