SMME urged to embrace technology
Monday, April 28, 2014
Makgato-Malesu
“Traditional manufacturing processes can be automated to increase output, and reduce unit costs, thereby enhancing overall productivity and ensuring your business can benefit from economies of scale,” she said.
Makgato-Malesu stated that technologies have freed small businesses from the restrictions of print adverts when it comes to reaching new and existing customers. “Internet marketing ranges from a simple informal website, to advertising on search engines, to online product scales.”
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...