South Africa’s Business Sectors and Crucial Resources for Entrepreneurial Activities

Folashade Akinyemi; Temitope Jiboye

doi:doi:10.11648/j.jhrm.20261401.19

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South Africa’s Business Sectors and Crucial Resources for Entrepreneurial Activities

Folashade Akinyemi^*

, Temitope Jiboye

Published in Journal of Human Resource Management (Volume 14, Issue 1)

Received: 3 January 2026 Accepted: 26 January 2026 Published: 20 February 2026

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Abstract

Numerous resources are needed for effective startups and growth of entrepreneurial activities, and finance has often been flagged as one of the most crucial, but the query here is whether this popular assertion is equally true in all business sectors. Thus, this paper examines some identified resources that foster entrepreneurial business activities across all South Africa’s nominated business sectors. Furthermore, it recognized the most essential resource in all the nominated sectors of the country’s economy. The authors anticipated that when some resource factors are examined across a country’s business sectors, the resources that boost entrepreneurial activities would be dissimilar and industry specific. Stratified random sampling method was adopted to guarantee satisfactory representation in each sector and 550 semi-structured questionnaires were dispensed in South Africa’s most popular economic hub and metropolitan city, Johannesburg. The data obtained were analyzed using Inferential and descriptive Statistics. The descriptive statistics displayed the featured occurrences of resources that enhanced entrepreneurial business activities in all the nominated sectors while Principal Component Analysis (PCA) was instrumental in pinpointing each sector’s the most essential resource factor. The research outcomes suggest that variations exist between respondents’ frequencies of resources adopted and the most vital across the selected business sectors. Surprisingly, availability of raw materials was the most vital and finance did not feature as the most vital resource factor in all South Africa’s selected business sectors. The authors anticipate more interesting outcomes if examined among selected businesses in each sector or entrepreneurship phase and therefore propose several extensions of this study.

Published in	Journal of Human Resource Management (Volume 14, Issue 1)
DOI	10.11648/j.jhrm.20261401.19
Page(s)	82-97
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2026. Published by Science Publishing Group

Keywords

Entrepreneurial Activities, Resources, Business Sectors, South Africa

References

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Akinyemi, F., Jiboye, T. (2026). South Africa’s Business Sectors and Crucial Resources for Entrepreneurial Activities. Journal of Human Resource Management, 14(1), 82-97. https://doi.org/10.11648/j.jhrm.20261401.19

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Akinyemi, F.; Jiboye, T. South Africa’s Business Sectors and Crucial Resources for Entrepreneurial Activities. J. Hum. Resour. Manag. 2026, 14(1), 82-97. doi: 10.11648/j.jhrm.20261401.19

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Akinyemi F, Jiboye T. South Africa’s Business Sectors and Crucial Resources for Entrepreneurial Activities. J Hum Resour Manag. 2026;14(1):82-97. doi: 10.11648/j.jhrm.20261401.19

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@article{10.11648/j.jhrm.20261401.19,
  author = {Folashade Akinyemi and Temitope Jiboye},
  title = {South Africa’s Business Sectors and Crucial Resources for Entrepreneurial Activities},
  journal = {Journal of Human Resource Management},
  volume = {14},
  number = {1},
  pages = {82-97},
  doi = {10.11648/j.jhrm.20261401.19},
  url = {https://doi.org/10.11648/j.jhrm.20261401.19},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jhrm.20261401.19},
  abstract = {Numerous resources are needed for effective startups and growth of entrepreneurial activities, and finance has often been flagged as one of the most crucial, but the query here is whether this popular assertion is equally true in all business sectors. Thus, this paper examines some identified resources that foster entrepreneurial business activities across all South Africa’s nominated business sectors. Furthermore, it recognized the most essential resource in all the nominated sectors of the country’s economy. The authors anticipated that when some resource factors are examined across a country’s business sectors, the resources that boost entrepreneurial activities would be dissimilar and industry specific. Stratified random sampling method was adopted to guarantee satisfactory representation in each sector and 550 semi-structured questionnaires were dispensed in South Africa’s most popular economic hub and metropolitan city, Johannesburg. The data obtained were analyzed using Inferential and descriptive Statistics. The descriptive statistics displayed the featured occurrences of resources that enhanced entrepreneurial business activities in all the nominated sectors while Principal Component Analysis (PCA) was instrumental in pinpointing each sector’s the most essential resource factor. The research outcomes suggest that variations exist between respondents’ frequencies of resources adopted and the most vital across the selected business sectors. Surprisingly, availability of raw materials was the most vital and finance did not feature as the most vital resource factor in all South Africa’s selected business sectors. The authors anticipate more interesting outcomes if examined among selected businesses in each sector or entrepreneurship phase and therefore propose several extensions of this study.},
 year = {2026}
}

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TY  - JOUR
T1  - South Africa’s Business Sectors and Crucial Resources for Entrepreneurial Activities
AU  - Folashade Akinyemi
AU  - Temitope Jiboye
Y1  - 2026/02/20
PY  - 2026
N1  - https://doi.org/10.11648/j.jhrm.20261401.19
DO  - 10.11648/j.jhrm.20261401.19
T2  - Journal of Human Resource Management
JF  - Journal of Human Resource Management
JO  - Journal of Human Resource Management
SP  - 82
EP  - 97
PB  - Science Publishing Group
SN  - 2331-0715
UR  - https://doi.org/10.11648/j.jhrm.20261401.19
AB  - Numerous resources are needed for effective startups and growth of entrepreneurial activities, and finance has often been flagged as one of the most crucial, but the query here is whether this popular assertion is equally true in all business sectors. Thus, this paper examines some identified resources that foster entrepreneurial business activities across all South Africa’s nominated business sectors. Furthermore, it recognized the most essential resource in all the nominated sectors of the country’s economy. The authors anticipated that when some resource factors are examined across a country’s business sectors, the resources that boost entrepreneurial activities would be dissimilar and industry specific. Stratified random sampling method was adopted to guarantee satisfactory representation in each sector and 550 semi-structured questionnaires were dispensed in South Africa’s most popular economic hub and metropolitan city, Johannesburg. The data obtained were analyzed using Inferential and descriptive Statistics. The descriptive statistics displayed the featured occurrences of resources that enhanced entrepreneurial business activities in all the nominated sectors while Principal Component Analysis (PCA) was instrumental in pinpointing each sector’s the most essential resource factor. The research outcomes suggest that variations exist between respondents’ frequencies of resources adopted and the most vital across the selected business sectors. Surprisingly, availability of raw materials was the most vital and finance did not feature as the most vital resource factor in all South Africa’s selected business sectors. The authors anticipate more interesting outcomes if examined among selected businesses in each sector or entrepreneurship phase and therefore propose several extensions of this study.
VL  - 14
IS  - 1
ER  -

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Folashade Akinyemi

Institute for Entrepreneurship and Development Studies, Obafemi Awolowo University, Ile-Ife, Nigeria

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http://orcid.org/0000-0001-8058-9481
Temitope Jiboye

Institute for Entrepreneurship and Development Studies, Obafemi Awolowo University, Ile-Ife, Nigeria

http://orcid.org/0000-0002-9305-6737

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Akinyemi, F., Jiboye, T. (2026). South Africa’s Business Sectors and Crucial Resources for Entrepreneurial Activities. Journal of Human Resource Management, 14(1), 82-97. https://doi.org/10.11648/j.jhrm.20261401.19

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Akinyemi, F.; Jiboye, T. South Africa’s Business Sectors and Crucial Resources for Entrepreneurial Activities. J. Hum. Resour. Manag. 2026, 14(1), 82-97. doi: 10.11648/j.jhrm.20261401.19

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Akinyemi F, Jiboye T. South Africa’s Business Sectors and Crucial Resources for Entrepreneurial Activities. J Hum Resour Manag. 2026;14(1):82-97. doi: 10.11648/j.jhrm.20261401.19

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@article{10.11648/j.jhrm.20261401.19,
  author = {Folashade Akinyemi and Temitope Jiboye},
  title = {South Africa’s Business Sectors and Crucial Resources for Entrepreneurial Activities},
  journal = {Journal of Human Resource Management},
  volume = {14},
  number = {1},
  pages = {82-97},
  doi = {10.11648/j.jhrm.20261401.19},
  url = {https://doi.org/10.11648/j.jhrm.20261401.19},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jhrm.20261401.19},
  abstract = {Numerous resources are needed for effective startups and growth of entrepreneurial activities, and finance has often been flagged as one of the most crucial, but the query here is whether this popular assertion is equally true in all business sectors. Thus, this paper examines some identified resources that foster entrepreneurial business activities across all South Africa’s nominated business sectors. Furthermore, it recognized the most essential resource in all the nominated sectors of the country’s economy. The authors anticipated that when some resource factors are examined across a country’s business sectors, the resources that boost entrepreneurial activities would be dissimilar and industry specific. Stratified random sampling method was adopted to guarantee satisfactory representation in each sector and 550 semi-structured questionnaires were dispensed in South Africa’s most popular economic hub and metropolitan city, Johannesburg. The data obtained were analyzed using Inferential and descriptive Statistics. The descriptive statistics displayed the featured occurrences of resources that enhanced entrepreneurial business activities in all the nominated sectors while Principal Component Analysis (PCA) was instrumental in pinpointing each sector’s the most essential resource factor. The research outcomes suggest that variations exist between respondents’ frequencies of resources adopted and the most vital across the selected business sectors. Surprisingly, availability of raw materials was the most vital and finance did not feature as the most vital resource factor in all South Africa’s selected business sectors. The authors anticipate more interesting outcomes if examined among selected businesses in each sector or entrepreneurship phase and therefore propose several extensions of this study.},
 year = {2026}
}

Copy | Download

TY  - JOUR
T1  - South Africa’s Business Sectors and Crucial Resources for Entrepreneurial Activities
AU  - Folashade Akinyemi
AU  - Temitope Jiboye
Y1  - 2026/02/20
PY  - 2026
N1  - https://doi.org/10.11648/j.jhrm.20261401.19
DO  - 10.11648/j.jhrm.20261401.19
T2  - Journal of Human Resource Management
JF  - Journal of Human Resource Management
JO  - Journal of Human Resource Management
SP  - 82
EP  - 97
PB  - Science Publishing Group
SN  - 2331-0715
UR  - https://doi.org/10.11648/j.jhrm.20261401.19
AB  - Numerous resources are needed for effective startups and growth of entrepreneurial activities, and finance has often been flagged as one of the most crucial, but the query here is whether this popular assertion is equally true in all business sectors. Thus, this paper examines some identified resources that foster entrepreneurial business activities across all South Africa’s nominated business sectors. Furthermore, it recognized the most essential resource in all the nominated sectors of the country’s economy. The authors anticipated that when some resource factors are examined across a country’s business sectors, the resources that boost entrepreneurial activities would be dissimilar and industry specific. Stratified random sampling method was adopted to guarantee satisfactory representation in each sector and 550 semi-structured questionnaires were dispensed in South Africa’s most popular economic hub and metropolitan city, Johannesburg. The data obtained were analyzed using Inferential and descriptive Statistics. The descriptive statistics displayed the featured occurrences of resources that enhanced entrepreneurial business activities in all the nominated sectors while Principal Component Analysis (PCA) was instrumental in pinpointing each sector’s the most essential resource factor. The research outcomes suggest that variations exist between respondents’ frequencies of resources adopted and the most vital across the selected business sectors. Surprisingly, availability of raw materials was the most vital and finance did not feature as the most vital resource factor in all South Africa’s selected business sectors. The authors anticipate more interesting outcomes if examined among selected businesses in each sector or entrepreneurship phase and therefore propose several extensions of this study.
VL  - 14
IS  - 1
ER  -

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