Two-thirds of new South African enterprises are failing. Up to 7.8% of adults (aged 18-64 years) are involved in early-stage entrepreneurial activity, but only 2.3% own enterprises that have survived for more than 3 years.
Only 4 out of every 100 adults in South Africa are, or are likely to be, successful entrepreneurs. Overall business activity (early stage and established) is at 9.9%. But 5.8% of adults in South Africa have sold or closed down businesses over the past year.
To make matters worse, approximately 45% of South Africa's entrepreneurs are ‘necessity entrepreneurs’, i.e. they would take the first available job if it came along.
