“Emerging economies are characterized by an increasing market orientation and an expanding economic foundation. The success of many of these economies is such that they are rapidly becoming major...

“Emerging economies are characterized by an increasing market orientation and an expanding
economic foundation. The success of many of these economies is such that they are rapidly
becoming major economic forces in the world. Entrepreneurship plays a key role in this economic
development”, (Bruton, Ahlstom & Obloj; 2008)
In light of the above quote, discuss the role of entrepreneurship in the South African economy.