39% of small business owners indicated that cash flow was a key obstacle to starting their businesses. Due to strict bank regulations, and collateral requirements, they were not able to easily access short-term credit for funding.
71% of South Africa's women have educational qualifications equal to or lower than Grade 12, placing great obstacles in their business opportunities that require high levels of expertise.
First time business owners and entrepreneurs don't readily have the access to networks of investors or potential partners.
South Africa's established business stand at 2.9 % with total entrepreneurship activity at 10.6% and increasing. 1/3rd of South African small businesses closed shop in 2014.
*Source: S.A. Dept. of Trade & Industry; Youth Enterprise Development Strategy 2013-2023