Snapshot of the issue
* Of a population of 46 million people in South Africa, 48.5% of people are living in poverty with an income of R354 per month per adult. That's a bag of groceries!
* Official unemployment estimates are at 25,5% although many believe 40% unemployment is more accurate. That's between 5.2 and 8.4 million people.
* Poor people are marginalised from access to income generation opportunities and mainstream economy.
* South Africa has one of the highest rates of income inequality in the world.
* Opportunity entrepreneurs are people who are taking advantage of a business gap while necessity entrepreneurs, the majority, are people who have no better options for work.
* South Africa has the lowest entrepreneurial activity rate of all the developing countries.
* A low proportion of South Africans believe they have the skills and experience necessary to start a small business.
* Start up finance is identified as the biggest problem facing entrepreneurs.
Unemployment must be tackled through economic growth, job creation, poverty alleviation and wealth redistribution