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For South Africa’s small and medium enterprise (SME) sector to thrive, entrepreneurs need to partner with reliable investors. Partnerships lay the foundation for innovators to enter the market and turn their businesses into a success. To support the next generation of innovators, 22 On Sloane, in partnership with Telkom, African Bank, Rand Mutual Assurance and […]
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Technology and entrepreneurship present new independent employment paradigm By Simone Cooper SMEs are Africa’s employment lifeline, providing an opportunity for the continent to positively leverage its demographic dividend for growth and sustainable prosperity. The African Development Bank reports that while 10 to 12 million youth enter Africa’s workforce each year, only three million formal jobs […]
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According to Statistics South Africa (StatsSA), small businesses have been growing steadily from generating 16% of total turnover in the formal business sector in 2013 to 22% in 2019. At the same time, the contribution of large business waned, from 75% to 68%. Says Michael Pretorius, founder and managing director of CT Floors: “This trend […]
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For South Africa’s brightest youth, deciding which university to attend or where to live after completing their studies can be challenging. In the same way, choosing whether to work for a large corporate or an SME can be a difficult decision to make. With large companies, individuals may have many opportunities for career progression – […]
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Many companies underestimate the advantages of having a strong representation of women in the workplace and, as a result, miss out on attracting and retaining some of the best talent that South Africa has to offer. Apart from having a larger talent pool from which to find quality candidates for your vacant roles, having more […]
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South Africa’s hard-pressed SMEs need help to steady themselves on a growth path in the current economic climate. The good news: Help is at hand. By Jason Mellow, Head of MiWay Business Insurance South Africans are famous for their ability to “make a plan”, overcoming obstacles by coming up with ingenious solutions that make use […]
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By Aldo Laubscher South Africa Country Manager, Visa Small and medium enterprises (SMEs) are becoming an increasingly attractive market across Sub-Saharan Africa (SSA). Globally they make up 90% of businesses and account for more than 50% of employment. In emerging economies, they account for 40% of GDP and are expected to create at least 90% […]
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By Daniel Goldberg, Co-Founder and CEO of Bridgement In his 2022 Budget Speech, Finance Minister Enoch Godongwana outlined several measures the National Treasury would undertake to support small-to-medium enterprises (SMEs) in the wake of the COVID-19 pandemic. These measures include a bounce-back scheme where small business loan guarantees of R15 billion would be facilitated through banks […]
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The Africa Women Innovation and Entrepreneurship Forum (AWIEF) and the Affirmative Finance Action for Women in Africa (AFAWA) initiative of the African Development Bank Group (AfDB) have joined forces to drive increased access to finance and markets for women-owned and women-led small and medium enterprises (WSMEs) across Southern, East and West Africa. The new AfDB […]
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Opinion-editorial by Mahmood Al-Bastaki, Chief Operating Officer of DT World, part of DP World Small and medium enterprises (SMEs) play a central role in developing economies across Africa, driving growth, creating jobs and pushing innovation. Micro, small and medium companies represent more than 90% of businesses on the continent and provide 60% of all jobs. In Rwanda, […]
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