BizNews BizNews Radio

'The SMME sector in South Africa is resilient but more support is needed from banks and government' - John Dludlu

Loading player...
Over half a million new businesses were registered in 2020, an increase of more than 30% from the previous year, according to Companies and Intellectual Property Commission (CIPC) reports. This seems counterintuitive given the economic destruction that has been caused as a result of the Covid-19 pandemic. John Dludlu, chief executive officer of the Small Business Institute talks about the hardships and pain experienced by many in the Small, Medium and Micro Enterprises (SMME) sectors in South Africa following the data released by the CIPC. Dludlu explains that many of these businesses are being opened due to pure desperation as many look to regain their livelihoods. Dludlu unpacks the tough operating environment experienced by SMMEs over the past twelve to eighteen months, with availability of funding and lack of government support a headwind for the sector. Learn more about your ad choices. Visit megaphone.fm/adchoices
11 Aug 2021 10AM English South Africa Investing · Business News

Other recent episodes

Magnus Heystek: Why SA’s middle class is quietly being crushed

South Africans are being told everything is fine. Magnus Heystek says it’s a dangerous illusion. In a wide-ranging conversation with Alec Hogg, the veteran investment strategist warns that falling GDP per capita, rising taxes, weak property returns and flawed retirement structures are steadily hollowing out the middle class. From Regulation…
9 Jan 6AM 41 min

South Africa’s business titans are gone – and David Shapiro explains why

From Brian Joffe to Raymond Ackerman, South Africa once produced business giants who shaped the economy. David Shapiro argues they have been replaced by spreadsheet managers, over-regulation and compliance paralysis, and explains what that loss means for growth, risk-taking and the country’s future.
8 Jan 6AM 54 min
All episodes