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Entrepreneurs are crucial to SA’s economic recovery

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Source: Bizcommunity, 19 Nov 2020, photo credit: EY/g-stockstudio

According to Bonga Xulu, Johannesburg’s regional portfolio manager at TUHF, SMMEs have a crucial role to play in South Africa’s economic recovery, as the Covid-19 pandemic remains an ongoing concern.

Research by McKinsey & Company cites that SMMEs represent more than 98% of businesses in South Africa, employing between 50-60% of the country’s workforce across all sectors, and are responsible for a quarter of job growth in the private sector1.
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