The high unemployment rate that has become characteristic of the South African economy has generated some spinoffs that bode undesirable consequences, not only for economic development but also for sane social-cultural coexistence of the people. Recourse to entrepreneurship rather than clinging on to an endless hope for formal employment has been touted as a possible antidote for confronting the situation. However, a prerequisite to self-employment is entrepreneurial intention. This study therefore explores factors that may influence student entrepreneurial intention.The study is based on quantitative data collected in a cross-sectional manner, from students at a South African university. Empirical results suggest that the respondent group strongly accede to the usefulness of entrepreneurship education for economic development which reveals that they are well-versed with the role and gains of entrepreneurship at a macro level. The study also found that perceived competency of the lecturing team demonstrates a moderate and positive correlation with student entrepreneurial intention. The implication of this is that institutions offering entrepreneurship programmes must saddle the responsibility to ensure that persons used to deliver the courses are not only highly competent but can kindle the entrepreneurial intention flame in students.
The study sought to investigate a possible relationship between SMME owners' financial literacy and business growth. Relationships between the SMME owners' financial literacy and several aspects of possible business growth along the broad dimensions of financial, strategic and structural growth were also explored. To achieve this though, the study had to first establish whether SMME
Abstract:This study sought to determine the role of government support structures and initiatives in the development of youth entrepreneurship in Khayelitsha, in the Western Cape Province of South Africa. The data was collected by way of questionnaires, whereby 132 participants were randomly drawn from the population of 200 youth entrepreneurs who were registered on the database of a local organisation for youth entrepreneurs in Khayelitsha. According the findings, there was no evidence to show that government support structures/initiatives were contributing in the development of youth entrepreneurship in this township. Recommendations to improve the current standard of youth entrepreneurship in the research setting were made. This paper provides an insight into the role of youth entrepreneurship support structures and initiatives in Khayelitsha, particularly to stakeholders such as government structures, which seek to advance youth entrepreneurship in Khayelitsha and others townships, in Western Cape.
The aim of this study was to find out whether youth entrepreneurs in a South African township consider entrepreneurship education and training as a useful vehicle for navigating the challenging waters of entrepreneurship. The method used to collect data was a self-administered questionnaire. Findings revealed that the participants thought of entrepreneurship education and training as a viable tool for entrepreneurship development. The study recommends further research on other townships with similar characteristics to enable a better understanding of the unique needs of the different townships. This is on the basis that should an intervention be proposed, each township should then have a much more customised training and development strategy.
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