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"Most South Africans are stuck in an inequality trap, with wealth concentrated in the hands of a few," says Bonnie Mayeza, owner of Baked by Bonnie, a bakery in Daveyton, South Africa.
"Breaking this vicious cycle requires a fundamental change in someone's life trajectory."
Mayeza, who's been a social entrepreneur for more than a decade, says she's seen first-hand the power of self-employment and entrepreneurship to break the cycle of intergenerational poverty.
But it's not just in South Africa.
A 2018 International Labor Organization report shows that more than 60% of the world's employed population is in the informal economy, which includes unregulated, unprotected, and untaxed activities.
In South Africa, for example, only 16% of people are in formal employment, with 34% unemployed, while the rate is 45% for developing and emerging countries similar to South Africa.
"The opportunity is clear: we cannot expect the formal sector to'save' us from our unemployment issue," says Haroon Bhorat, director of the Development Policy Research Unit at the University of Cape Town, per USA Today.
"South Africa is not producing a sufficiently entrepreneurial economy," he adds.
"This needs to be addressed if we wish to create employment,
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
National Award-Winning Startup "RampMyCity" Makes 30 Public Places Wheelchair Accessible.RampMyCity is on a mission to build an Inclusive, Accessible, and New India.With 600+ public locations already...more
Good Experts Episode 1: How to do AI the social enterprise way.Speakers at the ChangeNow conference offer practical solutions to create a truly sustainable AI.Also this week: will B Lab's new...more
Haril Kazindra and wife Andrea are the co-founders of Musana, a community development NGO that runs 19 social enterprises across Uganda.Musana has offices in Denver and London and employs 700 staff,...more
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The Impact Leaders Book, co-authored by Dr. Iris Wright and Kevin Harrington, the original Shark from Shark Tank, will officially launch in Hollywood, California, on October 4, 2025.Wright is an...more
Gawad Kalinga faces questions over its response to concerns about the care of young people in its organization.He believes that open and honest discussions engaging not just organization heads, but...more
Assam NewsVeteran entrepreneur and artiste Abhijit Chaliha passed away at the age of 65 at his residence in Sivasagar town.He was the cousin of former Assam Chief Minister Bimala Prasad Chalih.Among...more
WayMakers is an organisation which supports people with autism and ADHD.Founder Alex Kelly says businesses may not be aware of the support available.Support includes neuro-affirming strategy...more
In this feature, we spotlight 10 entrepreneurs who aren't just following trends, they're creating them.Whether they're using technology to streamline healthcare, redefining sports opportunities for...more
Non-profit social enterprise Grow ECD's learners are developmentally on track and ahead of the national average.Their online curriculum is now available for free to any ECD centre in South Africa.232...more
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Spotlight
When it Comes to Social Enterprises, Failure is the Best Platform for Innovation
In the world of social enterprises, failure is a cringe-worthy moment nobody wants to talk about. But, social entrepreneurs can benefit from their failures.