Entrepreneurship policy on the cards

A National Entrepreneurship Policy (NEP) is being formulated to replace the Small, Medium and Micro Size Entreprises (SMME) Policy of 1998.

The NEP is designed to provide a comprehensive framework for entrepreneurship and SMME development in the country.

According to a statement released by the Ministry of Trade and Industry, the policy needed to be reviewed to instill entrepreneurship development.

Editor's Comment
Micro-procurement maze demands urgent reform

Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...

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