Thinking Out Of The Box: Creating Shared Value And A Country Of Entrepreneurs
THE ENGINE OF ANY COUNTRY’S ECONOMY are the small, medium and micro enterprises (SMMEs): they power the future and fortify the foundation of the present. So any effort to ameliorate the circumstances of the SMME sector and uplift the players in that space, especially in these times of a ravaging pandemic, can be a much-needed economic panacea.
With the unemployment rate among young South Africans sitting at more than 59%, as President Cyril Ramaphosa said in his 2020 State of the Nation address, it is a national crisis that demands urgent, innovative and coordinated solutions: “Of the 1.2-million young people who enter the labour market each year, approximately two thirds remain outside of employment, education or training. More
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