It has been a good year for small businesses, SUNDAY WORLD
It has been a good year for small businesses, SUNDAY WORLD
WHILE public and private sector entities acknowledge the role small and medium enterprises (SMEs) play in the economy, little effort is made in fostering an environment suitable for them to thrive. In many ways this year represented a decisive break from this; SME funding has increased and is scheduled to increase threefold next year, according to Absa's head of enterprise development, Sisa Ntshona. In the 2012/13 financial year, the Small Enterprise Finance Agency and the National Empowerment Fund, disbursed a joint total of R1.5billion compared to R1.3billion the previous year, effectively creating thousands of jobs.
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