Teentrepreneurship: An Entrepreneurship Framework For Teenagers in South Africa
Abstract
Youth unemployment may pose the biggest future challenge to the alleviation of poverty. Oluwatayo & Ojo (2018) attribute the high African youth unemployment rate to inequality, exclusive economic growth, and youth marginalisation. The South African formal youth unemployment rate is reported to be at 55.2%, while the estimated youth underemployment rate is closer to 65% and, in some regions, 80% (Herrington & Kew, 2018; Trandingeconomics.com, 2019c). Despite the potential of entrepreneurship as a solution, there appears to be a paucity of knowledge regarding the essential components necessary to foster an effective entrepreneurial transition for teenagers.
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