Education key to successful entrepreneurship

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Cape Town - Business is simple, but not easy and once someone understands the fundamental building blocks of business, the person is closer to being able to distinguish between a poor, mediocre or great business opportunity or venture, according to Jannie Rossouw, head of Sanlam’s Business Market.

In his view, the lack of formal education for entrepreneurship is evident in the failure rate of SMEs and in the extent to which South Africans often abandon their entrepreneurial dreams.  

One reason why the fall-out rate of new entrants in the SME market is staggeringly high is because SA's education system ill-equips learners for the labour market - either as employees or as potential business owners.

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