‘We anticipate some of the reasons are the environment or the enabling environment for businesses to thrive or survive in is deteriorating at the moment and people are scared to take that chance,’ says Professor Natanya Meyer, co-author of the Global Entrepreneurship Monitor South Africa report.
For Attacq’s Michael Clampett, demand for the flexible retail space at Mall of Africa indicates there is cause to open at least 10 more locations in the country’s mega malls.
Co-owner of Cape Town-based Hope Sonic, Strati Zitianellis, says the company, which manufactures affordable plastic toys for Shoprite, is stocked up for the peak Christmas shopping period.