Young South Africans are turning to entrepreneurship as youth unemployment soars

As youth unemployment in South Africa hits a staggering 44.6%, an increasing number of young South Africans are no longer waiting for job opportunities that may never materialise.

- ASHLEY LECHMAN

Instead, they are proactively creating their own paths through entrepreneurship.

This trend is not merely a solution to economic necessity; it also embodies a spirit of innovation and a desire for meaningful impact, wealth-building, and the continuation of family legacies.

In recent months, statistics have shown a 3.5% surge in youth entrepreneurship, even as traditional employment avenues continue to dwindle. “We're witnessing young people embarking on entrepreneurial journeys earlier than ever before,’ said David Morobe, Executive General Manager for Impact Investing at Business Partners Limited.

“For many, the drive stems from the harsh reality of scarce job opportunities. But for others, it’s a passionate choice—a chance to solve real problems, establish their own ventures, and contribute positively to their communities.”

This entrepreneurial boom is visible in various sectors, from agricultural innovations using drones to sophisticated AI applications in food systems.