THEBE MABANGA
THE process of reviving South Africa’s economy following the devastation of COVID-19 offers the country an opportunity to focus on Small Medium and Micro Enterprises as drivers of growth.
But without economic reform and a commitment by both government and the private sector, growth and job-creation driven by SMMEs will remain a pipe dream.
President Cyril Ramaphosa’s Reconstruction and Recovery Plan offers much for small business, especially if government and large private sector companies play their part, because a thriving SMME base requires large customers — government and private companies — to offer contracts and tenders and pay small businesses on time.
Since becoming a democracy, South Africa has promised much but delivered very little by way of assisting small and medium sized businesses.
It is now time to match words with policy and action.
Qualifying Small Enterprises, or those that make R5 million a year and
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