A new survey shows that despite economic uncertainty SA’s small-business owners remain optimistic that their enterprises will survive or continue to grow. The research by cloud accounting software provider Xero was conducted in partnership with World Wide Worx. It was based on a survey of 411 small-business owners and reveals that 40% believe their operations will record some growth over the coming year, while 45% expect their organisation to stay the same size. The National Development Plan (NDP), a government blueprint for eliminating poverty and reducing inequality, has ambitious goals for the small and medium enterprises (SME) sector — including a target of 90% of employment opportunities to be created by this sector by 2030. Some of the findings of the survey include: • 89% of small-business owners are confident in managing their companies’ finances • 92% have not missed a tax deadline • 89% say the Department of Small Business Development has not assisted their enterprises • 4...
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