South Africa is the second-best African country for women entrepreneurs!

The newest Mastercard Index of Girls Entrepreneurs discovered that South Africa is without doubt one of the finest African nations for feminine enterprise homeowners within the small and medium enterprise sector.

South Africa got here second solely after Botswana and in thirty seventh place globally. This place places us above nations like Hungary, Italy, Ghana, and Angola.

Extra South African feminine enterprise homeowners in 2021

The Mastercard Index of Girls Entrepreneurs discovered that extra South African girls began a enterprise in 2021 in comparison with 2020. Different African nations that noticed the same pattern had been Algeria, Egypt, Tunisia, Angola, and Botswana.

Sadly, some feminine entrepreneurs needed to begin companies in 2021. That was as a result of job losses pushed by the COVID-19 pandemic and ensuing lockdown measures.

Total, probably the most vital elements that brought about a rise in feminine entrepreneurs in South Africa in 2021 included the next:

• Availability of SME enterprise capital, which is an element that performs a important half in simple and honest entry to finance.
• Perceived alternatives and capabilities, for instance, a excessive illustration of girls in management roles
• Feminine necessity-driven entrepreneurship
• Feminine opportunity-driven entrepreneurship
• Larger training entrepreneurial coaching
• Inside market openness, or constructive attitudes to entrepreneurship
• Political stability and absence of violence

Girls enterprise homeowners are a important funding in our financial future

Jane Prokop, Government Vice President, International Phase Lead for SMEs at Mastercard, mentioned in her foreword of the Mastercard Index of Girls Entrepreneurs, that girls enterprise homeowners are usually not solely good for communities however a important funding in a rustic and the world’s financial future.

Prokop added, “From homeowners of native shops to suppliers of health- and childcare; to leaders of latest expertise corporations and all the pieces in between, girls entrepreneurs are pivotal to our increasing economic system. The entrepreneurial spirit sees alternative on daily basis to reimagine, refresh and reinvent. Creating the fitting social, political, and monetary understanding and situations for that spirit to take maintain and produce real-world results is of singular significance for future financial development.”

What’s the Mastercard Index of Girls Entrepreneurs?

The Mastercard Index of Girls Entrepreneurs (MIWE) makes use of 12 indicators and 27 sub-indicators to measure the power of girls to progress and thrive within the enterprise world.

To see exactly how girls are faring in enterprise, monetary, training, and office settings, the MIWE compares feminine entrepreneurs to their male counterparts at a nationwide stage and their friends on a world stage.