Entrepreneurs pertinent to the growth of the MICE industry
Much like entrepreneurs, exhibitions are economic enablers.
There is no doubt that entrepreneurship, collectively, is an essential driver of societal health, wealth creation, and a formidable engine of economic growth. In fact, according to the latest Global Entrepreneurship Monitor South Africa report; the nascent entrepreneurial rate increased from 7,3% in 2019 to 10,5% in 2021, whereas the new business ownership rate almost doubled from 3,7% in 2019 to 7,3% in 2021, and the early-stage rate increased by an impressive 6,7% (10,8% in 2019 to 17,5% in 2021). The established business ownership rate also increased by 1,7%.[1]
Industries are paving the way for the next generation of entrepreneurs to drive economic growth by creating new products and services, stimulating new employment, a...