Transcription of THE SMALL, MEDIUM AND MICRO ENTERPRISE SECTOR …
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THE SMALL, MEDIUM AND MICRO ENTERPRISE SECTOR …
THE small , MEDIUM AND MICRO ENTERPRISE SECTOR OF SOUTH AFRICA Research Note 2016 | No 1 Commissioned by The small ENTERPRISE Development Agency January 2016 BER Research Note 2016 | No 1 Please refer to the glossary on the BER s website for explanations of technical terms. Executive summary This report presents a broad statistical overview of the small , MEDIUM and MICRO Enterprises (SMMEs) of South Africa. The Department of Trade and Industry (DTI) published a comprehensive report on the SMME SECTOR of South Africa in 2008. Since then, the domestic, as well as global economy, changed significantly. The global financial crisis followed in 2008 and 2009, pulling the South African economy into recession. Domestic economic policies changed, interest rates were reduced significantly, a new political administration came to power and much more.
4 BER Research Note 2016 | No 1 Introduction In 2008, the DTI published a comprehensive report on the Small, Medium and Micro Enterprises (SMME) sector of South Africa (The DTI, 2008).
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