The road to successful entrepreneurship in South Africa

Global Business

South Africa is on a drive to foster a culture of entrepreneurship in the country.

The creation of small businesses is integral to the success of the National Development Plan, a map for the country’s growth path over the next two decades.
But with an almost 70 percent failure rate for start-up businesses, it may be a difficult road.

CCTV America’s Sumitra Nydoo talks with a female entrepreneur about her challenges.
Follow Sumitra Nydoo on Twitter @sumitranydoo

The road to successful entrepreneurship in South Africa

South Africa is on a drive to foster a culture of entrepreneurship in the country. The creation of small businesses is integral to the success of the National Development Plan, a map for the country's growth path over the next two decades. But with an almost 70 percent failure rate for start-up businesses, it may be a difficult road. CCTV America's Sumitra Nydoo chats to a female entrepreneur about her challenges.

Meanwhile, Africa is boasting what is being called by some reports “African Lion” economies. Africa has skyrocketed in ranking in terms of investment attractiveness. In 2011, the continent was third to last.

Now Africa is the second-most attractive destination in the world according to a new global survey. That’s second only to North America. But foreign direct investment has been declining the past two years, mostly because of political uncertainty in North Africa.

CCTV America spoke to Sabina Dewan, President and Executive Director at JustJobs Network, for more on economic growth in Africa.

Growing foreign investment in Africa

Now Africa is the second-most attractive destination in the world according to a new global survey. That's second only to North America. But foreign direct investment has been declining the past 2 years, mostly because of political uncertainty in north Africa. For more on that, CCTV America spoke to Sabina Dewan, President and Executive Director at JustJobs Network.