The effect of entrepreneurship and small in the south African economy

1. ENTREPRENEURSHIP &
SMALL BUSINESSES

2. Entrepreneurship is the engine
room of the South African economy

3. SMALL BUSINESSES
• 70% OF THE BUSINESSES IN SOUTH AFRICA ARE SMALL BUSINESSES
• THEY EMPLOY OVER 1.6 MILLION PEOPLE IN THE COUNTRY
• SMALL BUSINESSES ALSO CONTRIBUTES TO THE ECONOMY’S GDP

4. Why do we need entrepreneurs in SA

5. • Small businesses operate as sole traders, partnerships,
trusts, companies or a
• combination of these. A small business may use a
complex structure, including
• trusts and companies, for a number of reasons, including
tax.
• Small businesses tend to pay more per dollar of turnover
in tax compliance costs
• than larger businesses. This limits money available to
grow the business.

6. Some of the existing measures to
support innovation and small business

7. ENTREPRENEURSHIP PLAYS A MAJOR ROLE IN
ECONOMIC DEVELOPMENT

8. REFERENCE
• https://www.slideshare.net/raunaq23/entrepreneurship-club-
slides?qid=a5c02ff0-07b5-4876-9194-
5a45b80876ce&v=&b=&from_search=4
• https://www.slideshare.net/BarbaraONeill/entrepreneurship-
personal-finances-slides?qid=7d43674e-a5bb-4d84-945b-
bc4f910222e0&v=&b=&from_search=8
• https://www.slideshare.net/BetterTax/entrepreneurship-
innovation-and-small-business-a-sketch-in-five-slides