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Financial literacy and youth entrepreneurship in South Africa

Author

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  • Emmanuel Kojo Oseifuah

Abstract

Purpose - The purpose of this paper is to assess the level of financial literacy and impact on youth entrepreneurship in South Africa. Design/methodology/approach - The paper used both desk research and questionnaire complemented by interview to assess the level of financial literacy among youth entrepreneurs in the Vhembe District of the Limpopo Province, South Africa. Findings - The paper reveals that financial literacy among youth entrepreneurs in the Vhembe District appears to be above average and contributes meaningfully to their entrepreneurship skills. Research limitations/implications - Further research is needed to verify in specific and practical terms, the level and impact of financial literacy on youth entrepreneurs in the Vhembe District. Practical implications - Education and training at both high school and tertiary levels with emphasis on financial literacy and entrepreneurial skills may have significant implications for small-, micro-, and medium-sized enterprise development and growth for the youth entrepreneur in Originality/value - The paper is the first to examine the level of financial literacy among youth entrepreneurs in the Vhembe District. The paper therefore sets an important benchmark for further research in this area.

Suggested Citation

  • Emmanuel Kojo Oseifuah, 2010. "Financial literacy and youth entrepreneurship in South Africa," African Journal of Economic and Management Studies, Emerald Group Publishing, vol. 1(2), pages 164-182, February.
  • Handle: RePEc:eme:ajempp:v:1:y:2010:i:2:p:164-182
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    Citations

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    Cited by:

    1. Simplice Asongu & Jacinta C. Nwachukwu, 2017. "Openness, ICT and Entrepreneurship in Sub-Saharan Africa," Working Papers 17/032, African Governance and Development Institute..
    2. Vanessa Simen Tchamyou, 2017. "The Role of Knowledge Economy in African Business," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 8(4), pages 1189-1228, December.
    3. Asongu, Simplice, 2017. "Mobile Phone Innovation and Technology-driven Exports in Sub-Saharan Africa," MPRA Paper 84040, University Library of Munich, Germany, revised May 2017.
    4. Simplice Asongu & Nicholas Biekpe, 2017. "Mobile Phone Innovation and Entrepreneurship in Sub-Saharan Africa," Working Papers 17/023, African Governance and Development Institute..
    5. Asongu, Simplice & Kodila-Tedika, Oasis, 2016. "Determinants of Property Rights Protection in Sub-Saharan Africa," MPRA Paper 76587, University Library of Munich, Germany, revised Nov 2016.
    6. repec:eee:tefoso:v:131:y:2018:i:c:p:183-203 is not listed on IDEAS
    7. repec:eur:ejesjr:199 is not listed on IDEAS
    8. Simplice Asongu & Jacinta C. Nwachukwu, 2017. "Recent finance advances in information technology for inclusive development: a survey," Working Papers 17/009, African Governance and Development Institute..
    9. William Barnett & Mingzhi Hu & Xue Wang, 2018. "Does the Utilization of Information Communication Technology Promote Entrepreneurship: Evidence from Rural China," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS 201802, University of Kansas, Department of Economics, revised Feb 2018.
    10. Simplice Asongu & Nicholas Biekpe & Vanessa S. Tchamyou, 2018. "Remittances, ICT and Doing Business in Sub-Saharan Africa," Working Papers 18/010, African Governance and Development Institute..
    11. Asongu, Simplice A. & Nwachukwu, Jacinta C. & Orim, Stella-Maris I., 2018. "Mobile phones, institutional quality and entrepreneurship in Sub-Saharan Africa," Technological Forecasting and Social Change, Elsevier, vol. 131(C), pages 183-203.

    More about this item

    Keywords

    Literacy; Youth; Entrepreneurialism; South Africa;

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