Support for South African SMEs lauded
JOHANNESBURG, (CAJ News) – A GLOBAL market leader for integrated accounting, payroll, and payment systems has welcomed the call for South African government to support entrepreneurs and grow a sustainable small and medium business sector.
Sage welcomed the support as pledged by Finance Minister, Pravin Gordhan.
Anton van Heerden, Executive Vice-President and Managing Director, Sage South and Southern Africa, said, “We are always pleased to hear that South African government recognises the contribution entrepreneurs and Small & Medium Businesses make in helping address to the challenge of unemployment.”
He noted there were nearly 9 million people unemployed in South Africa, and growing the SME businesses sector the best option for creating decent work for them.
The private sector creates 70 percent of the jobs in South Africa, while government creates the rest.
South Africa’s National Development Plan relies on SME businesses to create 90 percent of the 11 million new jobs it seeks to create by 2030.
To meet this goal, South Africa needs nearly 50 000 SME businesses growing at a rate of 20 percent a year, said Van Heerden.
Sage believes that this target can be achieved if large businesses, the public sector and entrepreneurs work together.
“As Minister Gordhan noted, one important element of a jobs strategy for South Africa is providing training and education for the youth,” said van Heerden.
“From our side, we would welcome partnerships to grow awareness of risks and rewards of entrepreneurship among the youth, and to provide mentoring and training to entrepreneurs.”
– CAJ News
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