Introduction Opening Entrepreneurs play a very important...

Introduction Opening Entrepreneurs play a very important role in the economy as they are the building blocks for a country by providing job opportunities, producing goods and rendering services to consumers. An entrepreneur is an individual or group of people (entrepreneurs’) that identify a business opportunity in a particular market and then provide a product or render a service that will satisfy the needs and wants of the consumers. In my opinion entrepreneurship should be promoted more and thought to the younger generations as it has lots of different advantages to it such as providing job opportunities which will lead to combating socio-economic problems such as poverty and unemployment which in turn will reduce crime levels because†¦show more content†¦This did not stop Maponya from making a contribution to Soweto’s township economic development, instead he started a service rendering business, â€Å"the Dube Hygenic Dairy† which was a business whe re a fleet of boys were employed to ride bicycles and deliver milk to customers in Soweto who had no access to refrigeration or even electricity (during apartheid times) this was a great business idea that people really needed at the time. By the 1970’s Maponya’s businesses included a chain of general stores , a butcher shop, a coca-cola plant, filling stations, a restaurant and a GM and BMW car dealership. Richard Maponya’s success was increasing at a fast rate, but he also committed unethical behaviour by funding the truth just to stay on the right side of the law. He was also arrested on suspicion of funding ANC student fighters and was guilty for doing so. He escaped the sentence by claiming that he made payments under duress. Maponya used the apartheid system to his advantage, while Nelson Mandela and other freedom fighters gave everything for our freedom, he made it work for him and Soweto, he was undermining the regime by exposing the ANC. He wanted to ma ke the statement that â€Å" given a chance, a black man could become asShow MoreRelatedThe Relationship Between Entrepreneurship, Innovation and Economic Development and the Role of Creativity and Problem Solving in This Relationship2015 Words   |  9 Pagesfirst six months of 2008 established in the UK (BBC, 2010). 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