Most surveys of small business cite difficulties in accessing finance as one of the top three challenges they face. But talk to providers of finance and they say the opposite: there is a scarcity of fundable small businesses out there.
Solving this conundrum is at the heart of South Africa’s biggest challenge: how to create the 11 million new jobs we need by 2030 to reduce unemployment to 6% from its current 36%.
South Africa’s small business finance ecosystem is fragmented and inaccessible to those most in need. And there is a paucity of published material on why some small business support programmes, both financial and non-financial, deliver returns while others do not.
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