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Competitiveness and Staying Ahead of Competitors a Major SME Concern

In a report published on the Sanlam Business Blog on 20 February 2017, once again it was reiterated that small and medium-sized enterprises (SMEs) are the driving force of the South African economy (around 52% of SAs GDP).

The blog post provides a summary of a report by World Wide Worx in partnership with Xero of the factors that are causing worries among small business owners.

  • Competitiveness issues
  • Investing in technology
  • Moving to the cloud: digitization
  • Uncertainty about the economy
  • Optimistic about growth despite a lack of government support

Read more here: www.xero.com/content/dam/xero/pdf/Xero-State-of-South-African-Small-Business.pdf