Social Entrepreneurship and South Africa Essay

1493 Words 6 Pages
Socially, entrepreneurship empowers citizens, generates innovation and changes mind sets. These changes have the potential to successfully integrate developing countries into the global economy. Economically, entrepreneurship stimulates markets by not always inventing or producing new things but introducing and exploring new and better dimensions. The formation of new business leads to job creation and has a multiplying effect on the economy because it lead to economic growth and expansion; social entrepreneurs serve as wide-ranging examples of motivation, purpose, selflessness and ability, especially among the young generation, seeing other successful in their own ventures and making positive impact in society can encourage other young …show more content…
SHAWCO projects cape town is a good example of a project that regularly include university faculty and students, local businesses, and community members, which is typical of many social entrepreneurship endeavours in facilitating cooperation between that state, community, educational institutions, and the private sector
In the presence of a corrupt, non‐developmental state, social entrepreneurs can serve as the basis for the political mobilisation of people from poor communities. The Treatment Action Campaign in South Africa, where AIDS activist forced the South African state to provide anti-retroviral drugs, is one good example of community group banding together to solve problems that the government have failed to address, or using the market and the general public to become a constituency to promote political change.
At a macro-level private sector development and entrepreneurship development are essential ingredients for South Africa and any other developing country in achieving the United Nations Millennium Development Goal of reducing poverty, The South African government has long recognised the vital contribution that entrepreneurs can play in economic development and the social upliftment of its people and is putting every policy in place to recognise and encourage entrepreneurial activities in South Africa. This process will contribute

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