SMEs

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 critically important to expanding employment and promoting economic inclusion, especially for historically disadvantaged groups and youth. However, South Africa’s has a highly concentrated formal sector, dominated by large and well-established companies. This creates significant barriers to entry for new SME’s. Supplying goods and…

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