Participation by a greater number of firms and individuals in the South African economy is hindered by a range of barriers identified in recent CCRED studies, including access to finance.
The black industrialists programme in context: the real barriers to entry
Anthea Paelo
South Africa has one of the highest levels of income inequality in the world with a Gini coefficient that has remained around 0.65 over the past decade.1 In addition, South Africa’s unemployment rate, using the narrow definition, at 26.4% is very high.2 Much of this has been attributed to the legacy of apartheid during which the majority of South Africans were economically marginalised with few economic opportunities.