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SMEs - South African SMEs and development capital

 
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Black people in South Africa were severely disadvantaged in South Africa as a result of Apartheid. As a consequence they are given preference in many areas, as they should be.

However, economically speaking, entrepreneurs are found everywhere, and they should all be encouraged and assisted to succeed, because it is the successful ones that continue to grow, who will generate the jobs necessary to reduce unemployment. Unemployment has impacted most on the black people of South Africa, and these jobs would be of importance to them.

Survivalist entrepreneurs are often not entrepreneurs but rather economic refugees who have no choice as they are often unemployable in the formal sector for educational and literacy reasons. There are also many of these people, who are a direct product of the Apartheid government. However, the government needs to look beyond this problem.

There are many entrepreneurs in this country who are not survivalists, but rather have a genuine entrepreneurial bent, who are currently excluded from the government interventions. We are missing a massive opportunity to create jobs for those who are unable to find employment.

Rob Smorfitt To learn more about this author, visit Rob Smorfitt's Website.

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About the Author


Rob Smorfitt
(Visit Rob's Website)
Based in Pietermaritzburg, South Africa. Married with 3 children (22, 21 and 14). Have an MBA and am currently doing a PhD in entrepreneurial success. I have been self employed since 1982. I have started 26 and bought 5 businesses since then. Most were sold again and a few were shut down because of a lack of profitability. Many were run by staff or family while I worked in full time employment in my bigger businesses. 6 books written in SME and Project Management educational field. Written articles for various magazines, newspapers and websites.
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