From local artisans to global tourism markets: How SMMEs are expanding their reach

From local artisans to global tourism markets: How SMMEs are expanding their reach

Small, Medium, and Micro Enterprises (SMMEs) are the backbone of South Africa’s economy, contributing 60% of the labour force and being central to job creation. However, despite their significant role, many face challenges such as limited access to funding, market reach, and compliance requirements. Studies indicate that five out of seven SMMEs fail within their first year, highlighting the struggles small businesses endure in a competitive econ…