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SMMEs support 33% of jobs, study says

Grassroots support: Formal and informal sector SMMEs are the bedrock of both jobs and the broader economy PIC: PHATSIMO KAPENG
Grassroots support: Formal and informal sector SMMEs are the bedrock of both jobs and the broader economy PIC: PHATSIMO KAPENG

The country’s Small, Medium, and Micro Enterprises (SMME) contribute 14% to the Gross Domestic Product (GDP) and are responsible for about 33% of the country’s employment, a new study by the Local Enterprise Authority (LEA) indicates.

The informal sector contributes about six percent to the economy, while the formal contributes eight percent, the study done in collaboration with the Botswana Institute Development Policy Analysis (BIDPA) says.

The research, unveiled by the two organisations this week, also indicates that informal SMMEs are mostly owned by females, who tend to be less educated and relatively youthful.

Editor's Comment
‘Fake’ drugs: A matter of life, truth and accountability

When claims of such gravity are made, especially by a sitting Assistant Minister they cannot be brushed aside, delayed, or treated as routine political noise. Even the Ombudsman has confirmed receipt of a report from a political party and a review of these complaints is now underway. That is a necessary first step. But it is only the beginning. The seriousness of the allegations demands urgency, transparency and clarity. The public is entitled to...

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