Addressing the Unemployed Graduate Challenge Through Student Entrepreneurship and Innovation in South Africa's Higher Education

Abstract

This chapter addresses graduate unemployment through student entrepreneurship in the context of South African higher education. The graduate unemployment rate of South Africa is estimated at 33.5% for the youth (15-24) and 10.2% for those aged 25-34. Unemployed graduate phenomenon as depicted by the FeesMustFall campaign is exacerbated by untransformed curriculum which does not provide students with relevant skills matching the labour demands. In this regard, the chapter argues that student entrepreneurship remains one of the strategies university-based youth or students could not only a space to gain business skills and experience, but also a forum where they can put their creative ideas into income generating projects. The chapter first looks at student entrepreneurship and the challenges faced by tertiary students. Second, it explores the opportunities created through entrepreneurship, the challenges faced by student entrepreneurs, and finally, the support needed to run successful student entrepreneurship.