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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
Consult, get buy-ins first for 6 to 6 policy, Hon Minister

While the minister is of the view that the proposal would have significant positive economic impact, the entertainment industry players believe otherwise. The issue has over the weeks become a hot potato. But what is of essence right now is that the country needs liberal ideas to move in the right direction While opening up the economy may sound quite interesting to the ear, rolling out extended trading hours through pilot programmes without...

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