A global survey has singled out entrepreneurship as the single most effective means of increasing employment – and it’s a trend that seems to be gaining traction in South Africa.
“In surveying the hiring intentions and recent hiring practices of a wide range of young and mature private companies, we find that entrepreneurs are indeed creating jobs,” according to the Ernst & Young (trading as EY) Global Job Creation Survey 2016.
“Of the 2 673 entrepreneurs surveyed, almost six in 10 (59%) say they intend to increase their workforces in the next 12 months, leading to an aggregate workforce increase of 9.3%, up from 47% and 7.8%, respectively, in 2015.”
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