A REPORTED 9000 micro-enterprises in South Africa will be provided with free business and financial training.
Established by Mastercard Centre for Inclusive Growth in partnership with Juntos Global and Nedbank, the initiative aims to help micro-businesses develop their business model, adopt financial services, and increase overall efficiency.
The new initiative is in response to the devastating impacts of the pandemic on the informal micro-enterprise sector, with a recent study by Ipsos South Africa survey indicating that nearly two-thirds of businesses are not performing well post lockdown.
Natasha Jamal, Regional Director, the Middle East and Africa, at Mastercard Center for Inclusive Growth comments on the importance of the SME sector.
“Micro and small businesses are the backbone of our economy. When they suffer, we all suffer. At Mastercard, we understand the challenges these enterprises face and are deeply committed to not only help these entrepreneurs survive but thrive during this challenging time. Partnering
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