Why 65% of South African SMEs Fail (And How You Can Beat the Odds)

Starting a business is a dream for many South Africans, a chance to create something meaningful, provide for your family, and contribute to our vibrant economy. But here’s a harsh truth: data from a 2024 Statista report shows that over 65% of SMEs in South Africa fail within their first two years.

Even more shocking is that less than 25% of these startups invest in professional market research.