Starting a business in a South Africa can be challenging. Young South Africans faced with a lack lust economy and low job prospects are turning to their innovations to create a future for themselves.
Starting a business in South Africa can be challenging – young entrepreneurs are met number of challenges, from navigating red tape to acquiring financing.
According to Bizmag, 50% of all start-up businesses in South Africa fail within 24 months of operations due to inability and inexperience of their owners.
We spoke to Abel Mukwevho a member of Entreprovate PTY Ltd – a group of innovators who created the “Hamelin Rat Trap”. Mukwevho said that they believe that their product can have meaningful impact on the economic and boost public health.
“The Challenges we faced in getting this far was mostly access to markets,” Mukwevho said. Penetrating the pest control market was not easy and the market is not open to innovation. With no business guidance, the group had to learn from failure.
The idea was birthed out of need, Johannesburg townships are usually faced with rat infestations. The young innovators used the internet for research and established a sucessful concept, which was able to produce sucessful results.
They believe that their innovation could be a game changer for of communities as rats put a huge burden on public health. They can also impede localised or self-farming in informal settlements and townships, says Mukweveho.
Small businesses in South Africa can help lift the countries economic burdens through job creation.
By: Mokgethi Mtezuka