The small medium and micro enterprise sector of South ...

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.

Small, Medium and Micro Enterprises (SMMEs), also referred to as small business, play an important role in an economy. They can be key drivers of economic growth, innovation and job creation. In South Africa, government recognises the importance of this segment of business activity, so much so that

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

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