SMMEs Key to SA Growth - Sexwale

Sexwale says that finding ways of developing the SMMEs sector is an important factor in its ‘inward look’ in search of sustainable solutions for the country’s economy

Human Settlements Minister, Tokyo Sexwale, says that finding ways of developing South Africa’s small and medium-sized enterprise (SMMEs) sector is an important factor in its ‘inward look’ in search of sustainable solutions for the country’s economy.
 
Sexwale stated that South Africa’s economic growth is still mainly driven by government expenditure, as private sector investment is ailing in the wake of struggling global markets, with matters worsened by the recent downgrade of the country’s credit rating.
 
He noted that the National Development Plan stated that most of the additional 11 million jobs it aimed to create by 2030, will be in the domestic-orientated activities and services sector, with about 90 percent of jobs to be created in small and expanding firms.

To read the article titled, “Sexwale says SMEs key to SA growth,” click here.

Source: 
Engineering News

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