BUSINESS PARTNERS – Small businesses urged to ‘go solar’ following the 2023 Budget Speech
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GUEST – Jeremy Lang - Chief Investment Officer at Business Partners Limited
If anything, the 2023 Budget Speech revealed it was that devising a targeted plan to solve South Africa’s ongoing energy crisis remains the government’s top priority. The immediate future will see a concerted and collective focus on bringing together the public and private sectors in a bid to fuel the clean-energy transition and end loadshedding.
For small businesses looking to ride this wave on the path to post-pandemic recovery, the key is to “go solar”. This is the opinion of Jeremy Lang, Chief Investment Officer at independent small- and medium-sized enterprise (SME) financier, Business Partners Limited. Prior to the Budget Speech, Lang aired hopes that “large-scale interventions” would be on the cards for the small business sector in the form of much-needed relief measures. In light of the almost single-minded focus on boosting embedded generation efforts through various fiscal measures and policy reforms, this year’s speech delivered little in the way of SME-specific relief. It did, however, propose several measures that speak to the urgent need for government to address the resounding impact that rolling blackouts have had on small businesses.
If anything, the 2023 Budget Speech revealed it was that devising a targeted plan to solve South Africa’s ongoing energy crisis remains the government’s top priority. The immediate future will see a concerted and collective focus on bringing together the public and private sectors in a bid to fuel the clean-energy transition and end loadshedding.
For small businesses looking to ride this wave on the path to post-pandemic recovery, the key is to “go solar”. This is the opinion of Jeremy Lang, Chief Investment Officer at independent small- and medium-sized enterprise (SME) financier, Business Partners Limited. Prior to the Budget Speech, Lang aired hopes that “large-scale interventions” would be on the cards for the small business sector in the form of much-needed relief measures. In light of the almost single-minded focus on boosting embedded generation efforts through various fiscal measures and policy reforms, this year’s speech delivered little in the way of SME-specific relief. It did, however, propose several measures that speak to the urgent need for government to address the resounding impact that rolling blackouts have had on small businesses.
