Entrepreneurship | Lack of funding and power cuts impact smalls businesses

Saturday 27 January 2024 - 19:00pm

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JOHANNESBURG - South Africa's ambitious goal to have 90% job opportunities created by small businesses by 2030, looks out of reach.

The 2023 State of Entrepreneurship report reveals a lack of funding, and the impact of the rolling blackouts as main stumbling blocks.

READ: Entrepreneurship | South African start-ups failing to reach their potential

The National Small Business Act has also been criticised for doing too little, to create a conducive environment for enterprises to flourish.

The eNCA unpack this with someone who knows the challenges of establishing a small business, founder of native Wear, Siyabonga Magadla.

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