Vutivi
  • Business
    Small-scale farmers and livestock SMMEs in the North West are calling for urgent action to safeguard their businesses and livelihoods, after years of grappling with escalating crime and inadequate support.

    SMEs call for solutions as crime wave bites

    Eskom Development Foundation CEO, Cecil Ramonotsi

    Eskom’s business connect powers up SMEs

    Cranes operating amid backlog at Durban port, exporters say equipment bottlenecks are contributing to delays

    SMEs hit hard as Durban port congestion worsens

    According to industry estimates, ASM contributes R30–40 billion annually to the economy, yet most of this activity remains undocumented.

    Small scale miners await outcome of new mining bill

    Village tea crafters head to world’s largest food trade fair

    Banana farmers face a growing threat from Banana Bunchy Top Virus in Kwa Zulu-Natal

    Banana Bunchy Top Virus threatens farmers and jobs

    The commitments made at the recent G20 Tourism Ministers’ Meeting in
Mpumalanga could open new opportunities for tourism SMMEs in Southern Africa,
according to entrepreneurs in neighbouring Eswatini.

    Eswatini tourism SMEs eye G20 opportunities

    South Africa's first-ever G20 Tourism Hackathon Challenge has put the spotlight on
how technology can transform the country's tourism landscape and, crucially, how it
could open new doors for small businesses in rural and underrepresented
communities

    Youth tourism tech innovations hold promise for small businesses

    Itumeleng Seleke, CEO and operations manager of Nomusa BNB (Pty) Ltd in
Richards Bay, said the government’s push on destination marketing offers a chance
to diversify offerings and attract more visitors.

    Tourism plan brings fresh hope for small businesses

    City of Tshwane Mayor Dr Nasiphi Moya

    Tshwane turns empty properties into SME hubs

  • Agriculture
    Small-scale farmers and livestock SMMEs in the North West are calling for urgent action to safeguard their businesses and livelihoods, after years of grappling with escalating crime and inadequate support.

    SMEs call for solutions as crime wave bites

    According to industry estimates, ASM contributes R30–40 billion annually to the economy, yet most of this activity remains undocumented.

    Small scale miners await outcome of new mining bill

    Village tea crafters head to world’s largest food trade fair

    Banana farmers face a growing threat from Banana Bunchy Top Virus in Kwa Zulu-Natal

    Banana Bunchy Top Virus threatens farmers and jobs

    Township bakeries are facing huge challenges as the prices of wheat and flour soars.

    Township bakeries face ruin as wheat prices soar

    South Africa and Brazil have signed a landmark Memorandum of Intent to boost agricultural cooperation.

    South Africa and Brazil partner to strengthen agriculture

    Stock theft is threatening small rural farmers.

    Call for action as rising stock theft cripples rural SMMEs

    Small scale fishing permit holders are struggling against undocumented competitors. Photo. Mukurukuru Media

    Illegal fishing threatens livelihoods of documented fishers

  • Innovation
    Finalists for the 2025 Äänit Prize, whose ventures tackle crime, climate change and youth unemployment to support Africa’s SME

    Innovators in race for $100,000 Mandela Rhodes Foundation prize

    Daveyton-born entrepreneur Kagiso Ranyawa has transformed steel drums into mobile handwashing stations

    Entrepreneur finds hygiene solution in steel drums

    Tshima Bricks is helping rural based folk to access bricks that are adaptable to their areas.

    Innovating rural housing – one block at a time

    Varsity student Owethu Ndzabe has opened a car wash

    Varsity student’s mobile car wash creates seven jobs

    TIA and Sedfa unite to propel growth for small businesses

    Women entrepreneurs find the going tough on online platforms

    Rich Tshepo helps SMMEs break into e-commerce

    E-commerce guru “Rich Tshepo” shares secrets

    Mulilo Renewable Energy LTD proves that there's energy market in South Africa.

    Mulilo is powering South Africa’s energy revolution

    The founder and CEO of Q4ME Vuledzani Mathavha

    Q4ME turns the hassle of queuing into a business opportunity

    Business analyst James Mavundla who launched Agrowex

    Agrowex App bridges farmer market gap

  • Finance
    SMEs are hoping that the G20 will ease export regulations

    SA pushes for global SME compact at G20

    DTIC Minister Parks Tau is inviting business people and related stakeholders to submit their views on proposed new draft regulations. Photo. DTIC

    Proposed changes to credit regulations target SMEs

    Chicken Bar franchise owner Asanda Maqabuka believes more needs to be done to empower women in franchise sector

    Women own 40% of franchise market but more support is needed

    Navigating SARS' 2025 tax season

    Tax season puts spotlight on compliance for new businesses

    MEC Lebohang Maile during his budget vote at Gauteng Legislature

    Gauteng’s budget offers strategic investment in SMEs

    South African National Parks, in partnership with Sanlam, offers an interest-free loan program at Table Mountain in Cape Town. Photo: Facebook.

    More businesses to benefit from SANParks loan deal

    Finance Minister Enoch Godongwana

    R402 billion budget could open doors for construction SMEs

    Small Business Finance Development Agency has helped an entrepreneur to secure funding to invest in a filling station. Pic: Shell

    Franchise funding for entrepreneurs

    SMEs happy with Limpopo budget

    Limpopo Budget: hope for small businesses

    GEP deputy chairperson Phosane Mngqibisa

    Gauteng increases support for small businesses to access funds

  • Tourism
    The commitments made at the recent G20 Tourism Ministers’ Meeting in
Mpumalanga could open new opportunities for tourism SMMEs in Southern Africa,
according to entrepreneurs in neighbouring Eswatini.

    Eswatini tourism SMEs eye G20 opportunities

    South Africa's first-ever G20 Tourism Hackathon Challenge has put the spotlight on
how technology can transform the country's tourism landscape and, crucially, how it
could open new doors for small businesses in rural and underrepresented
communities

    Youth tourism tech innovations hold promise for small businesses

    Itumeleng Seleke, CEO and operations manager of Nomusa BNB (Pty) Ltd in
Richards Bay, said the government’s push on destination marketing offers a chance
to diversify offerings and attract more visitors.

    Tourism plan brings fresh hope for small businesses

    G20 Tourism Ministers Summit has opened new opportunities for SMEs

    Tourism Investment Summit unveils R1bn in new projects

    Minister of Tourism Patricia de Lille noted  that SMEs are the backbone of the industry.

    SMEs pin hopes on G20 tourism priorities

    Bead makers are hoping to cash in on the abundance of cultural events during Heritage Month. 
Photo: Lucas Ledwaba/Mukurukuru Media

    Bead makers look to cash in on Heritage Month festivities

    North West SMEs in the tourism sector are hoping to cash in on a new strategy shift by the provincial government. Photo. North West Arts and Culture

    Tourism strategy shift gives SMEs new hope

    Statistics show that more than 79 000 tourists from China visited the country in 2023/4.

    Mandarin training could give local tourism business the edge

    SMEs in the tourism sector in Eastern Cape are set to benefit from SanParks incubation program

    Tourism SMEs to benefit from Sanparks incubation initiative

  • Advertise
No Result
View All Result
Vutivi
  • Business
    Small-scale farmers and livestock SMMEs in the North West are calling for urgent action to safeguard their businesses and livelihoods, after years of grappling with escalating crime and inadequate support.

    SMEs call for solutions as crime wave bites

    Eskom Development Foundation CEO, Cecil Ramonotsi

    Eskom’s business connect powers up SMEs

    Cranes operating amid backlog at Durban port, exporters say equipment bottlenecks are contributing to delays

    SMEs hit hard as Durban port congestion worsens

    According to industry estimates, ASM contributes R30–40 billion annually to the economy, yet most of this activity remains undocumented.

    Small scale miners await outcome of new mining bill

    Village tea crafters head to world’s largest food trade fair

    Banana farmers face a growing threat from Banana Bunchy Top Virus in Kwa Zulu-Natal

    Banana Bunchy Top Virus threatens farmers and jobs

    The commitments made at the recent G20 Tourism Ministers’ Meeting in
Mpumalanga could open new opportunities for tourism SMMEs in Southern Africa,
according to entrepreneurs in neighbouring Eswatini.

    Eswatini tourism SMEs eye G20 opportunities

    South Africa's first-ever G20 Tourism Hackathon Challenge has put the spotlight on
how technology can transform the country's tourism landscape and, crucially, how it
could open new doors for small businesses in rural and underrepresented
communities

    Youth tourism tech innovations hold promise for small businesses

    Itumeleng Seleke, CEO and operations manager of Nomusa BNB (Pty) Ltd in
Richards Bay, said the government’s push on destination marketing offers a chance
to diversify offerings and attract more visitors.

    Tourism plan brings fresh hope for small businesses

    City of Tshwane Mayor Dr Nasiphi Moya

    Tshwane turns empty properties into SME hubs

  • Agriculture
    Small-scale farmers and livestock SMMEs in the North West are calling for urgent action to safeguard their businesses and livelihoods, after years of grappling with escalating crime and inadequate support.

    SMEs call for solutions as crime wave bites

    According to industry estimates, ASM contributes R30–40 billion annually to the economy, yet most of this activity remains undocumented.

    Small scale miners await outcome of new mining bill

    Village tea crafters head to world’s largest food trade fair

    Banana farmers face a growing threat from Banana Bunchy Top Virus in Kwa Zulu-Natal

    Banana Bunchy Top Virus threatens farmers and jobs

    Township bakeries are facing huge challenges as the prices of wheat and flour soars.

    Township bakeries face ruin as wheat prices soar

    South Africa and Brazil have signed a landmark Memorandum of Intent to boost agricultural cooperation.

    South Africa and Brazil partner to strengthen agriculture

    Stock theft is threatening small rural farmers.

    Call for action as rising stock theft cripples rural SMMEs

    Small scale fishing permit holders are struggling against undocumented competitors. Photo. Mukurukuru Media

    Illegal fishing threatens livelihoods of documented fishers

  • Innovation
    Finalists for the 2025 Äänit Prize, whose ventures tackle crime, climate change and youth unemployment to support Africa’s SME

    Innovators in race for $100,000 Mandela Rhodes Foundation prize

    Daveyton-born entrepreneur Kagiso Ranyawa has transformed steel drums into mobile handwashing stations

    Entrepreneur finds hygiene solution in steel drums

    Tshima Bricks is helping rural based folk to access bricks that are adaptable to their areas.

    Innovating rural housing – one block at a time

    Varsity student Owethu Ndzabe has opened a car wash

    Varsity student’s mobile car wash creates seven jobs

    TIA and Sedfa unite to propel growth for small businesses

    Women entrepreneurs find the going tough on online platforms

    Rich Tshepo helps SMMEs break into e-commerce

    E-commerce guru “Rich Tshepo” shares secrets

    Mulilo Renewable Energy LTD proves that there's energy market in South Africa.

    Mulilo is powering South Africa’s energy revolution

    The founder and CEO of Q4ME Vuledzani Mathavha

    Q4ME turns the hassle of queuing into a business opportunity

    Business analyst James Mavundla who launched Agrowex

    Agrowex App bridges farmer market gap

  • Finance
    SMEs are hoping that the G20 will ease export regulations

    SA pushes for global SME compact at G20

    DTIC Minister Parks Tau is inviting business people and related stakeholders to submit their views on proposed new draft regulations. Photo. DTIC

    Proposed changes to credit regulations target SMEs

    Chicken Bar franchise owner Asanda Maqabuka believes more needs to be done to empower women in franchise sector

    Women own 40% of franchise market but more support is needed

    Navigating SARS' 2025 tax season

    Tax season puts spotlight on compliance for new businesses

    MEC Lebohang Maile during his budget vote at Gauteng Legislature

    Gauteng’s budget offers strategic investment in SMEs

    South African National Parks, in partnership with Sanlam, offers an interest-free loan program at Table Mountain in Cape Town. Photo: Facebook.

    More businesses to benefit from SANParks loan deal

    Finance Minister Enoch Godongwana

    R402 billion budget could open doors for construction SMEs

    Small Business Finance Development Agency has helped an entrepreneur to secure funding to invest in a filling station. Pic: Shell

    Franchise funding for entrepreneurs

    SMEs happy with Limpopo budget

    Limpopo Budget: hope for small businesses

    GEP deputy chairperson Phosane Mngqibisa

    Gauteng increases support for small businesses to access funds

  • Tourism
    The commitments made at the recent G20 Tourism Ministers’ Meeting in
Mpumalanga could open new opportunities for tourism SMMEs in Southern Africa,
according to entrepreneurs in neighbouring Eswatini.

    Eswatini tourism SMEs eye G20 opportunities

    South Africa's first-ever G20 Tourism Hackathon Challenge has put the spotlight on
how technology can transform the country's tourism landscape and, crucially, how it
could open new doors for small businesses in rural and underrepresented
communities

    Youth tourism tech innovations hold promise for small businesses

    Itumeleng Seleke, CEO and operations manager of Nomusa BNB (Pty) Ltd in
Richards Bay, said the government’s push on destination marketing offers a chance
to diversify offerings and attract more visitors.

    Tourism plan brings fresh hope for small businesses

    G20 Tourism Ministers Summit has opened new opportunities for SMEs

    Tourism Investment Summit unveils R1bn in new projects

    Minister of Tourism Patricia de Lille noted  that SMEs are the backbone of the industry.

    SMEs pin hopes on G20 tourism priorities

    Bead makers are hoping to cash in on the abundance of cultural events during Heritage Month. 
Photo: Lucas Ledwaba/Mukurukuru Media

    Bead makers look to cash in on Heritage Month festivities

    North West SMEs in the tourism sector are hoping to cash in on a new strategy shift by the provincial government. Photo. North West Arts and Culture

    Tourism strategy shift gives SMEs new hope

    Statistics show that more than 79 000 tourists from China visited the country in 2023/4.

    Mandarin training could give local tourism business the edge

    SMEs in the tourism sector in Eastern Cape are set to benefit from SanParks incubation program

    Tourism SMEs to benefit from Sanparks incubation initiative

  • Advertise
No Result
View All Result
Vutivi
No Result
View All Result

ILO warns if SMMEs do not get help, the longer recession will remain

by Staff Reporter
December 17, 2020
in Business
Reading Time: 3 mins read
A A
International Labour Organisation. Picture : Supplied

International Labour Organisation. Picture : Supplied

Share on FacebookShare on TwitterShare via Email

Even though government revenues have nosedived due to Covid-19 lockdowns, the International Labour Organisation (ILO) warns that failing to respond to the crisis of SMMEs, will most likely result in longer and deeper recessions.
In South Africa, even though the government expects the sector to create 90% of all jobs by 2030, it is only now that private corporations and the state are starting to show real support for small businesses – both in the formal and informal market.
But it may be too late, as many of them were already struggling before the pandemic, and thousands have been decimated this year.
The Small Business Institute said in October there were over 160 papers, surveys and scenarios in on SMMEs since the arrival of Covid-19.
This alone indicates there is still no comprehensive, co-ordinated approach to the sector.
In the last months the state has introduced debt relief finance schemes for SMMEs and advocated for buy-local approach. And around 50 corporations have undertaken to pay their SMME suppliers within 30 days.
But this can only be the start of boosting the sector, which is about to get thumped again now that the country is in its second wave of the pandemic.
The ILO, which has an SME Unit that suggests how to bolster the sector during and after the lockdowns, is worth considering as the country attempts to rebuild the economy and the sector.
It says in a policy brief that access to credit will remain the biggest challenge in reactivating SMMEs. Therefore, government policies to inject liquidity into the markets, mainly through private institutions, is vital.
Access to credit can include low or no-interest loans via public and private financial institutions, lines of credit for trade activities, and partial underwriting of risk to ensure loans also go to the smallest enterprises.
As seen in parts of South Africa, it says governments can also boost jobs by including employment-intensive investment, and procurement that gives preference to SMMEs. It should include fast-tracking public procurement processes and simplifying them to facilitate tenders for SMMEs. Also, there should be tax incentives to stimulate local sourcing of multinational enterprises.
Business services to support SMMEs will benefit greatly from programmes to help them to boost productivity improvement, manage their finances more effectively and enhance their marketing skills, it says.
The ILO suggests that governments expand the offerings of technical schools that help entrepreneurs to develop their management capacities; or provide vouchers so that small businesses can access the expertise of business service providers and training programmes.
For those wanting to read more of the recommendations from the ILO, the information can be accessed at https://www.ilo.org/wcmsp5/groups/public/—ed_emp/—emp_ent/documents/publication/wcms_741870.pdf

 

Tags: Covid-19 and ILOEnterprises and ILOGovernments and ILOSMME and ILO
Previous Post

Poultry farmer empowers communities to follow in her foot steps

Next Post

The energetic venture of K-Factor

Staff Reporter

Staff Reporter

Related Posts

Small-scale farmers and livestock SMMEs in the North West are calling for urgent action to safeguard their businesses and livelihoods, after years of grappling with escalating crime and inadequate support.

SMEs call for solutions as crime wave bites

October 2, 2025
Eskom Development Foundation CEO, Cecil Ramonotsi

Eskom’s business connect powers up SMEs

October 2, 2025
Cranes operating amid backlog at Durban port, exporters say equipment bottlenecks are contributing to delays

SMEs hit hard as Durban port congestion worsens

October 2, 2025
Load More
Next Post
Kabelo Mosupye's K-Factor petroleum company continues to make strides in a tough sector. Picture : Supplied.

The energetic venture of K-Factor

President Albert Jeleni wants the role of  SMME Ombudsman to be clear on protection of small business. Photo: Facebook

Chamber says new SMME law needs work

Sun City Resort is one of the best tourist attraction in SA. Picture: Supplied

Tourism body warns of carnage if lockdown level changes

Information Inspiration Education | Analysis

South Africa's best news resource for micro-businesses and township entrepreneurs.

Follow Vutivi Business News on WhatsApp

FEATURED POST

Small-scale farmers and livestock SMMEs in the North West are calling for urgent action to safeguard their businesses and livelihoods, after years of grappling with escalating crime and inadequate support.

SMEs call for solutions as crime wave bites

October 2, 2025
Eskom Development Foundation CEO, Cecil Ramonotsi

Eskom’s business connect powers up SMEs

October 2, 2025
Cranes operating amid backlog at Durban port, exporters say equipment bottlenecks are contributing to delays

SMEs hit hard as Durban port congestion worsens

October 2, 2025
According to industry estimates, ASM contributes R30–40 billion annually to the economy, yet most of this activity remains undocumented.

Small scale miners await outcome of new mining bill

October 2, 2025

Vutivi is a digital business news platform that will serve the Small Medium Micro Enterprises in the form of writing stories that will be informative about their sector. We pledge to deliver a commercially sustainable, world-class digital financial and business news service that is a must-read while being responsive to readership needs and tailor-making packages for SMMEs.

Categories

  • Agriculture
  • Analysis
  • Business
  • Finance
  • Government Business
  • Innovation
  • Profile
  • Top story
  • Tourism

Get in Touch

Email

news@vutivibusiness.co.za

© 2025 Vutivi. All rights reserved. Website by AIPX Atelier

Advertise / Privacy Policy / Contact

No Result
View All Result
  • Business
  • Agriculture
  • Innovation
  • Finance
  • Tourism
  • Advertise

© 2024 Vutivi // Website by AIPX Atelier.