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
Prosecutors deserve better

These legal professionals, who are entrusted with upholding the rule of law, face numerous challenges that compromise their ability to effectively carry out their duties.Elsewhere in this edition, we carry a story on the lamentations of the officers of court.The prosecutors have raised a number of concerns, calling for urgent attention from all relevant stakeholders, including the President, Minister of Justice and the Attorney General. Their...

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