small business

The unemployment stats released by Statistic South Africa paints a grim picture. More than 2 million people have lost their jobs due to the Covid-19 pandemic. The situation faced by South Africans is made worse by the rising cost of living, increasing inflation rate and rising petrol prices.

Absa says that 90% of the jobs lost up to the beginning of the third quarter took place in Small Medium and Micro Enterprises (SMME) sector. Tsungai Masendeka has described the situation faced by SMME’s as dire.

A total of 100 000 young entrepreneurs will take their businesses to new heights with funding through the Small Business and Innovation Fund (SBIF).

Starting a business and forging a new frontier can be a lonely task and the entrepreneur needs support.


Subscribe to small business