News

News

South Africa: Women Owned Businesses Top Success Rates in SME Survey

South Africa: Women Owned Businesses Top Success Rates in SME Survey

The SME Survey 2014, an annual study of factors behind the success of small and medium enterprises (SMEs) in South Africa, has found that a small business owned by a women has a better chance of being profitable than one run by a man. Equally surprising is that those companies owned by couples or a mix of genders are substantially less likely to be profitable than those operated by either male or female-owners. "While this result may seem like a big win for women, it comes with an immediate qualifier: the level of female ownership is exceptionally low," says Arthur Goldstuck, SME Survey principal researcher and MD of World Wide Worx.

Gender Finance