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SA’s Special Economic Zones (SEZs) are perfectly poised to be the catalyst for new investors, but there is work to be done to ensure that “special” lives up to its promise.
As South Africa navigates the third wave, the nation is once again beset by the economic impact of Covid-19. A sluggish economy, job losses and record high levels of unemployment have set many South Africans on the entrepreneurial path of self-employment or looking to other avenues to earn additional income, like starting their own side hustle.
Let a qualified financial adviser help you figure out whether your side hustle will put you on your journey to business success.
Failure rate of S.African SMMEs under spotlight Panelists from various public and private sector organisations, such as Aurik Enterprise Development, Tiger Brands and the Small Enterprise Finance Agency (SEFA), engaged on the topic. FILE: Picture: 123rf.com Read more small business good news on Vutivi Business News. South Africa has one of the highest failure rates for SMMEs, with five out of seven of them failing within the first year. According to the consulting firm, Cova Advisory, only six percent of S...
South Africa has one of the highest business failure rates in the world: analysts Subscribe South Africa has one of the highest failure rates for SMMEs, with five out of seven of these businesses failing within the first year, says specialist advisory service Cova Advisory. In a webinar held at the end of April, the group stressed the crucial importance of SMMEs in job creation, due to their higher capacity to absorb labour, with a lower average capital cost per job created. “SMMEs play a big role in addressing the major challenges of unemployment and inequality in our country, but we are n...