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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
Child protection needs more than prevailing laws

The rise in defilement and missing persons cases, particularly over the recent festive period, points not merely to a failure of policing, but to a profound and widespread societal crisis. Whilst the Police chief’s plea is rightly directed at parents, the root of this emergency runs deeper, demanding a collective response from every corner of our community. Marathe’s observations paint a picture of neglect with children left alone for...

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