SMMEs should be supported using coordinated and targeted programmatic strategies in order to harness their full potential. Support strategies can be crafted based on key SMME categories that vary based on SMME tenure, growth phase and size. Four key categories for consideration include: Experienced professionals and SMMEs: These are entrepreneurs and SMMEs that have been […]
Remaining personal, responsive, and connected in a digital world Global automotive industry challenges necessitate the revision of business strategies for both Original Equipment Manufacturers (OEMs) and retailers. As technology transforms consumer buying behaviour, OEMs and retailers need to achieve digital transformation in sales, to ensure they remain competitive and connected to their customers. For the […]
Small, Medium and Micro Enterprises (SMMEs) are an important vehicle to drive economic growth, job creation, and social development. Yet, SMME development in South Africa faces several hurdles as they seek to grow, with one potential avenue being a support ecosystem underpinned by large businesses. In this installment of Letsema Talks, Shenelle Nair, Engagement Manager […]
Author: Strategy & Enablement Practice Small, Medium and Micro Enterprises (SMMEs) have the strengths to drive economic growth in South Africa, particularly in areas of high unemployment if these are leveraged and weaknesses addressed through comprehensive multi-dimensional support programmes. Corporates and South Africa at large have a vested interest in growing and developing SMMEs as this […]
Developing Small, Medium and Micro Enterprises (SMMEs) as suppliers to larger businesses can be a catalyst for positive economic and social change. A four-pillar support approach is one way of creating sustainable long-term enterprises. A thought-out entrepreneur selection and screening process is a pre-requisite to ensuring a successful outcome of the four-pillar approach. This is […]
What you are hearing is a claxon: loud, unmistakable, and sounding a shrill warning to all in our country, from the SME sector to the public at large: South Africa is in real trouble. Petty parlour games and posturing must be suspended. We need a collective response to the existential threat posed by low growth, […]
Small, Medium and Micro Enterprises (SMMEs) are widely recognised as the driving force of the South African economy. The National Development Plan (NDP) has stipulated actions to stimulate the growth and sustainability of the SMME market, envisaging that SMMEs will create 90% of new employment opportunities and contribute between 60-80% to national Gross Domestic Product […]
In the next installment of Letsema Talks, Tafadzwa Mudyiwa, Associate Partner at Letsema, talks about the different relief options available to SMEs within the public and private spheres, and how they can make themselves as resilient as possible in this time of economic crisis. Letsema Talks · Letsema Talks: SME relief strategies in a time […]
Discourse around the Fourth Industrial Revolution (4IR) is emerging in South Africa, and everyone seems to want a piece of the pie. Nationally, there is the 4IRSA Partnership, established by President Cyril Ramaphosa’s government, which seeks to stimulate and facilitate the national dialogue around 4IR. It also aims to complement other national activities in this […]
To say South Africa is in the middle of difficult economic times is stating the obvious. President Cyril Ramaphosa described youth unemployment as a national crisis, which is sitting at 55.2%. State Capture – Eskom the starkest example – and the private sector’s own regulatory ills are real. However, to further bemoan the regulatory environment, […]
