THE CONTRIBUTION OF ENTREPRENEURSHIP TO DOMESTIC ECONOMIC GROWTH IN MUNICIPAL DISTRICT OF SOUTH AFRICA
THE CONTRIBUTION OF ENTREPRENEURSHIP TO DOMESTIC ECONOMIC GROWTH IN MUNICIPAL DISTRICT OF SOUTH AFRICA

Summary/Abstract: The primary goal of the study is to look at how entrepreneurship affects regional economic development in the Nkangala District Municipal area. Economic empowerment, income and employment development, economic restructuring, and the eradication of economic inequality can all be achieved through entrepreneurship. Through creating jobs, encouraging creativity, creating effective techniques for utilising resources, and improving people's socioeconomic well-being, entrepreneurship promotes economic progress. This investigation employs a quantitative research approach. There are 55 business owners in the study sample. The data from the study were analysed using SPSS. Regression and correlation analysis were used to quantitatively analyse the research variables. Using Cronbach's Alpha, the results indicated that a coefficient greater than.70 ensures the validity and reliability of the research instruments. The study concludes that building knowledge and abilities in this area, emphasising entrepreneurial education, and considering mentorship initiatives are crucial. Recognising adequate education in the context of the digital economy and the fourth industrial revolution is one of the main principles in this. The use of digital technology affects the environment and creates previously unthinkable exponential development for new participants with a variety of business models and philosophies.

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