https://newsletter.en.creamermedia.com
Africa|Resources|Sustainable|Tourism|Solutions
Africa|Resources|Sustainable|Tourism|Solutions
africa|resources|sustainable|tourism|solutions

JSE continues driving growth for SMEs

16th September 2024

By: Marleny Arnoldi

Deputy Editor Online

     

Font size: - +

Reflecting on the success of its Small and Medium Enterprise (SME) Rise initiatives, the JSE says the SME sector remains the backbone of South Africa’s economy.

The stock exchange hosted an event to celebrate the evolution of these initiatives and some strategic collaborations it has entered into to empower businesses in the SME sector, including with various development and finance agencies.

JSE offers, through its SME Rise programme, a range of growth solutions for SMEs, including funding readiness, international expansion and capital access, which the JSE says is aimed at driving meaningful transformation and sustainable growth.

“SME Rise has provided the necessary resources and networks to help participating businesses grow market share, access funding and improve their competitiveness,” says JSE SME development head Cleola Kunene.

For example, the JSE's Enterprise Acceleration Programme, designed to propel companies into their next growth phase, has already welcomed 28 participants – many of them reporting rapid growth, including increased employment, significant revenue growth and enhanced capital-raising capabilities.

Notably, 15 companies from Small Enterprise Development Agency branches are currently being accelerated, with a particular emphasis on accessing international markets.

In 2023, the JSE, together with the Western Cape government's Department of Economic Development and Tourism, launched the Capital Matching Initiative to address the funding gap for SMEs in the Western Cape.

This initiative successfully achieved a 62% match rate among 90 participating SMEs and financing partners. This year, the JSE is expanding the initiative to the Eastern Cape and Free State.

“Together, we have made significant strides in fostering SME development across our nation and are eager to scale the work as we embark on the next phase of growth for South Africa’s SME sector,” Kunene says.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Projects

Showroom

Weir
Weir

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
Weir
Weir

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 22 November 2024
Magazine round up | 22 November 2024
22nd November 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:5.659 5.773s - 210pq - 2rq
Subscribe Now