for subscribers

Crises are springboards for entrepreneurship, but will SA seize the opportunity?

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
0:00
play article
Subscribers can listen to this article
Flux Trends says the lockdown has seen a boom in the establishment of small businesses out of need.
Flux Trends says the lockdown has seen a boom in the establishment of small businesses out of need.

In 1987, Paul Harris, Gerrit Ferreira and Laurie Dippenaar founded RMB Holdings and went ahead to acquire Momentum and launch Discovery in 1992 - both tumultuous times in South African history.

The 1987 stock market crash could have forced the recently registered, bank-controlling company to adjust its growth ambitions and the transition to a new South Africa while the 1992 referendum to abolish apartheid could have tempted RMH to shelve its acquisition plans.

But they didn't. These periods of crises have proven to ignite entrepreneurialism in SA, says futurist, economist and business trends analyst, Bronwyn Williams.

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in
All Share
55339.58
(+0.99)
Top 40
50692.28
(+0.83)
Financial 15
10790.70
(+3.99)
Industrial 25
74905.70
(+1.05)
Resource 10
52561.57
(-0.49)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, and I've gotten it.
24% - 69 votes
No, I did not.
52% - 150 votes
My landlord refused
24% - 71 votes
Vote