There is a massive and urgent need in South Africa to strive to develop economic activity in poorer communities. Unemployment, disease, crime and social dysfunction are all contributing facts that are linked to a lack of economic opportunity. Enterprise Development aims to address this directly in a practical and effective way in the communities that need it most. Enterprise Development is a crucial part of broad based black economic empowerment and carries with it points for BE Scorecards, Due to this many of South Africa’s leading businesses are doing their upmost to help and increase the progress of Enterprise Development all over South Africa.
- Q What is Enterprise Development?
- A. Enterprise development (ED) can be anything from the creation of new enterprises to the redevelopment or funding of existing enterprises with the intention of accelerating such an enterprise, or many activities in between. The critical issue is that it relies on ideas that create sustainable enterprise initiatives that respond to fulfilling a need in either the consumer or B2B market