#PODCAST With over 75% of SA small businesses risking failure, we discuss the key to "survival" as a local entrepreneur #sabcnews #sabcnews

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...