Support welcomed for SA SMMEs

Anton van Heerden, Executive Vice-President and Managing Director, Sage South and Southern Africa.

Anton van Heerden, Executive Vice-President and Managing Director, Sage
South and Southern Africa.

By TINTSWALO BALOYI
JOHANNESBURG, (CAJ News) – AN international technology firm has welcomed the support Finance Minister, Pravin Gordhan’s 2016 Budget Speech, which pledged government’s support to small, medium and micro enterprises.

Sage said the South African government was aware that the sector was the key to unlocking job creation and economic growth over the next decade and a half.

The National Development Plan envisions 90 percent of new employment by 2030 will be generated by SMMEs.

“Yet SMMEs often seem to be forgotten by policymakers as they try to juggle the demands of stakeholders such as big business and labour,” said Anton van Heerden, Executive Vice-President and Managing Director, Sage South and Southern Africa.

“In that context, it was refreshing to hear Finance Minister Gordhan use the 2016 Budget Speech to mention some small business-friendly steps the government plans to take in the next year or so.”

He said Gordhan’s promise to ease regulatory burdens for businesses was encouraging.

“Though he didn’t give much detail about what this will entail, we welcome any moves to make it easier to do business.”

Gordhan’s red tape ultimately benefitted big businesses who had the resources to manage complex compliance requirements.

The expert said less administrative overheads would help smaller businesses focus on growing.

“We look forward to seeing more specifics here – we believe that there is scope to make labour relations, registering a company, and dealing with the South African Revenue Service much easier for SMMEs,” said Heerden.

Heerden said government had earmarked R475 million for the Department of Small Business to help small and medium businesses.

“Again, this is a positive development, but we’d love to see more detail about how the Department will be spending this money,” said Heerden.

He noted amid the big businesses downsizing, small businesses led the country’s fight against poverty, inequality and unemployment.

“We hope that government is truly committed to removing the barriers to SMME success. The promises Minister Gordhan made in his speech are a step in the right direction.”

CAJ News

Short URL: http://cajnewsafrica.com/?p=11666

Posted by on Feb 25 2016. Filed under Africa & World, Featured, Finance, National, News, Regional. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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