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Small businesses, private sector can prop up economy – experts

Business News 7 months ago

‘A very positive outlook for this year is that there is a larger gap for the private sector to play a bigger role in the economy,’ a top business leader says.


16 Jan 2020
PREMIUM!
Small businesses, private sector can prop up economy – experts

Small business. Picture: Facebook

Leading economists regard Eskom’s load shedding as the main retardant of South Africa’s economic growth this year, but the worst can be avoided if business comes to the party to save the economy from collapsing. Top business leader and an expert on small business development, Hennie Ferreira, chief executive officer of Osidon, said these circumstances gave small businesses, in particular, an opportunity to thrive and the private sector a chance to play a bigger role in growing the economy. Mike Schussler, chief economist at Economist.co.za, said load shedding would be the major impediment in economic performance. “It all depends on...

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