[2][3] Prior to the ministry's creation in 2014, small business policy and its implementation was under the control of the Trade and Industry department and its minister, with poor results.

[4] On 25 May 2014, President Jacob Zuma appointed his cabinet with the new ministry of Small Business Development created, and its minister was named as Lindiwe Zulu.

[5] Speaking at a meeting in Durban in November 2018, Minister Lindiwe Zulu expressed a view that the Ministry of Small Development must continue after the election in May 2019.

[6] President Cyril Ramaphosa expressed his view at the State of the Nation (SONA) address in February 2018 that cabinet ministries should be reduced to save money.

The challenges facing South Africa are immense: it is a relatively young democratic, highly inegalitarian country, with enormous socio-economic problems.

[19] The creative brilliance of the lead entrepreneur and the quality, maturity, and depth of the entrepreneurial team significantly influence the success of a venture.

However, high levels of uncertainty of laws and policies and other forms of institutional obstacles requiring fluid adaptive responses discourage initiative, weakens perseverance and resilience and confuses risk-reduction strategy.

[21] In order to be successful in their entrepreneurial ventures, entrepreneurs should have skills and expertise in the industry in which they operate, and should be able to identify gaps and opportunities in the market and take advantage of them.

[22] Financial institutions are quite nervous to lend money to new businesses owing to the risk of failure associated with them; entrepreneurs should find a founding partner who will act as a mentor, as well as give access to funding.

[23] Financial institutions are quite nervous to lend money to new businesses owing to the risk of failure associated with them; entrepreneurs should find a founding partner who will act as a mentor, as well as give access to funding.