The high cost of living along with the alarming rate of unemployment has meant that many South Africans have been plunged into what some call “getting their bread” through entrepreneurship, unwillingly so, according to Momentum and Unisa’s Science of Success report. “As such, many of them are unskilled or unprepared to enter the world of self-employment. If given the opportunity, they would rather work for an employer than become an entrepreneur,” it reads.
But a lot of SMMEs lost jobs and had to shut down because of the lack of funding.” Mthanti says despite their potential impact on employment and the economy, SMMEs are not regarded as spaces for investments. “These SMMEs sit in a space where they aren’t really funded by government and also where the private sector believes its too risky to invest in them.
Gig economy unfortunately also sees poor working conditions for their workers. I blame the corporate greed NoToProp22
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