South Africa, Aug. 22 -- Absence of an enabling environment, lack of financial support, weak economic infrastructure, and lack of policy coherence for small business support need to be addressed quickly if small businesses are not to fall far behind their counterparts in other parts of the world.
Given the small number of indigenous African small to medium enterprises (SMEs) compared to other parts of the world, education and training support for entrepreneurs is needed to help establish a good foundation for small business growth. Students and anyone interested should be encouraged to become entrepreneurs because of their potential to explore non-traditional business models.
Another area where government assistance and support is needed ...