1. Review of Trends & Performance
Entrepreneurial Dynamism/Opportunities
Number of businesses increased – informal
Probably necessity not opportunity
Barriers to entry low for some sectors
Formal sector declined – macro environment
African women esp. good growth

2. Review of Trends & Performance
Entrepreneurial Capacity
Failures are costly
New registrations stable
Liquidation rates increased – but not substantial
Contribution to employment – established vs. new
Contribution to GDP – largely static

3. Basic Statistics Employment Contributions static overall
Very small and small segments growing

4. Basic Statistics GDP Contributions static overall
Very small and small segments growing

5. Non-VAT registered businesses
Basic Statistics
Non-VAT registered businesses

6. Review of Trends & Performance Conclusions
Macroeconomic environment and outlook crucial
Entrepreneurial dynamism present but barriers to entry in some sectors and esp. formal sector
Institutional environment
Growth stems from new SMMEs increasing competition and lowering returns
Established SMMEs stagnant

7. Sector Reviews Tourism - Highlights Sector performance
Tourism’s impact on job creation & SMME development.