South Africa: Ramaphosa Makes Noises About Backing Small Business. It's About Time

analysis

South Africa's new president, Cyril Rampahosa, is promising to free up and propel the country's small business sector and its natural partner entrepreneurship, a long overdue move that could help the country realise strong economic growth.

South Africa has been trapped in a low growth trajectory for about 10 years. This has made it difficult to reduce high levels of poverty, inequality and unemployment. For a while now, many have pointed out that harnessing the small business sector and entrepreneurship lies at the centre of the solution.

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