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 […]
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 […]
The Vumela Fund has announced the provision of a significant debt facility to Letsema Consulting and Advisory, positioning Letsema to take advantage of growth opportunities, furthering their significant economic and social impact in South Africa. Letsema, founded in 1996, is a 100% black-owned management consulting firm at the heart of a diversified investment group, providing […]
Sustainable practices has become an increasingly prominent theme within agriculture. Sellers of agricultural products lean heavily on the term to reach consumers. Yet, what is meant by sustainability? In this installment of Letsema Talks, we speak to Will Coetsee, the managing director of Botanica Natural Products, a private agri-business based in Alldays, Limpopo. Coetsee tells […]
Kenya is among Africa’s quickest growing economies, and an essential trade hub in East Africa and key player within the aquamarine sector. Letsema East Africa dove into the numbers. Upon assessing Kenya’s fishing and marine context, Kenya can further benefit from harnessing the full potential of this valuable aquamarine resource base. The Kenya Data Series […]
While Kenya has access to a smaller proportion of Lake Victoria’s marine resources compared to its neighbours. Yet, according to Letsema’s East Africa team, Kenya produced approximately 130,000 tons of freshwater fish, 30,000 tons less than local demand. In this context, the potential exists for Kenya to harness their marine resources through strategic planning and […]
Agriculture is a critical part of Kenya’s economy. While agricultural production has increased over time, the potential exists to truly harness Kenya’s agricultural dividend to stimulate local and regional economic growth. As illustrated below by Letsema East Africa, opportunities exist for Kenya to leverage specific cash crops, with market linkages and trade development key parts […]
Kenya is among Africa’s key economies, is one of its fastest growing and a critical economic hub in the East Africa region. Letsema East Africa took a dive into the raw numbers, revealing how important Kenya’s agricultural industry is to its future prospects and economic growth. The Kenya Data Series is where Letsema East Africa […]
