Limited access to finance hampering SMME growth – Thabethe
The requirements of funding institutions continue to hamper the growth of small, medium-sized and microenterprises (SMMEs), Trade and Industry Deputy Minister Elizabeth Thabethe said at the close of the two-day National Small Business Summit hosted by the Department of Trade and Industry and the Mpumalanga Department of Economic Development, Environment and Tourism, in Mpumalanga, this week.
She said it was evident that there were several issues that still posed problems to the SMME sector, the most significant being a lack of coordination between the three spheres of government, the need for microfinance and the need to establish more youth-driven cooperatives.
“We have deliberated about various challenges over these past two days and will now investigate where these resolutions can be implemented to enhance our small enterprise sector,” the Deputy Minister commented.
The summit, which ended on Thursday, aimed to provide a platform for stakeholders to engage on government on its SMME programmes and to find solutions to challenges facing small enterprises in South Africa.
The second day of the summit comprised four breakaway sessions during which delegates deliberated on four themes including infrastructure development as a stimulant for economic growth; the creation of demand for small enterprise products and services; increasing the supply of financial and nonfinancial support; and the reduction of regulatory constraints.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation