Are SMEs being left behind? - IT-Online

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Are SMEs being left behind? - IT-Online
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Are SMEs being left behind? They warn of rising costs and need more government support, better financing options to weather the next 12 months ~

Small and medium enterprises , which represent two-thirds of global jobs and over half of global GDP, remain resilient and confident in the face of current challenges.

* More than half of South African businesses are still not operating as they did before the pandemic. * Three quarters of South African SMEs are confident about the success of their business right now – 10% higher than the global average , while 80% feel confident about their success over the next 12 months compared to 69% globally.

* They named a wide range of benefits that becoming more sustainable could bring to their businesses, most notably attracting customers with more sustainable products and services , creating a better working culture , and boosting employee motivation .* SMEs in South Africa were more likely than SMEs in the other countries surveyed to increase their technology investment in the next year. Seven out of 10 expect to increase investment, compared to a global average of 51%.

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