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Budget 2025 | Urgent calls for support measures for SMEs from Godongwana

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Ahead of the 2025 Budget Speech, an expert urges Finance Minister Enoch Godongwana to implement measures to support South Africa's SMEs.
The article from MSN discusses the urgent calls for support measures for Small and Medium Enterprises (SMEs) in South Africa as Finance Minister Enoch Godongwana prepares for the 2025 Budget. SMEs are facing significant challenges including high operational costs, load shedding, and economic recovery from the impacts of the global health crisis. Business organizations and industry leaders are advocating for government intervention through tax incentives, easier access to finance, and regulatory relief to help SMEs thrive. The article highlights the critical role SMEs play in job creation and economic growth, emphasizing the need for tailored financial support, reduced bureaucratic hurdles, and energy solutions to mitigate the effects of power outages. There is a strong push for the government to recognize and bolster the SME sector to foster economic resilience and development.

Read the Full MSN Article at:
[ https://www.msn.com/en-za/money/small-business/budget-2025-urgent-calls-for-support-measures-for-smes-from-godongwana/ar-AA1zlhqU ]