SME FINANCE : SA’s small business engine is warming up, but funding gaps still choke growth (opens original article in a new tab)

South Africa's SMEs are showing improved confidence and operational stability, driven by better electricity supply and lower inflation, but funding gaps and lack of ecosystem support continue to hinder growth.

• SMEs in South Africa show measured optimism with improved affordability and confidence in growth.
• Reduced load shedding and stable electricity supply significantly improve SME operations.
• The funding gap for growth-oriented SMEs remains a critical constraint on growth and innovation.
• Non-financial support like mentorship and financial education is crucial for building sustainable businesses.