By Newsbreak Producer Hoosen Ebrahim - The entrepreneurship route is often touted as a huge source of employment and economic growth for the country. However, small businesses are at severe risk with over 75% of them faced with failure or bankruptcy. That's according to Vuyelwa Nyakaza, Managing Director of development firm - Sukume Consulting. She says although the small and medium enterprise (SME) sector contributes 39% to South Africa's GDP, the failure rate is between 50% - 95% depending on the industry. Nyakaza says it's therefore important that proper research and consultation is carried out by prospective entrepreneurs...

<p>By Newsbreak Producer Hoosen Ebrahim - The entrepreneurship route is often touted as a huge source of employment and economic growth for the country. However, small businesses are at severe risk with over 75% of them faced with failure or bankruptcy. That's according to Vuyelwa Nyakaza, Managing Director of development firm - Sukume Consulting. She says although the small and medium enterprise (SME) sector contributes 39% to South Africa's GDP, the failure rate is between 50% - 95% depending on the industry. Nyakaza says it's therefore important that proper research and consultation is carried out by prospective entrepreneurs...</p>

Award-winning Current Affairs and news talk show bringing you topical news issues of the week. Relevant to Lotus FM - we cover issues YOU want - beating deadlines, making headlines. 6-7am, 1-1:30pm weekdays and weekends from 1-2pm.

Award-winning Current Affairs and news talk show bringing you topical news issues of the week.

Newsbreak

Award-winning Current Affairs programme and News talk show bringing you topical news issues of the week relevant to Lotus FM - we cover issues YOU want to hear - beating deadlines, making headlines. 5-6am, 12-12:30pm weekdays and weekends from 12-1pm.

<p>Award-winning Current Affairs programme and News talk show bringing you topical news issues of the week relevant to Lotus FM - we cover issues YOU want to hear - beating deadlines, making headlines. 5-6am, 12-12:30pm weekdays and weekends from 12-1pm.</p>

Advertisement