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Send  Share  RSS  Twitter  29 Oct 2009

BUSINESS: Entrpreneurship Summit in South Africa


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Successful economies around the world are characterised by a dynamic entrepreneurial culture, and entrepreneurship is recognised globally as a powerful job-creation engine.

The Global Entrepreneurship Monitor 2008 reports that “high-impact entrepreneurs in particular make an outsized contribution to job creation, sometimes providing for the totality of new net job creation in the economy.”

In South Africa, however, rates of participation in entrepreneurship stand at just 5%, putting the country far behind its peer emerging market countries like Brazil (12%) and Indonesia (19%).

During Global Entrepreneurship Week in November 2009, top decision-makers and key stakeholders will lead a Summit to debate the state of entrepreneurship in South Africa, and investigate possible solutions to the country’s low rates of entrepreneurial activity.

Entitled “The State of Entrepreneurship in South Africa: Strategies for the Future”, the Summit is being made possible by Endeavor SA, official host of Global Entrepreneurship Week in South Africa, along with sponsor First National Bank (FNB) Commercial Banking .

It will take place on 19 November at the FNB Conference and Learning Centre in Sandton.

“As an NGO that supports high-impact entrepreneurs, Endeavor SA is heavily invested in driving debate and influencing policy regarding entrepreneurship in our country,” says Malik Fal, MD of Endeavor SA.

The Summit will kick off with a headline panel discussion that will outline the state of entrepreneurship in South Africa, strengths and challenges. This will set the stage for five breakaway panels dealing with Access to Capital; Incubator Support; Culture of Entrepreneurship; Access to Skills; and Broad-based Black Economic Empowerment and Enterprise Development. Delegates will be able to choose which of these five interactive panel discussions they wish to join.

“We are thrilled to have the likes of Adrian Gore, Hlumelo Biko, Alec Hogg and Mike Herrington on the panels, along with other key stakeholders, decision-makers and successful South African entrepreneurs. The discussions arising out of these panels will be captured in a multi-authored White Paper that will cover key issues and propose innovative solutions to drive a dynamic culture of entrepreneurship in South Africa,” explains Fal,

The keynote address will be delivered by Jonathan Ortmans, Head of Global Entrepreneurship Week at the Kauffman Foundation for Entrepreneurship, Kansas City, USA.

The Summit will also see the official launch of the South Africa Fast Growth 100 list. Founded by AllWorld Network, Professor Michael Porter of the Harvard Business School and Endeavor SA, this initiative will identify and rank the country’s fastest-growing entrepreneurial companies and in so doing, map the South African entrepreneurial landscape.

AllWorld Network co-founder, Deidre Coyle explains, “The fastest-growing entrepreneurial companies across South Africa will become role models of success, inspiring others to pursue entrepreneurial ventures, and thereby foster a culture of entrepreneurship in the country. The South Africa Fast Growth 100 List will also provide real time data into where South Africa is most innovative and best-positioned to create jobs.”

Details of the event can be found at

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