Recognising Young SMMEs

Jun 28, 2022 | Uncategorised

28 June 2022 – The month of June is special to us in that it celebrates youth and the Small Medium and Macro Enterprises (SMMEs), which are both important for the future of our country. This year we celebrated the youth month under the theme of Promoting sustainable livelihood and resilience of young people for a better tomorrow. 

Since 2017, the global community has observed SMME Day on the 27th of June each year. The significance of this day is to raise public awareness of the SMME’s role in creating a more equitable and sustainable global economy. The United Nations (UN) has directed the focus for this year’s commemoration to be on resilience and rebuilding SMMEs following the impact that the COVID-19 pandemic, climate crisis, and conflicts have had on the economy. Small businesses are the backbone of economies. They account for 70% of businesses providing jobs to more than 50% of the population around the world. We join hands with the global community to observe the importance of International SMME Day and support the growth of SMMEs in South Africa. According to the survey, insights from the International Trade Centre indicate that there is a need to focus on four priority areas to scale up support to SMME’s. The areas identified are around women, youth, digital as well as green initiatives. These are key to creating a wave of “good trade” that is truly inclusive, diversified, and sustainable.

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