2. SMME’s
1
2.3 million people
who owned at least
one Value Added
Tax (VAT)
unregistered
company
2
Of these, only
338 000 owners
had employees,
a total of
734 000.
3
These numbers
may raise the
question of the job
creation potential
of these
enterprises
4
Demonstrates
the level of selfemployment, a
large portion of
which may be
survivalist.
5
One out of five units
exported is produced
in the small and
medium sector in
South Africa
according to the
Department of Trade
and Industry
6
Since 1994 South
Africa’s
unemployment
levels have
increased and
persisted in the
region of 25%
3. SMME’s
1
2
The study of the
relationship between
SMMEs and
employment has
traditionally been
focussed on the
question of whether
large firms or
SMMEs create more
jobs
SMMEs are more
labour intensive
than large firms
and thus the
growth of the
SMMEs should
result in higher
levels of
employment.
2010 South
Africa had
5,979,510 small
businesses.
3
Go ahead and
replace it with
your own text.
This is an example
text.
60% of the owners
had less than a
matric certificate,
whilst 58% of small
business owners
were women
4
5
6
4. LIFE LONG LEARNING
"ongoing, voluntary, and self-motivated" pursuit of knowledge for either
personal or professional reasons.
1
enhances social inclusion, active citizenship, and personal
development, but also self-sustainability,
2
rather than competitiveness and employability (Wikipedia)
3
4
5. NETWORKING
1
2
3
4
5
6
7
Business networking is a socioeconomic business activity by which groups of
like-minded business people recognize, create, or act upon business
opportunities.
A business network is a type of business social network whose reason for
existing is business activity.
There are several prominent business networking organizations that create models of business
networking activity that, when followed, allow the business person to build new business
relationships and generate business opportunities at the same time.
A professional network service is an implementation of information
technology in support of business networking.
Many business people contend business networking is a more cost-effective
method of generating new business than advertising or public relations efforts.
This is because business networking is a low-cost activity that
involves more personal commitment than company money.