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SA economy needs more women entrepreneurs

7 May 2015

According to the South African Women Entrepreneurs' Network, approximately 70% of informal businesses in South Africa are owned or controlled by women, but the 2014 SME Survey has revealed that only 8% of small and medium enterprises are owned by women.

SA economy needs more women entrepreneurs

This extreme informal-formal business divide is puzzling. What's stopping women entrepreneurs from taking a step in the formal direction? Robyn Farrell, executive head of 1st for Women, cites barriers including lack of financial resources, lack of networking opportunities and gender stereotypes.

"Our economy needs more women entrepreneurs to take the plunge. To break down these age-old barriers, women entrepreneurs need all the encouragement and support they can get," says Farrell.

One such event that does just that is Kamers vol Geskenke, a colourful celebration of local creativity, innovation and talent. Kamers was established in 2003 and showcases over 200 traders, 95% of which are women, selling an array of handcrafted wares.

Kamers vol Geskenke will take place in the Cape Town City Hall from 7-10 May.