Abstract
A study was conducted in Cape Town to determine whether family income has impact on university students’ entrepreneurial self-efficacy. It is argued that self-efficacy is an engine to promote entrepreneurship, which has the possibility of providing a source of income in the families. The motive to conduct the current study is to further the debate about entrepreneurship in South Africa, and the way it can come forward. A hypothetical-deductive approach was adopted. Survey correlational was adopted as the study design, while SPSS was used to capture and analyze the data. Data was collected on 274 entrepreneurship students, using an adapted questionnaire. Cronbach’s Alpha was used to measure the reliability of the instrument. Findings reveal that there is a positive correlation between independent variable of income and dependent variable of self-efficacy. The implications of the results to policy makers have been outlined along with suggestions for future researches in order to refine our present positions and understanding of this relationship.