An Exploration of Factors that Discourage South African University Students’ Entrepreneurial Intention

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An Exploration of Factors that Discourage South African University Students’ Entrepreneurial Intention

June 7, 2021 Economics and Management 0

In South Africa, unemployment is a well-documented socioeconomic issue. This problem is exacerbated among the country’s youth. Most young people attend postsecondary institutions in the hopes of finding work, only to be confronted with the harsh realities of high youth unemployment once their degrees are completed. This leaves grads with two options: start a business or remain unemployed while looking for work. This socioeconomic dilemma is not exclusive to South Africa; it affects a large number of emerging countries. As a result, experts have begun to investigate what factors may be deterring young people from starting their own businesses as a means of combating high unemployment rates. Despite the fact that entrepreneurship is widely regarded as a springboard for youth economic engagement, they face numerous roadblocks on their entrepreneurial journey.

The current study’s goal was to find out what variables hinder young people from starting businesses at a South African institution. The study used a quantitative research technique, with data collected from 247 individuals via structured questionnaires and analysed using factor analysis. After analysis, it was discovered that a lack of business management skills, risk and economic difficulties, financial challenges, a lack of a support system, an uncertain future and difficulty in finding partners, bureaucracy and crime, as well as a lack of relevant information were the factors deterring prospective young entrepreneurs from engaging in entrepreneurial activities at this university.

Author (s) Details

Veritas Kiyven Nsahlai
Durban University of Technology, Pietermaritzburg, South Africa.

Luther-King Junior Zogli
Durban University of Technology, Pietermaritzburg, South Africa.

Emmanuel Lawa
Durban University of Technology, Pietermaritzburg, South Africa.

Bongani Innocent Dlamini
Durban University of Technology, Pietermaritzburg, South Africa.

View Book :- https://stm.bookpi.org/IEAM-V11/article/view/1324

 

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