Rates of self-employment and entrepreneurial activity are low
Entrepreneurial activity is relatively low within most groups
Small firms are most prevalent in business services
Components of net job creation by start-ups
Regulatory barriers to entrepreneurship are high: OECD product market regulation sub-indicator, 2013
There is considerable variation in regulatory procedures across cities (graph)
There is scope to reduce the complexity of regulatory procedures
The corporate insolvency regime is strong but the recovery is low
The tax rate on small businesses rises sharply with income
Concentrated industries are more capital intensive
Large zombie firms may be adding to barriers to entry
Many South African entrepreneurs export
Government loan guarantees are low
Venture capital is relatively well developed