Business Partners’ latest SME Confidence Index shows that small businesses are quite optimistic about their growth prospects in 2024. However, concerns linger about the regulatory reform needed to support that growth.
The Makers Landing Kitchen Incubator programme at the iconic shopping and tourist destination offers entrepreneurs the necessary development training, mentorship, access to market and finance opportunities to help their small businesses grow.
'It can be a harsh industry, so you need to be on top of your game,' says Property Point founder Shawn Theunissen, commenting on the retention of black- and women-owned small businesses in the sector.
Matt Putman of iKhokha says the payment platform is providing options to convert hesitant small businesses to new innovative payment solutions. He hopes to see penetration into the informal market in the next year or two.
Former business teacher Luvuyo Rani founded Silulo Ulutho Technologies in 2004, today his non-profit arm, the Silulo Foundation, has partnered with the Western Cape government to pilot the SMME Booster Fund aimed at equipping township businesses with the skills they need to thrive.
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