NEVA MAKGETLA: The small business deficit

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

South Africa News News

SA’s huge jobs shortfall reflects the dearth of small business, and any effort to grow this sector won’t work until the electricity crisis is solved

At 40%, the share of SA adults in income-generating employment is among the lowest in the world. The international norm is about 60%. SA’s huge jobs shortfall largely reflects the dearth of small business people. Of all employed people, in SA just 6% are business owners. In other upper-middle-income countries the figure is 20%.

This malaise has obvious roots. Apartheid policies shut down black-owned businesses through expropriation plus discriminatory licencing, education and financing. Yet the transition to democracy didn’t spark a qualitative shift up to international norms. The reasons lie in the structure of the economy as well as the lack of resources for emerging entrepreneurs. That said, any effort to grow small business is pie in the sky until the electricity crisis is solved...

 

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:

 /  🏆 12. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

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

How to run a small business in the dark during load shedding | The CitizenLoadshedding is not just an irritation. It can very easily leave your business with a drastic drop in monthly income, foot traffic and overall performance.
Source: TheCitizen_News - 🏆 6. / 75 Read more »

10 tips to help your small business survive rising electricity costs | The CitizenThe only solution in the short term is for businesses to use electricity more efficiently, use less and treat it like the scarce resource it has become. Here are the 10 tips to help your small business survive rising electricity costs 👇 You cannot use it more efficiently if there aren't any.... If you have fridges and cold rooms that need constant cooling you are screwed....
Source: TheCitizen_News - 🏆 6. / 75 Read more »

Capital gains tax relief when selling a small businessThe exclusion is R1.8m over a lifetime, and the market value of the total business must be less than R10m. Moneyweb tax Sars
Source: Moneyweb - 🏆 5. / 77 Read more »

Banking apps to turn your smartphone into POS for your small business | The CitizenUsing a smartphone to make and accept payments is not a new concept in South Africa. An app from Nedbank – known as Pocket POS – has been around since 2020, and Absa’s Mobile Pay was introduced early last year.📲
Source: TheCitizen_News - 🏆 6. / 75 Read more »