SBI considers GNU’s impact on SMME development
In commemoration of the second anniversary of the Government of National Unity (GNU) – formed in June 2024 – the Small Business Institute (SBI) has commissioned a think-piece from Septi Bukula, an expert on matters affecting small, medium-sized and microenterprises (SMMEs) in South Africa and the rest of Africa.
The SBI notes that Bukula has worked extensively in the SMME ecosystem advising governments and international agencies.
“We asked Mr Bukula to assess the work, interventions and support measures undertaken by the GNU to create an environment where SMMEs can start, run and grow. We are pleased to table the outcome of this exercise,” the SBI says in a media release.
The overall conclusion is that “the GNU has passed its first test: stabilisation. The second test – delivery – remains unresolved. Whether the GNU can convert policy intent into lived economic improvement for South Africa's SMMEs is the defining question of its remaining mandate.”
“This is part of our ongoing advocacy work towards an environment that enables the prosperity of small businesses in South Africa and the achievement of the aspiration enshrined in the National Development Plan.
“Our hope is that this contributes to evidence-based debate on what more is needed to unleash the full potential of SMMEs. We hope the discourse extends beyond the State actors and includes other role players such as the private sector, development finance institutions and commercial banks,” says SBI CEO John Dludlu.
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