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Small, micro and medium enterprises (SMMEs) in various sectors are flourishing, thanks to the assistance they receive from the Small Enterprise Finance Agency (Sefa). ....
Failure rate of S.African SMMEs under spotlight Panelists from various public and private sector organisations, such as Aurik Enterprise Development, Tiger Brands and the Small Enterprise Finance Agency (SEFA), engaged on the topic. FILE: Picture: 123rf.com Read more small business good news on Vutivi Business News. South Africa has one of the highest failure rates for SMMEs, with five out of seven of them failing within the first year. According to the consulting firm, Cova Advisory, only six percent of SMMEs in the country said they had received government support. The firm, which offers advisory services on government programmes such as grants and tax incentives, recently held a webinar on how to grow the SMMEs. Panelists from various public and private sector organisations, such as Aurik Enterprise Development, Tiger Brands and the Small Enterprise Finance Agency (SEFA), ....