A recent visit to a lending conference in London reaffirmed my conviction in the resilience of South African entrepreneurs. Despite depressed macroeconomic conditions, challenges like severe load shedding, infrastructure issues and supply-chain disruptions, South African SMEs demonstrate remarkable tenacity. Their resilience not only fuels my pride but also reinforces my belief in the SME sector as an indispensable catalyst for South Africa’s growth.
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The entrepreneurial spirit in South Africa thrives on innovation, a quality that spurred the government’s recent collaboration with the private sector. President Cyril Ramaphosa’s announcement in June, involving the commitment of over a hundred CEOs from leading corporate companies, promises to fortify state-owned enterprises and address national issues like energy, corruption and logistics. The successful implementation of these initiatives should positively impact the SME sector,…