KAMMY REDDY | Small business progress is key to economic growth

  • 📰 SowetanLIVE
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Nigeria News News

KAMMY REDDY | Improving knowledge around sustainable financial best practices is crucial for SMEs looking to expand. Many face challenges in securing funding due to not having the necessary financial records in place

Small and medium-sized enterprises are the lifeblood of SA’s economy, making up more than 98% of businesses across the country and contributing 39% of the country’s GDP. That contribution is also set to increase in the coming years, further cementing the importance of SMEs to our economy. However, these businesses are also the most vulnerable to externally driven economic fluctuations.

In the same vein, conversations around sustainability in business, particularly when it comes to small businesses, are gaining increasing importance among multiple stakeholders. This includes investors. In fact, according to the World Economic Forum, in a recent poll, 88% of investors placed equal importance on environmental, social and governance practices in business operating models as they did on financial considerations when making investment decisions. ..

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 13. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

AVI sees headline earnings returning to pre-pandemic levelsGroup revenue will increase 4.3% despite low economic growth, high inflation, rising fuel prices and ongoing load-shedding hitting consumers and the company I am super excited right now, I can now pay my bills and take good care of my family.. Thank you for bringing happiness to my home with just R10,000 i got R100,000 in 7days James_Alderson8
Source: BDliveSA - 🏆 12. / 63 Read more »

AVI sees headline earnings returning to pre-pandemic levelsGroup revenue will increase 4.3% despite low economic growth, high inflation, rising fuel prices and ongoing load-shedding hitting consumers and the company
Source: BDliveSA - 🏆 12. / 63 Read more »

Business Maverick: Botswana President Sees Progress on Diamond Pact With De BeersBotswana and De Beers Plc are working out the “finer” details of a new diamond-sales pact and the southern African nation’s government is confident a deal will be struck, President Mokgweetsi Masisi said. With Masisi keeping a personal ‘eye’ on things. I trust he got his couches secure and his ausies securer
Source: dailymaverick - 🏆 3. / 84 Read more »