ANDILE KHUMALO: Help start-ups to employ people
Small businesses are the leading creators of jobs, all over the world
Earlier this week, I attended the launch of Simodisa's entrepreneurship industry report. The organisation was started by South African entrepreneurs as an industry-led initiative to specifically address and, in many ways, find what ought to be done to overcome the barriers that entrepreneurs face. When the organisation was launched in 2014, it developed a list of seven policy recommendations, mainly aimed at government, that could enhance the South African entrepreneurship ecosystem. These were seen to deal with the major constraints to the proliferation of high-growth start-ups in our country. Featured on the list were exchange control regulations, improvement of the S12J incentive, public funding of venture capital and SMME funding, a business visa, and my personal favourite, a review of labour legislation to better support entrepreneurs. The report launched this week is a review of progress made on the recommendations made five years ago, and a dipstick as to how entrepreneurs an...
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