SMMEs struggle to stay afloat in 2023
Tuesday, December 19, 2023 | 520 Views |
SMMEs business PIC: MORERI SEJAKGOMO
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.
Whilst the project received mixed reactions from members of the public, the project is indeed a welcome development, which needs to be implemented as soon as possible. Many shared their opinion, with those against the project decrying that if implemented, it will kill the already struggling public transport industry.Many countries around the world have state-run public transport, and those who have travelled to such countries will give testimony...