ETP3701 Assignment 4 2025 – Due 22 May 2025

ETP3701 ASSIGNMENT 4 2025

Source: Uphill road from small to commercial farming (farmersweekly.co.za)

Using the case study above and textbook, write an essay discussing the following
questions:
1.1 Relating to Sibanyoni’s story, discuss 12 characteristics and success factors
of entrepreneurs. Also indicate how each of these characteristics applies to you
and how will they help you to become a successful entrepreneur
1.2 Discuss the 8 managerial success factors and skills that Sibanyoni needs to
manage his business successfully.
1.3 Discuss 4 challenges facing most entrepreneurs in South Africa and give
examples from the story

ANSWER

Introduction
Entrepreneurship is a powerful force for economic development, job creation, and
innovation, especially in emerging economies like South Africa. Entrepreneurs like
Petros Sibanyoni represent the determination and resilience needed to turn dreams into
sustainable businesses despite numerous systemic and financial challenges. This
essay explores the entrepreneurial characteristics that drive success, the key
managerial skills required to run a business effectively, and the major challenges facing
entrepreneurs in South Africa. The insights from Sibanyoni’s experience and relating