Media reports on the effects of climate change on Small Medium Enterprises (SMEs) in South Africa has increased over the past decade. The amount of loss in terms of assets and infrastructure suffered by SMEs is disturbing. Yet insurance providers are not eager to insure SMEs and prefer to deal larger organisations. An empirical study of 203 SMEs was done, structured questionnaires were administered to SME owners. Data was analysed and the results illustrated factors such as the reliability of an insurer, staff knowledge and brand name of the insurer have a great impact on the decision made by SMEs to build a relationship with insurance providers. The respondents, who had been approached by an insurance broker and received training, had a business relationship with an insurance provider. This helps to reach the conclusion that any form of interaction between SMEs and insurance providers helps to facilitate a business relationship.
South Africa is characterised by high unemployment levels, a low Total Early Stage Entrepreneurial Activity rate, and a high small business failure rate. Entrepreneurship and small business development is seen as a solution to end unemployment in South Africa. A study to understand how to improve small business support was conducted at the University of South Africa and has shown that alumni are unable to apply theoretical knowledge acquired from their studies. The purpose of this article is to explore the potential of the University of South Africa in becoming more entrepreneurial to address the aforementioned challenges. A desk study that reviewed literature was conducted to identify different constructs associated with an entrepreneurial university, namely entrepreneurial education, research and development, innovation, commercialisation and incubation, and stakeholders. In addition to traditional teaching methods, various alternative approaches can be used to stimulate entrepreneurial education to develop the skills of learners/students. To address these challenges a closer relationship between academia, government, and industry is paramount. It is recommended that universities incorporate entrepreneurial education in all their qualifications, expose students to on-the-job training, assist with the incubation of business ideas that students have, and provide a platform for cross-pollination of knowledge between industry, academia, and government.
The culture of risk aversion constrains the growth of the Small and Medium Enterprises (SME) sector among low-income entrepreneurs. They respond reactively to risk by using risk avoidance or by transferring the risk. The purpose of this study was to establish whether SMEs mitigate risk through the purchase of insurance. As well as to determine the influence of business size, level of education of the owner, Recovery Plan and the knowledge of insurance products on the purchase of insurance by the SME owner. A sample of 322 SMEs in the Nelson Mandela Metropolitan Area South Africa was selected and 203 questionnaires were returned. The results showed that SMEs do not to mitigate risk through the purchase of insurance. The size of the business, level of education, having a Recovery Plan and knowledge of insurance products had an influence on the purchasing of insurance by SME owners/managers for their business.
Conveyancing is the legal process of creating, transferring and dealing with interest in land. In a global world, where there is an increased use of technology to streamline and implement fast and efficient client service delivery, it would suffice that the registration process of property be digitatised. Yet in South Africa and other countries this process remains manual. Different countries have looked at innovative e-conveyancing strategies and implemented these strategies successfully. It is the aim of this article to review the different e-conveyancing strategies used by different countries and how they were implemented giving focus to the South African conveyancing process. The article examines the conveyancing process of South
Youth unemployment remains a South African problem and a global concern. Entrepreneurial activity enables people to identify opportunities and start new business ventures helping in addressing Youth unemployment. This study focuses on assessing the influence of entrepreneurship education on the learners’ intention towards entrepreneurship careers in high schools. A quantitative study was conducted consisting of 240 grade 12 learners with entrepreneurship education from the three townships in the City of Tshwane namely Mamelodi, Atteridgeville and Soshanguve. A structured close-ended questionnaire was used to collect data. Data was analysed using descriptive and inferential statistics using SPSS software. Findings have proven a relationship between theoretical education and experiential learning with learners’ intention towards entrepreneurship, with experiential learning significantly influencing the development of entrepreneurship intention in learners. Hence, to improve effectiveness of entrepreneurship education in high school learners, there should be emphasis on experiential learning. Study further indicated that entrepreneurship as a subject has an influence on the choice of entrepreneurship as a career. It is for this reason that learners should interaction with business people globally in order to gain exposure to people who have succeeded by taking entrepreneurship as a career.
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