OPINION | Supporting small businesses needed to fast-track economic recovery

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Ishmael Razack selling his wares in the CBD of Pietermaritzburg.
Ishmael Razack selling his wares in the CBD of Pietermaritzburg.
Fin24/File

SA must accept that applying the same methods over and over again while expecting better, different outcomes, should no longer be tolerated if the country is to recover for the benefit of all, say Solly Moeng and Bennie van Rooy. 

As the saying goes, when you support a small business, you are not helping a corporate executive team buy a second or third vacation home. You are helping a child get dance lessons, another a team jersey, a parent to put food on the table and another to pay a mortgage, or a student to pay for much-needed education.

Supporting small, medium and micro-enterprises, or SMMEs, as they are known in our everyday jargon, is what is needed to fast-track economic recovery. South Africa desperately needs alignment of government policy, funding and other resources to support this underdeveloped segment of our economy.

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