1887

n Skills at Work: Theory and Practice Journal - The state of black business since the democratisation of South Africa in 1994

Volume 9 Number 1
  • ISSN : 1815-3666

Abstract

This article examines the concept of entrepreneurship in South Africa. It reflects specifically on black (African, Indian and Coloured) enterprises and their trajectory since the constitutional changes witnessed in the country post 1994. It argues that whilst the new government’s Black Economic Empowerment (BEE) policy was a key enabler in getting blacks into business in the formative years of democracy, the focus going forward ought to be on entrepreneurship promotion, which has the potential to facilitate black people’s meaningful economic participation as providers of goods and services. The article reflects on black ownership of Johannesburg Stock Exchange (JSE) – listed companies, the black middle class and black millionaires, and argues that despite these positive trends, black people’s overall share of the economy remains small in proportion to their relative weight in the population. The article concludes by proposing four major determinants that can possibly fast-track black entrepreneurship in South Africa.

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/content/journal/10520/EJC-16d2e1852e
2018-12-01
2020-03-29

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