Five reasons why South Africa has lost 83 000 businesses since 2007

Five reasons why South Africa has lost 83 000 businesses since 2007

The greatest struggle in South Africa is the arduous task of reigniting the jobs market. Youth unemployment is the highest in the world here and millions of citizens are effectively excluded from the realm of work. So the latest findings from the Enterprise Observatory of South Africa (EOSA) don’t make for a light read.

The researchers have concluded that, for a 10-year period between 2007 – 2017, the number of companies registered in South Africa took a nosedive. From having 222 532 tax-paying businesses in 2007, that latest figure now stands at 139 664 – a massive decline of almost 83 000 places of employment, equating to 37% of the market.

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2019-07-06T17:14:23+02:00 Jul 6th, 2019|Entrepreneurship|