Introduction to Kgatelopele

A slow down in the overall economic activity around the world has without a doubt affected the South African economy which relies in SMME’s for economic growth and employment. Currently, the SMME’s sector is faced with a myriad of challenges. Some of the challenges that SMMEs face in this current turbulent market are start-up or early stage capital, expansion and later stage financing for growth. There is a hive of entrepreneurial activity in the low end and middle segment of the market, and this is accompanied by a high failure rate of small start-up businesses in this market. The failure is attributed by access to funding, management and operations amongst other problems. Despite these challenges, South Africa continues to attract foreign direct investment, and many foreign companies see our country as an entry point to the rest of Africa. Having been accepted as the member of the BRICS countries opens up even greater opportunities. Read More