Mail & Guardian: There is a plan for a job in every home


Growing small and medium businesses is a vital component for a thriving economy. They create jobs, promote competition and are often catalysts for innovation.

But the ANC government, despite South Africa’s ailing economy and unemployment crises, does not have effective policy solutions to help them to survive, grow and employ more South Africans.

Recent research by the Small Business Institute revealed that South Africa’s formal small business sector is much smaller than previously thought. It found there are only about 250 000 formal small and medium enterprises, firms employing fewer than 200 people.
The survival rate of small businesses in South Africa is also among the lowest in the world. So South Africa needs a radical plan to unleash their potential.

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by Mail & Guardian –

Geordin Hill-Lewis