JOHAN STEYN: Democratising AI — the untapped potential for SA’s SMMEs
Artificial intelligence platforms can help streamline bureaucratic processes and facilitate tailored financial advice
The prevailing myth in many industries is that artificial intelligence (AI) is the exclusive realm of large-scale corporations. This couldn’t be further from the truth. Especially in the SA context, where small, medium and micro enterprises (SMMEs) play a pivotal role in employment, it’s imperative to recognise the potential of AI for these businesses.
In April, small business development minister Stella Ndabeni-Abrahams, announced the SMMEs and Co-operatives Funding Policy for SA in the Government Gazette. SA has an estimated 3.2-million SMMEs and 43,062 co-operatives. The National Development Plan projects that by 2030, small enterprises will account for 90% of an expected 11-million new job opportunities...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.