Johannesburg - Cape Town is South Africa's most entrepreneurial city, a new study has found.
The percentage of Capetonians who pursue business opportunities are almost three times the national average.
The Global Entrepreneurship Monitor's research findings over the past five years show that the percentage of people between the ages of 18 and 64 in Cape Town who pursue new business are 190% above the national average.
In Johannesburg, it is only 60% above the national average.
But only 5% of new entrepreneurs in Cape Town and only 6% in Johannesburg make use of the latest technology in their businesses.
Only 15% of new entrepreneurs in Cape Town expect to have more than ten employees in five years' time.
More should be done to help small businesses in the early stages of their activities and encourage them to create new jobs, says Herrington.
- Rapport