Failure to launch

  • Fact: #

Rob Davies, Minister of Trade and Industry, recently said that five out of every seven South African start-ups fail in their first year, while the international average is one out of two. (http://bit.ly/Uc3Jvw)

This week’s theme: Small businesses

One response to “Failure to launch

  1. Ron Wheeldon

    10 years Ago

    THe problem here is that the government is not supporting SMME across the board, it is supporting only “black” SMME. The small businessman who cannot claim to be previously disadvantaged, has a hostile environment. Racial discrimination against him/her, a swollen and disinterested bureaucracy, massive red tape and a rampant SARS with sweeping powers to take funds out of businesses at will, which uses those powers with little concern for the consequences. ALL small businesses need support and a nurturing environment, not just those who happen to be started by a particular racial group.

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