The importance of small, medium and micro-enterprises in South Africa keeps increasing against the backdrop of high unemployment levels and political flux. In South Africa alone, there are in excess of 2.5 million SMMEs contributing approximately one fifth (20%) of GDP to the country’s economy. As these figures continue to rise, public and private institutions must ensure that these business owners are provided with the requisite knowledge and experiences for effective business management, sustainability, access to markets and success. There is also a dire need for more information surrounding business development support programmes and how their performance can impact entrepreneurs enrolled in these programmes.
Specific themes, relevant to the successes and challenges of the SMME environment, emerged and guided the development of this report. The sections of this report namely Motivations for Entrepreneurship, Impact of BDS Programmes, Financing Entrepreneurship and Business Discontinuation speak directly to these and are complemented by an assessment of BDS principles, which include longitudinal SMME performance, skills development, access to markets and the increasing use of technology.
Format: PDF | Publication: March 2020 | Pages: 143
Author: Catalyst For Growth NPC