The City of Johannesburg is making a mark globally. This follows after Johannesburg has been ranked 28 out of 50 global cities, for showcasing skill development and business opportunities for women in the 2017 Dell Women Entrepreneur Cities Index (WE Cities).
This is a global, gender-specific index that was released recently. It looks at the city’s capability to attract and foster the growth of companies owned by women and also to develop the country’s economic status.
The report shows Johannesburg being successful in nurturing female entrepreneurs globally, and for nurturing high potential female entrepreneurs.
Johannesburg was the only African city to make it into the list, ahead of Seoul, Barcelona, Tokyo, and Dublin, to name a few notable locations. The top five cities for women entrepreneurs are New York City, the San Francisco Bay Area, London, Boston, and Stockholm.
Cities were ranked according to Female skill development in five categories of; capital, technology, talent, culture, and markets. The study ranks cities to showcase ‘high performing women entrepreneurs’ and it was found that South Africa’s female population is leading the political categories above others.
However, the South African city slipped slightly from its position at 23rd in the 2016 study, which Dell said is reflective of tougher market conditions.
In 2016 Johannesburg was ranked one of the 25 global cities nurturing female entrepreneurs. It was ranked number 23 in the Dell’s Women Entrepreneur Cities Index.
Women in Tech ZA reports, “Globally, women entrepreneurship rates are growing more than 10% each year. In fact, women are as likely as or more likely than men to start businesses in many markets. However, financial, cultural and political barriers can limit the success of these businesses,” said Karen Quintos, EVP and chief customer officer at Dell.
Women across the world are taking charge and partaking in fields which were traditionally occupied by men.
According to a Money Web report, the Dell study shows that businesses owned by men have a 3.5% higher chance to break the $1 million mark, but if more attention is placed on developing females towards owning their own businesses, the $1 million mark can be reached and more jobs and “economic prosperity” can be obtained.
Dell recommended that Johannesburg could also increase women’s use of technology by developing programs to decrease the high average monthly cost of internet (ranking 41st) and by creating technology training programs specifically designed for women (where it ranks 48th out of 50).
The statement further added that Johannesburg could host networking opportunities and build city-level organisations, incubator and accelerator programmes specifically for women entrepreneurs.
“This would help women maintain and build their capital base where the city ranks 39th,” the statement said.