Through this strategy instrument, Government intends to foster youth economic participation by deliberately enhancing youth entrepreneurship, accelerating the growth of youth-owned and managed enterprises capable of contributing to the GDP growth rate.
The Annual Review of Small Businesses and Co-operatives in South Africa aims to contribute towards the promotion and development of small, medium and micro enterprises (SMMEs) as well as co-operatives.
How has the Covid-19 pandemic and related lockdown measures affected the most vulnerable players in the South African economy and what assistance will they need to recover? A large proportion of the South African workforce makes a living in the approximately three million micro and informal businesses.
The South African Cabinet’s approach to localised industrialisation is intended to rebuild the economy, create jobs, and transform the ownership patterns to a more inclusive environment for the operation of Small, Medium and Micro Enterprises.