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Few better than South Africans know and understand the kind of effort, maturity and concessions required to make any kind of meaningful strides towards transformation.
SMEs are the lifeblood of the South African economy, accounting for approximately 29% [i] of employment in the country and forming a critical pillar of the government’s 2030 National Development Plan. With funding scarce and the economy volatile, small businesses remain increasingly vulnerable to economic pressures, with many failing to last beyond the five-year mark.
The ANC’s manifesto should serve as a “wake-up call” for investors to consider creating, building and safeguarding wealth internationally. This is the clear warning from Gavin Smith, Head of Africa at deVere Acuma, part of one of the world’s largest financial advisory organisations.
If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?