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CAITLIN MACLEOD: South Africa’s start-up problem isn’t funding — it’s access | SA News

Entrepreneurship, according to economist Israel Kirzner, is a “tendency for profit opportunities to be discovered and grasped by routine-resisting entrepreneurial market participants”.

Kirzner, an alumnus of the University of Cape Town and emeritus professor at New York University, is celebrated for his work defining entrepreneurship. The successful market actor, he says, is always “spontaneously on the lookout for hitherto unnoticed features of the environment which might inspire new activity”.

South Africa has no shortage of such routine-resistant entrepreneurs, but a fraction find success. A constraint usually cited is capital. Corporates, government bodies and NGOs eager to nurture…

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