PLEASE NOTE:

MyNews24 is a user-generated section of News24.com. The stories here come from users.

 
daneardley
 
Comments: 16
Article views: 851
 
 
Latest Badges:

 
View all daneardley's badges.
 

Youth entrepreneurship stifled in South Africa

09 November 2012, 12:30

South Africa can be said to be the land of opportunity, with a vibrant and diversified youth, an economy with gaps for entrepreneurs prosper, and good university systems in place to allow for world class education. So why are there so few young people taking the chance to grow their own companies, and contribute to the economy through starting and running their own businesses.

Many of the skilled and ambitious youth in South Africa are having a difficult time finding jobs that meet their expectations, either due to their expectations being too high, a difficult and tumultuous economy, or through political interference and unjust policies. So if the opportunities are not presenting themselves through the normal career channels, why not look at the starting your own business? After all, the possibilities are there. With large untapped markets filtering down from the first-world countries to South Africa, and the need for entrepreneurs to step in and grow this economy, why not take the risk?

As a young university graduate, I (along with countless others) have been groomed into believing that the only way to make a decent living is through many years of studies, working your way up the corporate ladder, and drinking lots of coffee. This gets instilled in your psyche over many years, with the student studying professional qualifications getting constant praise for “doing the right thing”. This is true to an extent, as after many years of studies, another few years of internships and articles, you will be qualified to manage somebody’s business, or to work your way through the ranks of a company.

The problem with this route is that by the time you are qualified, and free to start your own business, you are at the age where you would look to get married, settle down, buy a home to start a family in, buy a dog and think about kids. Starting a business at this age, or at this time of your life, is risky due to you wanting some certainty, and having commitments to attend to.

I feel that the best time to start, or attempt to start, a business is just after undergraduate at university. You have some theoretical knowledge, you are at the age where you have little to no commitments (financial or other – with the exception of student loans), and you have been able to network with fellow students and lecturers regarding entrepreneurship. But instead we “need” to do honours, then we “need” to do articles or an internship. After all, if we don’t then all the studies were for nothing.

In my mind, this mentality that is present across the country and driven in by many universities will limit the number of entrepreneurs, and ultimately limit the economic growth opportunities that are available to us in South Africa. There are also insufficient structures in place to allow access to funds for budding entrepreneurs to start a business, after all... bills still need to be paid, we still need to eat, but we also want to start a business.

We don’t have a “Yes we can” mentality, but rather a “Yes, that’s a good idea... maybe later” mentality.

A comfortable life is nice in the same way as a cup of tea is nice. But does it benefit the country in the long run? With many of these qualified graduates leaving the country for more lucrative jobs in other countries, shouldn’t we do something to keep these skills here, and to grow this economy together as South Africans? I could be wrong, but I think it’s something worth talking about.

Disclaimer: All articles and letters published on MyNews24 have been independently written by members of News24's community. The views of users published on News24 are therefore their own and do not necessarily represent the views of News24. News24 editors also reserve the right to edit or delete any and all comments received.

 

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
16 comments
Comments have been closed for this article.

Read more from our Users

Submitted by
TiisetsoMakhele
South Africa needs a second peopl...

A revolution is commonly defined as a fundamental change of a government or social order to a new system. Unlike reform, which refers to quantitative changes to certain, often external aspects of the system, revolution relates to a change of the entire system. Read more...

0 comments 58 views
Submitted by
Roxy Belara
Security and Poverty in South Afr...

In 2016 alone there was a total of 543524 property related crimes according to crimstatssa.com. These include theft of motor vehicle, burglary at non-residential and residential premises.  Read more...

0 comments 18 views
Submitted by
Lee Niemandt
Parents today have lost the plot

Parents today are missing the plot completely… A wise man once told me, if you want to know how to face a fast bowler, don’t speak to a fast bowler, speak to the opening batsman. Read more...

0 comments 732 views
Submitted by
Revelgen
It's Time - South Africa simply c...

Every single day brings new revelations of crooked deals by the ANC head honchos and their families, stealing billions from the poor. Read more...

0 comments 861 views
Submitted by
Jonathan de Bruin
Differently abled

As a disabled person it is disheartening knowing that we recently celebrated our 23rd anniversary of democracy and not much has been done to narrow the gap between disabled and non-disabled people. Read more...

0 comments 87 views
Submitted by
MikeHampton
Knysna Fire: Afriforum Investigat...

“My view and the Knysna Fire Department’s view are 180 degrees apart.” That’s the opinion of Dr David Klatzow who was hired by Afriforum to investigate the Great Knysna Fire.  Read more...

0 comments 370 views
 

services

E-mail Alerts The latest headlines in your inbox

RSS feeds News delivered really simply.

Mobile News24 on your mobile or PDA

E-mail Newsletters You choose what you want

News24 on Android Get the latest from News24 on your Android device.

SMS Alerts Get breaking news stories via SMS.

TV Get us in your home, on your television.

 
Interactive Advertising Bureau
 
© 2017 24.com. All rights reserved.
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.