SMME Opportunities Network

[SMME Opportunities Network @SMMEOppNetwork]

Happy Birthday to the late, great father of the nation, Nelson Mandela.

#Mandela100

#BeTheLegacy

#SMMEON

[SMME Opportunities Network @SMMEOppNetwork]

Entrepreneurship is also considered a key driver for job creation and economic growth, with the National Development Plan stating that 90% of jobs will be created by small and medium businesses by the year 2030.

#SMMEON

[SMME Opportunities Network @SMMEOppNetwork]

In an effort to solve some of the challenges experienced in South Africa’s townships, the government has introduced a number of interventions to support township SMMEs and entrepreneurs, and to help them flourish.

#SMMEON

[SMME Opportunities Network @SMMEOppNetwork]

World Bank Group shows that the township of Diepsloot has a R2 billion economy most of which is spent in the surrounding suburbs of Sandton and Fourways. And First National Bank estimates Soweto’s consumer spending power to be about R5 billion.

#SMMEON

[SMME Opportunities Network @SMMEOppNetwork]

According to research quoted by Premier David Makhura last year during his speech at the Small Business Development Institute dinner, only 25% of money generated in the townships was spent there.

#SMMEON

[SMME Opportunities Network @SMMEOppNetwork]

South Africa's townships have always been a hive for entrepreneurial activity, but the main challenge has been unlocking the potential in order to generate broader economic benefits

#SMMEON