Small business development minister Khumbudzo Ntshavheni believes there is hope for small business in SA. This despite many filing for liquidation during the Covid-19 pandemic.
“Our view is that no matter how much money we pump in supporting small businesses if that is not matched in creating a market where those products and services are sold, we would not have done anything,” Ntshavheni says. “We cannot claim that there are no countries doing far better than we are and are primed for investment,” he said. This is despite Ramaphosa having repeatedly said since his inauguration in 2019 that “in Africa lie the solutions to Africa’s problems”.
“More financial support is needed in the form of both grant and revolving credit finance as SMMEs [small, micro and medium enterprises] struggle with significant cash flow challenges. Another issue is bottlenecks in access to new markets, this is also a major barrier,” Chieta CEO Yershan Pillay says.
Where has she been? Looking at the many that closed down permanently, I don't share her optimism...
Useless Rubbish
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I'm sure they're hoping this minister gets fired as a first step....
What a nonsense