small and medium enterprises

An Overview of Preferential Procurement in South Africa: Government Initiatives and Private Sector Responses

Fostering the development and growth of small and medium-sized enterprises (SMEs) is a key issue in increasing employment opportunities and raising personal incomes. In addition, supporting the growth of SMEs owned by previously disadvantaged groups, black women and young people is important for achieving a more equitable economy. However, given the structure of the formal…