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Competition to boost SMEs

The Citizen

|

June 26, 2025

14 businesses will be awarded R300,000 each for their needs.

- Tshehla Cornelius Koteli

If you have a business in the Information and Communications Technology (ICT) and financial services sectors, Old Mutual is running a competition for you to get a share of the R4.2 million prize money.

The financial services group launched its second edition of the SMEGo Pitchathon in Johannesburg this week.

This initiative supports small and medium-sized enterprises (SMEs), as the sector plays a significant role in providing employment opportunities.

There is a high rate of small businesses failing in the first five years, with the common denominator being a lack of funding.

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