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61% of South African SMMEs Planning For Growth
Your Business
|August/September 2021
Mastercard SME Index
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• In the midst of the COVID-19 pandemic, six in 10 SMMEs in South Africa anticipate growth and are proactively planning for the future .
• Upskilling staff for the future, access to data, analytics and insights, and digitising business operations offer the highest growth potential for SMMEs.
This is according to the Mastercard SME Index, which surveyed 300 SMMEs in South Africa between April and mid-May 2021.
While the majority (84%) of South African SMMEs say that the pandemic has negatively impacted their revenue, looking forward, however, 79% are projecting that their earnings will either hold steady or grow in the next year.
This story is from the August/September 2021 edition of Your Business.
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