SMMEs struggle to stay afloat in 2023

SMMEs business PIC: MORERI SEJAKGOMO
SMMEs business PIC: MORERI SEJAKGOMO

Inflationary pressures, low market disposable income and lack of access to finance have been a perennial stranglehold on the growth and survival of Small, Medium and Micro Enterprises (SMMEs), in 2023, according to a new report.

Despite government’s efforts through policy interventions and ramped up funding opportunities, SMMEs growth and survival rates have been plummeting with many of them protracted to playing only in the informal sector.

An evaluation of SMMEs performance for this year revealed that many enterprises are having a difficult time leaping from the informal to formal sector.

Editor's Comment
CoA brings sanity to DIS/DCEC long-standing feud

This decision follows the raiding of the office of the former Director General of the DCEC, Tymon Katlholo early 2022 and his staff officer by the DIS operatives who reportedly took files that they had targeted.After all back and forth arguments, the CoA has set the record straight giving an invaluable lesson to the DIS that it was no super security organ and it does not have any powers to cogently supervise other security organs including the...

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