With so many challenges stacked up against them, a significant percentage of SMMEs fail in the first five years. Tsebo Cleaning and Hygiene Solutions CEO Monwabisi Kalawe explains how Tsebo is using its skills and experience to develop and grow its small businesses partners.
South Africa’s National Development Plan of 2014 highlighted the importance of small, medium and macro enterprises (SMMEs) in job creation and competitiveness, with the goal that by 2030, 90% of new jobs would be created by SMMEs.
But the past few years have kicked up a number of challenges for small businesses, the Covid-19 pandemic and loadshedding among them. Add this to a standard list of issues faced by new businesses, such as lack of start-up capital, cash flow and late payments, and it’s unsurprising that the University of the Western Cape claims that 70% to 80% of SMMEs in South Africa fail in the first five years.
If small businesses are to be significant job creators in our near future, they’re going to need a helping hand. For the Tsebo Solutions Group the answer lies in corporate South Africa partnering with SMMEs to grow and transform the national economy for the benefit of all.
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