What small businesses need from government
South Africa’s small businesses make a massive contribution to the national interest. They account for 52% of the country’s GDP, and are an essential part of its short-term economic growth and long-term economic health. The government has made attempts to recognise this contribution. Their most notable attempt was the 2014 launch of the Department of Small Business Development. But this initiative hasn’t proved as helpful as those behind it might have hoped. Our research reveals that only 3.7% of small businesses feel that the department has helped their organisation, with 89.4% saying it has not. Small businesses have specific requirements and preferences that are not being addressed in the current climate. If the Department of Small Business Development and indeed the wider government wants to help companies, it needs to consider focusing on the top five priorities identified by South Africa’s small business owners as part of our 2017 State of Small Business report.