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| SA loses R1bn in agricultural exports due to strike | | According to the Agriculture Minister Tina Joemat-Pettersson more than a billion rands have already been lost as a result of fruit and other produce being held up. She told a press conference in Parliament on Monday that losses are already being felt in markets and jobs.
| | read more | | | | 'More than 75% of private firms not BEE compliant' | | "More than 75% of companies in the private sector are not BEE compliant," Minister of Trade and Industry Rob Davies said during a press briefing on the sidelines of the orientation session of the BBBEE Advisory Council in Pretoria. | | read more | | | | Are SMMEs Getting Adequate Support? | | 80 percent of SMMEs surveyed answered no to this question. Nicholas Biekpe, the president of Africa Growth Institute said... | | read more | | |
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Are SMMEs Getting Adequate Support?
80 percent of SMMEs surveyed answered no to this question. Nicholas Biekpe, the president of Africa Growth Institute said that these SMMEs felt that banks and the government were not doing enough to support them. He also added that they have cited key factors affecting them to be employee costs, high operating costs, high taxes and lack of access to finance. The survey was released by Africagrowth and based on responses drawn from 133 SMMEs out of 1432.( which is 9.29 percent of the SMMEs) They were surveyed as part of a study sponsored by the Industrial Development Corporation in conjunction with WK Kellogg Foundation during the second quarter.
It reveals that confidence in the industrial sector fell to 31.33 percent in the second quarter from 36.87 percent in the first quarter; the services sub-sector dropped to 41.69 percent from 42.92 percent.
An average of all the indices shows a decrease of 0.79 percentage points to 40.23 percent.
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