SOUTH Africa’s target of creating 11-million jobs through the National Development Plan (NDP) will require the creation of more than 49,000 new small enterprises, together with an economic growth rate of about 20% a year, say industry leaders.The government has set its sights on small, medium and micro-enterprises (SMMEs) as a catalyst to create 90% of the jobs required to meet the National Development Plan’s objective of 11-million jobs by 2030.It has been envisaged that SMME development will help to curb SA’s persistently high unemployment rate, which is presently narrowly defined at 24.1%.This came to light following the release this week of the Endeavor jobs calculator on SA. The jobs calculator is a global tool developed by the International Labour Organisation and National Statistics Agency. It takes into account the different factors that are essential for job creation.Endeavor SA MD Catherine Townshend said: "The Endeavor job calculator can estimate how many entrepreneurs, t...
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