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. All these factors of change impacted on the SMME landscape in South Africa, and we aim to identify those changes and evaluate the current situation.

The informal sector comprises almost exclusively of SMMEs; those classified as survival entities have very little growth potential and are less likely to hire staff (The DTI, 2008). Policy development Government policy on South African SMME development was initially documented in the 1995 White Paper on SMME development. The Integrated

Loading..

Tags:

  Medium, Enterprise, Micro, Sector, Small, Msme, Medium and micro enterprise sector

Information

Related search queries