Identifying the missing middle and transforming the way SMEs grow

Identifying the missing middle and transforming the way SMEs grow

Reading Time: 3 minutes

There are overwhelming statistics that show that small businesses (also known as SMEs, SMBs or SMMEs) contribute between 51 and 57 percent to the GDP and 60 percent of employment in South Africa. (Kongolo, 2010) There’s no denying – SMEs play a crucial role in developing countries with major employment and income distribution challenges. This is particularly true in South Africa. (more…)