Broadcast date: 21 September 2021
12h00 GMT | 14h00 SAST | 16h00 UAE
Fact: SMME contribution to the economy has barely changed between 2015 and 2019.
In 2015, SMMEs accounted for 37% of turnover in all industries. In 2019, this figure had risen to 39%, not nearly the rate of growth envisaged in the National Development Plan 2030.
This slow growth in this vital sector of our economy has been further impacted by the onset of the COVID-19 pandemic.
There can be no denying that if SMMEs grow and sustain themselves they have massive potential to contribute positively to economic growth and reduce the triple crisis of unemployment, poverty and inequality.
Private sector support programmes are usually executed in the form of Enterprise and Supplier Development (ESD) and local procurement practices, which is usually considered a compliance cost for large corporates. Non-financial support, in the form of technical, business acumen, marketing, governance, legal, human resources and other forms are usually once-off fragmented initiatives that aim at singularly developing SMMEs; this diminishes the developmental curve and limits potential for growth.
One solution, being proposed by Exxaro and its partners is to shift the thinking around by moving from isolated individualised support programmes to collaborative long-term, network-based, coordinated SMME centric ecosystems. How can this be achieved?
Join Exxaro and Mining Review Africa as we unpack this important topic including:
- The role of SMMEs in helping to turnaround South Africa’s ailing economy
- Promoting and encouraging collaborative partnerships to develop the SMME sector
- Measures to help SMMEs recover from the COVID-19 pandemic
- Making SMMEs part of the mining value supply chain
Laura Cornish, Editor-in-Chief, Mining Review Africa
- Lusapho Njenge, Exxaro – Manager: Enterprise and Supplier Development
- Professor Kerrin Myres, Associate Professor at the Gordon Institute of Business Science (GIBS)
- Emmanuelle Siebane, Purple Crown Enterprises (Pty) Ltd
- Sandile Khumalo, Exxaro – Supply Chain Sustainability Manager