Governance and startups: moving beyond the red tape

Red Tape

For the South African government to achieve its goal of creating five million jobs over ten years, the SME sector would need to grow by a staggering 40%. Pravin Gordhan, the Minister of Finance, emphasised the importance of SMEs in achieving this goal by stating that “about 70% of private employment is in firms with fewer than 50 workers”. This supports what we have always known about the SME sector: it has a critical role in supporting economic and social development.

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