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